Esterline Technologies Corp. (ESL) PT Raised to $92.00 at Jefferies Group
Esterline Technologies Corp. (NYSE:ESL) had its price target hoisted by analysts at Jefferies Group from $87.00 to $92.00 in a research report issued on Friday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective indicates a potential upside of 9.79% from the company’s previous close.
A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Esterline Technologies Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, October 19th. Drexel Hamilton upgraded shares of 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. Finally, Canaccord Genuity restated a “hold” rating and set a $70.00 target price on shares of Esterline Technologies Corp. in a research note on Tuesday, November 8th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $81.17.
Esterline Technologies Corp. (NYSE:ESL) opened at 83.80 on Friday. Esterline Technologies Corp. has a 52 week low of $45.12 and a 52 week high of $96.44. The company has a market capitalization of $2.46 billion, a PE ratio of 24.52 and a beta of 1.33. The stock’s 50 day moving average price is $74.00 and its 200-day moving average price is $69.44.
Esterline Technologies Corp. (NYSE:ESL) last released its earnings results on Thursday, November 10th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.36. Esterline Technologies Corp. had a net margin of 5.10% and a return on equity of 9.23%. The company had revenue of $543.80 million for the quarter, compared to analysts’ expectations of $522.13 million. During the same quarter in the previous year, the company earned $1.33 EPS. Esterline Technologies Corp.’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities research analysts predict that Esterline Technologies Corp. will post $4.76 earnings per share for the current fiscal year.
In other news, EVP Albert S. Yost sold 10,800 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were 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 currently owned by company insiders.
Several hedge funds have recently bought and sold shares of ESL. Magnetar Financial LLC increased its stake in Esterline Technologies Corp. by 1.0% in the first quarter. Magnetar Financial LLC now owns 4,583 shares of the company’s stock worth $294,000 after buying an additional 44 shares during the period. LS Investment Advisors LLC increased its stake in Esterline Technologies Corp. by 5.6% in the third quarter. LS Investment Advisors LLC now owns 1,915 shares of the company’s stock worth $146,000 after buying an additional 101 shares during the period. 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. Advisors Asset Management Inc. increased its stake in Esterline Technologies Corp. by 1.2% in the third quarter. Advisors Asset Management Inc. now owns 14,065 shares of the company’s stock worth $1,070,000 after buying an additional 161 shares during the period. Finally, Ameritas Investment Partners Inc. increased its stake in Esterline Technologies Corp. by 2.6% in the second quarter. Ameritas Investment Partners Inc. now owns 6,942 shares of the company’s stock worth $431,000 after buying an additional 178 shares during the period. Hedge funds and other institutional investors own 88.19% 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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