Esterline Technologies Corp. (ESL) Stock Rating Reaffirmed by Canaccord Genuity
Esterline Technologies Corp. (NYSE:ESL)‘s stock had its “hold” rating reaffirmed by investment analysts at Canaccord Genuity in a research note issued to investors on Tuesday. They presently have a $70.00 price objective on the stock. Canaccord Genuity’s target price suggests a potential downside of 8.26% from the stock’s current price.
Several other equities analysts have also issued reports on ESL. Zacks Investment Research lowered Esterline Technologies Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Jefferies Group reiterated a “buy” rating and issued a $87.00 target price on shares of Esterline Technologies Corp. in a research note on Friday, August 5th. Finally, Drexel Hamilton upgraded Esterline Technologies Corp. from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Monday, August 15th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $80.33.
Esterline Technologies Corp. (NYSE:ESL) opened at 76.30 on Tuesday. The company has a market capitalization of $2.24 billion, a P/E ratio of 47.22 and a beta of 1.33. Esterline Technologies Corp. has a 1-year low of $45.12 and a 1-year high of $96.44. The firm has a 50-day moving average price of $73.65 and a 200 day moving average price of $69.24.
In related news, EVP Albert S. Yost sold 10,800 shares of Esterline Technologies Corp. stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $76.32, for a total value of $824,256.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the stock. Teachers Advisors Inc. increased its stake in Esterline Technologies Corp. by 0.3% in the first quarter. Teachers Advisors Inc. now owns 51,701 shares of the company’s stock worth $3,312,000 after buying an additional 148 shares during the period. BlackRock Inc. increased its stake in Esterline Technologies Corp. by 6.6% in the first quarter. BlackRock Inc. now owns 12,147 shares of the company’s stock worth $778,000 after buying an additional 751 shares during the period. BlackRock Group LTD increased its stake in Esterline Technologies Corp. by 22.7% in the first quarter. BlackRock Group LTD now owns 20,308 shares of the company’s stock worth $1,301,000 after buying an additional 3,762 shares during the period. State Street Corp increased its stake in Esterline Technologies Corp. by 1.4% in the first quarter. State Street Corp now owns 1,005,140 shares of the company’s stock worth $64,400,000 after buying an additional 13,940 shares during the period. Finally, UBS Group AG increased its stake in Esterline Technologies Corp. by 5.4% in the first quarter. UBS Group AG now owns 21,380 shares of the company’s stock worth $1,370,000 after buying an additional 1,093 shares during the period. Hedge funds and other institutional investors own 87.76% of the company’s stock.
Esterline Technologies Corp. 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. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials.
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