Esterline Technologies Corporation (NYSE:ESL) had its price objective cut by Canaccord Genuity from $92.00 to $90.00 in a report issued on Friday. They currently have a hold rating on the aerospace company’s stock.

ESL has been the topic of a number of other research reports. Jefferies Group LLC restated a hold rating and issued a $92.00 price objective on shares of Esterline Technologies Corporation in a research report on Tuesday, July 25th. SunTrust Banks, Inc. restated a buy rating on shares of Esterline Technologies Corporation in a research report on Thursday, October 12th. Zacks Investment Research cut shares of Esterline Technologies Corporation from a hold rating to a strong sell rating in a research report on Thursday, October 19th. BidaskClub upgraded shares of Esterline Technologies Corporation from a sell rating to a hold rating in a research report on Wednesday, July 19th. Finally, ValuEngine cut shares of Esterline Technologies Corporation from a buy rating to a hold rating in a research report on Thursday. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Esterline Technologies Corporation has a consensus rating of Hold and a consensus target price of $92.33.

Esterline Technologies Corporation (NYSE ESL) traded down $18.79 during trading on Friday, reaching $70.60. 1,042,400 shares of the company’s stock traded hands, compared to its average volume of 154,247. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.25 and a quick ratio of 2.03. The company has a market capitalization of $2,116.23, a P/E ratio of 16.16, a PEG ratio of 1.28 and a beta of 1.54. Esterline Technologies Corporation has a 1-year low of $69.35 and a 1-year high of $102.70.

Esterline Technologies Corporation (NYSE:ESL) last released its quarterly earnings data on Thursday, November 9th. The aerospace company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.26). Esterline Technologies Corporation had a net margin of 5.86% and a return on equity of 7.68%. The firm had revenue of $531.50 million during the quarter, compared to analysts’ expectations of $540.55 million. During the same quarter in the previous year, the firm posted $1.96 EPS. Esterline Technologies Corporation’s revenue was down 2.3% compared to the same quarter last year. analysts predict that Esterline Technologies Corporation will post 4.96 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This news story was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/11/13/canaccord-genuity-trims-esterline-technologies-corporation-esl-target-price-to-90-00.html.

In related news, major shareholder Hawkeye Fund Fpa sold 7,621 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $91.04, for a total transaction of $693,815.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder First Pacific Advisors, Llc sold 8,931 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $95.21, for a total transaction of $850,320.51. The disclosure for this sale can be found here. Insiders have sold 269,911 shares of company stock worth $25,692,702 in the last quarter. 1.40% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings in 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 purchasing an additional 133 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in 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 purchasing an additional 120 shares during the period. Flinton Capital Management LLC grew its holdings in 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 purchasing an additional 496 shares during the period. Pacad Investment Ltd. grew its holdings in 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 purchasing an additional 900 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in Esterline Technologies Corporation in the second quarter worth about $202,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

About Esterline Technologies Corporation

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)

Receive News & Stock Ratings for Esterline Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Esterline Technologies Corporation and related stocks with our FREE daily email newsletter.