Esterline Technologies Stock Rating Reaffirmed by Credit Suisse (ESL)
Esterline Technologies (NYSE:ESL)‘s stock had its “outperform” rating reissued by stock analysts at Credit Suisse in a report issued on Friday. They currently have a $131.00 target price on the stock, up from their previous target price of $125.00. Credit Suisse’s price objective would suggest a potential upside of 11.67% from the stock’s previous close.
Shares of Esterline Technologies (NYSE:ESL) traded down 1.82% during mid-day trading on Friday, hitting $115.1716. The stock had a trading volume of 65,994 shares. Esterline Technologies has a one year low of $76.00 and a one year high of $122.52. The stock’s 50-day moving average is $113.8 and its 200-day moving average is $110.9. The company has a market cap of $3.682 billion and a price-to-earnings ratio of 22.04.
Esterline Technologies (NYSE:ESL) last issued its quarterly earnings data on Thursday, September 4th. The company reported $1.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.40 by $0.02. The company had revenue of $531.12 million for the quarter, compared to the consensus estimate of $516.60 million. During the same quarter in the prior year, the company posted $1.65 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis.
ESL has been the subject of a number of other recent research reports. 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Esterline Technologies has a consensus rating of “Buy” and an average price target of $120.71.
Esterline Technologies Corporation (NYSE:ESL) is a manufacturing company serving aerospace and defense customers.
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