Analysts Set Esterline Technologies Co. (ESL) Target Price at $99.43

Shares of Esterline Technologies Co. (NYSE:ESL) have been assigned an average rating of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $99.43.

Several equities research analysts have weighed in on ESL shares. TheStreet raised shares of Esterline Technologies from a “c” rating to a “b-” rating in a research report on Monday, July 30th. Jefferies Financial Group reissued a “hold” rating and set a $92.00 price target on shares of Esterline Technologies in a research report on Friday, August 3rd. Canaccord Genuity increased their price target on shares of Esterline Technologies from $76.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, August 3rd. Credit Suisse Group increased their price target on shares of Esterline Technologies from $63.00 to $66.00 and gave the company an “underperform” rating in a research report on Tuesday, August 7th. Finally, ValuEngine upgraded shares of Esterline Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 14th.

Shares of ESL opened at $117.43 on Thursday. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 2.65 and a beta of 0.65. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.24 and a quick ratio of 2.12. Esterline Technologies has a twelve month low of $67.15 and a twelve month high of $119.07.

Esterline Technologies (NYSE:ESL) last announced its quarterly earnings results on Tuesday, November 20th. The aerospace company reported $1.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.49. The business had revenue of $535.30 million during the quarter, compared to analysts’ expectations of $534.09 million. Esterline Technologies had a net margin of 3.45% and a return on equity of 6.85%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.27 EPS. As a group, equities research analysts forecast that Esterline Technologies will post 4.66 EPS for the current fiscal year.

In other Esterline Technologies news, major shareholder Pacific Advisors Lp First sold 99,629 shares of the company’s stock in a transaction on Thursday, October 25th. The shares were sold at an average price of $117.45, for a total value of $11,701,426.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Fpa Funds Trust sold 110,935 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $117.52, for a total transaction of $13,037,081.20. The disclosure for this sale can be found here. Insiders sold a total of 213,986 shares of company stock valued at $25,140,045 over the last 90 days. Company insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Riverhead Capital Management LLC increased its stake in shares of Esterline Technologies by 13.3% in the 3rd quarter. Riverhead Capital Management LLC now owns 4,253 shares of the aerospace company’s stock worth $387,000 after acquiring an additional 500 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Esterline Technologies by 2.7% in the 3rd quarter. Mutual of America Capital Management LLC now owns 22,496 shares of the aerospace company’s stock worth $2,046,000 after acquiring an additional 584 shares in the last quarter. Retirement Systems of Alabama increased its stake in shares of Esterline Technologies by 2.1% in the 3rd quarter. Retirement Systems of Alabama now owns 34,244 shares of the aerospace company’s stock worth $3,114,000 after acquiring an additional 710 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Esterline Technologies by 193.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,172 shares of the aerospace company’s stock worth $100,000 after acquiring an additional 772 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Esterline Technologies by 4.6% in the 3rd quarter. Arizona State Retirement System now owns 18,815 shares of the aerospace company’s stock worth $1,711,000 after acquiring an additional 836 shares in the last quarter. Institutional investors and hedge funds own 95.73% of the company’s stock.

Esterline Technologies Company Profile

Esterline Technologies Corporation designs, manufactures, and markets engineered products and systems primarily for aerospace and defense customers in the United States and internationally. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials. The Avionics & Controls segment offers global positioning systems, head-up displays, enhanced vision systems, and electronic flight management systems for control and display applications; lighted push-button and rotary switches, keyboards, lighted indicators, panels, and displays; and control sticks, grips, wheels, and switching systems.

Further Reading: What is insider trading?

Analyst Recommendations for Esterline Technologies (NYSE:ESL)

Receive News & Ratings for Esterline Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Esterline Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply