Esterline Technologies Corporation (NYSE:ESL) has been given an average recommendation of “Hold” by the eight research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $92.60.

Several brokerages have recently issued reports on ESL. Zacks Investment Research upgraded Esterline Technologies Corporation from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research report on Monday, May 8th. Jefferies Group LLC reiterated a “hold” rating and set a $92.00 price target on shares of Esterline Technologies Corporation in a research report on Tuesday, July 25th. BidaskClub upgraded Esterline Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Canaccord Genuity reiterated a “hold” rating and set a $90.00 price target on shares of Esterline Technologies Corporation in a research report on Thursday, June 22nd. Finally, ValuEngine cut Esterline Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 18th.

In related news, major shareholder Hawkeye Fund Fpa sold 7,770 shares of Esterline Technologies Corporation stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $96.50, for a total value of $749,805.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.40% of the company’s stock.

Several institutional investors have recently modified their holdings of ESL. PNC Financial Services Group Inc. boosted its position in shares of Esterline Technologies Corporation by 13.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,092 shares of the aerospace company’s stock worth $104,000 after buying an additional 133 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Esterline Technologies Corporation by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,184 shares of the aerospace company’s stock worth $112,000 after buying an additional 120 shares during the last quarter. Flinton Capital Management LLC boosted its position in shares of Esterline Technologies Corporation by 57.4% in the second quarter. Flinton Capital Management LLC now owns 1,360 shares of the aerospace company’s stock worth $129,000 after buying an additional 496 shares during the last quarter. Pacad Investment Ltd. boosted its position in shares of Esterline Technologies Corporation by 100.0% in the second quarter. Pacad Investment Ltd. now owns 1,800 shares of the aerospace company’s stock worth $171,000 after buying an additional 900 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its position in shares of Esterline Technologies Corporation by 2.9% in the first quarter. LS Investment Advisors LLC now owns 2,104 shares of the aerospace company’s stock worth $181,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.

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Esterline Technologies Corporation (NYSE:ESL) traded down 0.42% during midday trading on Tuesday, reaching $82.10. The company’s stock had a trading volume of 20,420 shares. The stock’s 50 day moving average is $91.70 and its 200 day moving average is $91.27. Esterline Technologies Corporation has a 12-month low of $69.85 and a 12-month high of $102.70. The stock has a market cap of $2.46 billion, a P/E ratio of 18.29 and a beta of 1.43.

Esterline Technologies Corporation (NYSE:ESL) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.30 by $0.22. Esterline Technologies Corporation had a net margin of 6.65% and a return on equity of 9.18%. The business had revenue of $503.80 million during the quarter, compared to analyst estimates of $522.38 million. During the same quarter in the prior year, the business earned $1.38 earnings per share. The firm’s revenue was down 2.6% compared to the same quarter last year. Analysts anticipate that Esterline Technologies Corporation will post $4.65 earnings per share for the current year.

Esterline Technologies Corporation 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.

Analyst Recommendations for Esterline Technologies Corporation (NYSE:ESL)

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