Esterline Technologies Price Target Increased to $134.00 by Analysts at Jefferies Group (ESL)
Investment analysts at Jefferies Group raised their target price on shares of Esterline Technologies (NYSE:ESL) from $118.00 to $134.00 in a note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 10.31% from the company’s current price.
ESL has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity upgraded shares of Esterline Technologies from a “hold” rating to a “buy” rating in a research note on Friday. They now have a $138.00 price target on the stock, up previously from $112.00. Separately, analysts at DA Davidson raised their price target on shares of Esterline Technologies from $115.00 to $120.00 in a research note on Friday, May 30th. They now have a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Esterline Technologies presently has an average rating of “Hold” and a consensus price target of $117.02.
Esterline Technologies (NYSE:ESL) traded down 0.85% during mid-day trading on Monday, hitting $120.45. 107,273 shares of the company’s stock traded hands. Esterline Technologies has a 52 week low of $69.16 and a 52 week high of $122.52. The stock has a 50-day moving average of $111.6 and a 200-day moving average of $105.8. The company has a market cap of $3.851 billion and a price-to-earnings ratio of 22.82.
Esterline Technologies (NYSE:ESL) last announced its earnings results on Thursday, May 29th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by $0.17. The company had revenue of $529.60 million for the quarter, compared to the consensus estimate of $521.48 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts expect that Esterline Technologies will post $5.64 EPS for the current fiscal year.
Esterline Technologies Corporation (NYSE:ESL) is a manufacturing company serving aerospace and defense customers.
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