Esterline Technologies (NYSE:ESL)‘s stock had its “hold” rating reiterated by research analysts at SunTrust Banks in a research report issued to clients and investors on Tuesday. They currently have a $82.00 price objective on the aerospace company’s stock. SunTrust Banks’ target price indicates a potential upside of 7.54% from the stock’s current price. SunTrust Banks also issued estimates for Esterline Technologies’ FY2018 earnings at $4.04 EPS and FY2019 earnings at $5.50 EPS.
A number of other analysts also recently weighed in on the company. Jefferies Group restated a “hold” rating and issued a $83.00 target price on shares of Esterline Technologies in a research report on Monday. ValuEngine upgraded Esterline Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Credit Suisse Group restated a “neutral” rating and issued a $70.00 target price (down previously from $100.00) on shares of Esterline Technologies in a research report on Tuesday, December 12th. Canaccord Genuity restated a “hold” rating and issued a $78.00 target price on shares of Esterline Technologies in a research report on Monday, November 27th. Finally, Drexel Hamilton downgraded Esterline Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $80.17.
Shares of Esterline Technologies (NYSE:ESL) opened at $76.25 on Tuesday. The firm has a market capitalization of $2,270.00, a P/E ratio of 18.37, a P/E/G ratio of 1.61 and a beta of 1.43. Esterline Technologies has a 12-month low of $68.30 and a 12-month high of $102.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.25 and a quick ratio of 2.03.
In related news, Director Delores M. Etter acquired 1,000 shares of the stock in a transaction on Thursday, December 14th. The stock was purchased at an average price of $72.13 per share, for a total transaction of $72,130.00. Following the completion of the transaction, the director now owns 13,627 shares of the company’s stock, valued at approximately $982,915.51. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Curtis C. Reusser acquired 2,900 shares of the stock in a transaction on Tuesday, November 14th. The stock was bought at an average price of $70.00 per share, with a total value of $203,000.00. Following the transaction, the chairman now directly owns 39,199 shares of the company’s stock, valued at approximately $2,743,930. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 6,800 shares of company stock valued at $479,015 and sold 268,290 shares valued at $25,452,666. Insiders own 1.30% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. California Public Employees Retirement System lifted its position in Esterline Technologies by 1.5% in the third quarter. California Public Employees Retirement System now owns 83,065 shares of the aerospace company’s stock valued at $7,488,000 after purchasing an additional 1,265 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Esterline Technologies by 83.9% during the third quarter. Cubist Systematic Strategies LLC now owns 14,931 shares of the aerospace company’s stock valued at $1,346,000 after acquiring an additional 6,813 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Esterline Technologies during the third quarter valued at approximately $1,037,000. Jane Street Group LLC bought a new position in shares of Esterline Technologies during the third quarter valued at approximately $470,000. Finally, Fiduciary Management Inc. WI raised its holdings in shares of Esterline Technologies by 6.6% during the third quarter. Fiduciary Management Inc. WI now owns 1,037,564 shares of the aerospace company’s stock valued at $93,536,000 after acquiring an additional 64,608 shares in the last quarter. Hedge funds and other institutional investors own 92.00% of the company’s stock.
TRADEMARK VIOLATION WARNING: This piece of content was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://sportsperspectives.com/2018/01/11/suntrust-banks-reaffirms-hold-rating-for-esterline-technologies-esl.html.
Esterline Technologies 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.
Receive News & Ratings for Esterline Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Esterline Technologies and related companies with MarketBeat.com's FREE daily email newsletter.