Esterline Technologies Receives Average Rating of “Buy” from Brokerages (NYSE:ESL)
Shares of Esterline Technologies (NYSE:ESL) have received a consensus rating of “Buy” from the nine analysts that are presently covering the company, American Banking News.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $116.29.
Esterline Technologies (NYSE:ESL) traded up 0.24% on Tuesday, hitting $115.925. 21,239 shares of the company’s stock traded hands. Esterline Technologies has a 52 week low of $74.81 and a 52 week high of $122.52. The stock’s 50-day moving average is $113.0 and its 200-day moving average is $109.6. The company has a market cap of $3.706 billion and a price-to-earnings ratio of 21.73.
Esterline Technologies (NYSE:ESL) last released its earnings data on Thursday, May 29th. The company reported $1.14 earnings per share for the quarter, missing the analysts’ 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 $5.63 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs upgraded shares of Esterline Technologies from a “neutral” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $140.00 price target on the stock, up previously from $111.00. Separately, analysts at Drexel Hamilton initiated coverage on shares of Esterline Technologies in a research note on Wednesday, July 16th. They set a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Esterline Technologies from $118.00 to $134.00 in a research note on Monday, June 23rd. They now have a “buy” rating on the stock.
Esterline Technologies Corporation (NYSE:ESL) is a manufacturing company serving aerospace and defense customers.
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