Shares of Esterline Technologies Co. (NYSE:ESL) have been given a consensus recommendation of “Hold” by the eleven research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $99.43.

Several analysts recently weighed in on the stock. Jefferies Financial Group set a $123.00 price objective on shares of Esterline Technologies and gave the company a “hold” rating in a research report on Wednesday. ValuEngine upgraded shares of Esterline Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Canaccord Genuity lifted their price objective on shares of Esterline Technologies from $85.00 to $122.50 and gave the company a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Esterline Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Credit Suisse Group upgraded shares of Esterline Technologies from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $66.00 to $122.50 in a research report on Thursday, October 11th.

Shares of NYSE:ESL opened at $117.48 on Thursday. The stock has a market capitalization of $3.44 billion, a P/E ratio of 28.17, a PEG ratio of 2.63 and a beta of 0.65. Esterline Technologies has a fifty-two week low of $67.15 and a fifty-two week high of $119.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.12 and a current ratio of 3.39.

Esterline Technologies (NYSE:ESL) last issued its quarterly earnings data on Tuesday, November 20th. The aerospace company reported $1.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.49. The firm had revenue of $535.30 million for the quarter, compared to the consensus estimate of $534.09 million. Esterline Technologies had a net margin of 3.45% and a return on equity of 6.90%. Esterline Technologies’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $1.27 EPS. On average, research analysts expect that Esterline Technologies will post 4.66 earnings per share for the current fiscal year.

In other Esterline Technologies news, major shareholder Fpa Funds Trust sold 110,935 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $117.52, for a total transaction of $13,037,081.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Pacific Advisors Lp First sold 3,422 shares of the firm’s stock in a transaction dated Tuesday, October 23rd. The shares were sold at an average price of $117.34, for a total transaction of $401,537.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 213,986 shares of company stock worth $25,140,045. 1.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC increased its stake in Esterline Technologies by 13.3% during the 3rd quarter. Riverhead Capital Management LLC now owns 4,253 shares of the aerospace company’s stock valued at $387,000 after buying an additional 500 shares during the period. Mutual of America Capital Management LLC increased its stake in Esterline Technologies by 2.7% during the 3rd quarter. Mutual of America Capital Management LLC now owns 22,496 shares of the aerospace company’s stock valued at $2,046,000 after buying an additional 584 shares during the period. Retirement Systems of Alabama increased its stake in Esterline Technologies by 2.1% during the 3rd quarter. Retirement Systems of Alabama now owns 34,244 shares of the aerospace company’s stock valued at $3,114,000 after buying an additional 710 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Esterline Technologies by 193.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,172 shares of the aerospace company’s stock valued at $100,000 after buying an additional 772 shares during the period. Finally, Arizona State Retirement System increased its stake in Esterline Technologies by 4.6% during the 3rd quarter. Arizona State Retirement System now owns 18,815 shares of the aerospace company’s stock valued at $1,711,000 after buying an additional 836 shares during the period. 95.73% of the stock is currently owned by hedge funds and other institutional investors.

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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