Esterline Technologies (NYSE:ESL) was upgraded by equities researchers at Credit Suisse Group from an “underperform” rating to a “neutral” rating in a report issued on Thursday, The Fly reports. The firm presently has a $122.50 target price on the aerospace company’s stock, up from their previous target price of $66.00. Credit Suisse Group’s price objective would suggest a potential upside of 6.14% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. ValuEngine upgraded shares of Esterline Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 14th. Zacks Investment Research lowered shares of Esterline Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. Wells Fargo & Co restated a “market perform” rating and set a $95.00 price target (up previously from $84.00) on shares of Esterline Technologies in a report on Monday, July 23rd. Canaccord Genuity boosted their price target on shares of Esterline Technologies from $76.00 to $85.00 and gave the company a “hold” rating in a report on Friday, August 3rd. Finally, TheStreet upgraded shares of Esterline Technologies from a “c” rating to a “b-” rating in a report on Monday, July 30th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Esterline Technologies presently has a consensus rating of “Hold” and an average target price of $88.94.

ESL stock opened at $115.41 on Thursday. Esterline Technologies has a 52-week low of $67.15 and a 52-week high of $116.00. The company has a current ratio of 3.39, a quick ratio of 2.12 and a debt-to-equity ratio of 0.41. The company has a market cap of $2.68 billion, a PE ratio of 26.47, a PEG ratio of 2.15 and a beta of 1.21.

Esterline Technologies (NYSE:ESL) last released its quarterly earnings results on Thursday, August 2nd. The aerospace company reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.15. Esterline Technologies had a net margin of 2.62% and a return on equity of 5.91%. The business had revenue of $499.90 million for the quarter, compared to analyst estimates of $476.01 million. During the same quarter in the previous year, the business earned $1.08 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. Equities research analysts anticipate that Esterline Technologies will post 3.73 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in ESL. Wells Fargo & Company MN increased its stake in Esterline Technologies by 4.3% in the 1st quarter. Wells Fargo & Company MN now owns 148,808 shares of the aerospace company’s stock valued at $10,885,000 after buying an additional 6,182 shares during the period. Russell Investments Group Ltd. increased its stake in Esterline Technologies by 45.7% in the 1st quarter. Russell Investments Group Ltd. now owns 39,440 shares of the aerospace company’s stock valued at $2,885,000 after buying an additional 12,370 shares during the period. Sei Investments Co. increased its stake in Esterline Technologies by 9.7% in the 1st quarter. Sei Investments Co. now owns 12,503 shares of the aerospace company’s stock valued at $914,000 after buying an additional 1,101 shares during the period. Principal Financial Group Inc. increased its stake in Esterline Technologies by 6.8% in the 1st quarter. Principal Financial Group Inc. now owns 388,543 shares of the aerospace company’s stock valued at $28,422,000 after buying an additional 24,605 shares during the period. Finally, Baird Financial Group Inc. increased its stake in Esterline Technologies by 19.5% in the 1st quarter. Baird Financial Group Inc. now owns 18,564 shares of the aerospace company’s stock valued at $1,358,000 after buying an additional 3,030 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

About Esterline Technologies

Esterline Technologies Corporation designs, manufactures, and markets engineered products and systems primarily for aerospace and defense customers in the United States and internationally. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials. The Avionics & Controls segment offers global positioning systems, head-up displays, enhanced vision systems, and electronic flight management systems for control and display applications; lighted push-button and rotary switches, keyboards, lighted indicators, panels, and displays; and control sticks, grips, wheels, and switching systems.

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Analyst Recommendations for Esterline Technologies (NYSE:ESL)

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