Shares of Esterline Technologies Corporation (NYSE:ESL) have earned a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $92.33.

A number of equities analysts have recently commented on ESL shares. Seaport Global Securities started coverage on shares of Esterline Technologies Corporation in a research note on Tuesday, September 12th. They set a “neutral” rating and a $93.00 price objective for the company. Canaccord Genuity increased their price objective on shares of Esterline Technologies Corporation from $90.00 to $92.00 and gave the stock a “hold” rating in a research note on Friday, August 4th. ValuEngine downgraded shares of Esterline Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. SunTrust Banks, Inc. downgraded shares of Esterline Technologies Corporation from a “buy” rating to a “hold” rating and set a $106.00 target price for the company. in a research note on Friday. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Esterline Technologies Corporation from a “neutral” rating to a “sell” rating and cut their target price for the company from $86.00 to $75.00 in a research note on Thursday, August 10th.

Esterline Technologies Corporation (ESL) opened at $70.60 on Friday. The firm has a market cap of $2,116.23, a price-to-earnings ratio of 16.16, a P/E/G ratio of 1.26 and a beta of 1.54. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.22 and a quick ratio of 1.92. Esterline Technologies Corporation has a one year low of $69.35 and a one year high of $102.70.

Esterline Technologies Corporation (NYSE:ESL) last posted its quarterly earnings data on Thursday, November 9th. The aerospace company reported $1.27 EPS for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.26). Esterline Technologies Corporation had a return on equity of 7.90% and a net margin of 5.86%. The business had revenue of $531.50 million for the quarter, compared to analyst estimates of $540.55 million. During the same quarter in the prior year, the company earned $1.96 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. analysts predict that Esterline Technologies Corporation will post 4.96 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Esterline Technologies Corporation (ESL) Receives Consensus Rating of “Hold” from Analysts” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://www.watchlistnews.com/esterline-technologies-corporation-esl-receives-consensus-rating-of-hold-from-analysts/1697812.html.

In other Esterline Technologies Corporation news, major shareholder First Pacific Advisors, Llc sold 8,931 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $95.21, for a total value of $850,320.51. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder J Richard Atwood sold 173,979 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $95.24, for a total transaction of $16,569,759.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 269,911 shares of company stock worth $25,692,702. Insiders own 1.40% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in shares of Esterline Technologies Corporation by 13.9% during 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 increased its holdings in shares of Esterline Technologies Corporation by 11.3% during 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 increased its holdings in shares of Esterline Technologies Corporation by 57.4% during 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. increased its holdings in shares of Esterline Technologies Corporation by 100.0% during 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 bought a new position in shares of Esterline Technologies Corporation during the second quarter worth approximately $202,000. 91.95% of the stock is currently owned by institutional investors.

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)

Receive News & 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 companies with Analyst Ratings Network's FREE daily email newsletter.