Esterline Technologies (ESL) PT Raised to $75.00

Esterline Technologies (NYSE:ESL) had its target price increased by investment analysts at Bank of America from $70.00 to $75.00 in a research report issued to clients and investors on Tuesday. The firm presently has an “underperform” rating on the aerospace company’s stock. Bank of America’s target price suggests a potential upside of 10.05% from the stock’s current price.

Several other research firms have also commented on ESL. Credit Suisse Group lowered shares of Esterline Technologies from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. SunTrust Banks downgraded shares of Esterline Technologies from a “buy” rating to a “hold” rating and set a $106.00 target price on the stock. in a research note on Friday, November 10th. ValuEngine raised shares of Esterline Technologies from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Canaccord Genuity reaffirmed a “hold” rating on shares of Esterline Technologies in a research note on Friday, October 13th. Finally, Zacks Investment Research upgraded shares of Esterline Technologies from a “sell” rating to a “hold” rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $79.71.

Shares of Esterline Technologies (NYSE:ESL) traded down $1.55 on Tuesday, hitting $68.15. 102,175 shares of the stock traded hands, compared to its average volume of 239,454. Esterline Technologies has a 52-week low of $67.80 and a 52-week high of $102.70. The stock has a market cap of $2,257.37, a PE ratio of 31.34, a PEG ratio of 1.65 and a beta of 1.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.46 and a quick ratio of 2.11.

Esterline Technologies (NYSE:ESL) last posted its earnings results on Thursday, February 1st. The aerospace company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The company had revenue of $482.30 million during the quarter, compared to analysts’ expectations of $459.38 million. Esterline Technologies had a net margin of 3.31% and a return on equity of 6.89%. Esterline Technologies’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. equities analysts expect that Esterline Technologies will post 3.84 earnings per share for the current fiscal year.

In other news, Chairman Curtis C. Reusser purchased 2,900 shares of the stock in a transaction on Tuesday, November 14th. The stock was bought at an average price of $70.00 per share, for a total transaction of $203,000.00. Following the acquisition, the chairman now directly owns 39,199 shares of the company’s stock, valued at approximately $2,743,930. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Hawkeye Fund Fpa sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $75.63, for a total transaction of $453,780.00. The disclosure for this sale can be found here. Insiders purchased 6,800 shares of company stock valued at $479,015 in the last 90 days. Company insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Crossmark Global Holdings Inc. lifted its holdings in Esterline Technologies by 54.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,137 shares of the aerospace company’s stock worth $384,000 after buying an additional 1,813 shares during the period. Alps Advisors Inc. bought a new position in shares of Esterline Technologies in the fourth quarter valued at approximately $375,000. American Century Companies Inc. grew its holdings in shares of Esterline Technologies by 4,287.4% in the fourth quarter. American Century Companies Inc. now owns 242,359 shares of the aerospace company’s stock valued at $18,104,000 after acquiring an additional 236,835 shares in the last quarter. Dowling & Yahnke LLC bought a new position in shares of Esterline Technologies in the fourth quarter valued at approximately $217,000. Finally, Teton Advisors Inc. bought a new position in shares of Esterline Technologies in the fourth quarter valued at approximately $331,000. Institutional investors own 92.59% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://www.americanbankingnews.com/2018/02/06/esterline-technologies-esl-pt-raised-to-75-00.html.

About Esterline Technologies

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.

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