Esterline Technologies (NYSE:ESL)‘s stock had its “neutral” rating reiterated by equities researchers at Credit Suisse Group in a research note issued on Tuesday, The Fly reports. They currently have a $70.00 price target on the aerospace company’s stock, down from their prior price target of $100.00. Credit Suisse Group’s target price indicates a potential downside of 1.13% from the company’s previous close.

Other research analysts also recently issued reports about the company. SunTrust Banks reiterated a “buy” rating on shares of Esterline Technologies in a report on Thursday, October 12th. ValuEngine upgraded Esterline Technologies from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Canaccord Genuity reiterated a “hold” rating and issued a $78.00 price target on shares of Esterline Technologies in a report on Monday, November 27th. Drexel Hamilton downgraded Esterline Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Zacks Investment Research upgraded Esterline Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $85.33.

Esterline Technologies (NYSE:ESL) opened at $70.80 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.03 and a current ratio of 3.25. Esterline Technologies has a 12-month low of $68.30 and a 12-month high of $102.70. The stock has a market capitalization of $2,094.41, a P/E ratio of 15.98, a P/E/G ratio of 1.49 and a beta of 1.43.

Esterline Technologies (NYSE:ESL) last issued its quarterly earnings data on Thursday, November 9th. The aerospace company reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.26). The company had revenue of $531.50 million for the quarter, compared to analyst estimates of $540.55 million. Esterline Technologies had a return on equity of 7.68% and a net margin of 5.86%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.96 earnings per share. analysts predict that Esterline Technologies will post 3.85 earnings per share for the current fiscal year.

In related news, Director Nils Larsen acquired 1,450 shares of the stock in a transaction dated Tuesday, November 14th. The stock was bought at an average cost of $70.51 per share, with a total value of $102,239.50. Following the purchase, the director now directly owns 2,690 shares of the company’s stock, valued at $189,671.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Curtis C. Reusser acquired 2,900 shares of the stock in a transaction dated Tuesday, November 14th. The shares were bought at an average cost of $70.00 per share, with a total value of $203,000.00. Following the completion of the purchase, the chairman now directly owns 39,199 shares in the company, valued at $2,743,930. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 5,800 shares of company stock valued at $406,885 and have sold 269,911 shares valued at $25,692,702. 1.40% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System grew its stake in shares of Esterline Technologies by 1.5% during the 3rd quarter. California Public Employees Retirement System now owns 83,065 shares of the aerospace company’s stock valued at $7,488,000 after buying an additional 1,265 shares during the period. Cubist Systematic Strategies LLC boosted its position in Esterline Technologies by 83.9% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 14,931 shares of the aerospace company’s stock worth $1,346,000 after purchasing an additional 6,813 shares during the period. Point72 Asset Management L.P. purchased a new stake in Esterline Technologies during the 3rd quarter worth $1,037,000. Jane Street Group LLC purchased a new stake in Esterline Technologies during the 3rd quarter worth $470,000. Finally, Fiduciary Management Inc. WI boosted its position in Esterline Technologies by 6.6% during the 3rd quarter. Fiduciary Management Inc. WI now owns 1,037,564 shares of the aerospace company’s stock worth $93,536,000 after purchasing an additional 64,608 shares during the period. 91.26% of the stock is owned by institutional investors.

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Esterline Technologies Company Profile

Esterline Technologies Corporation is a specialized manufacturing company. The Company designs, manufactures and markets engineered products and systems for application within the industries it serves. The Company operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials.

The Fly

Analyst Recommendations for Esterline Technologies (NYSE:ESL)

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