Esterline Technologies Corporation (ESL) Stock Rating Lowered by ValuEngine
ValuEngine downgraded shares of Esterline Technologies Corporation (NYSE:ESL) from a buy rating to a hold rating in a research report sent to investors on Thursday.
ESL has been the subject of several other research reports. Goldman Sachs Group, Inc. (The) lowered Esterline Technologies Corporation from a neutral rating to a sell rating and dropped their price target for the stock from $86.00 to $75.00 in a research note on Thursday, August 10th. Jefferies Group LLC reissued a hold rating and issued a $90.00 target price (down previously from $92.00) on shares of Esterline Technologies Corporation in a research note on Wednesday, August 9th. Seaport Global Securities initiated coverage on Esterline Technologies Corporation in a research note on Tuesday, September 12th. They issued a neutral rating and a $93.00 target price for the company. Canaccord Genuity boosted their target price on Esterline Technologies Corporation from $90.00 to $92.00 and gave the company a hold rating in a research note on Friday, August 4th. Finally, Credit Suisse Group lowered Esterline Technologies Corporation from an outperform rating to a neutral rating and lowered their target price for the company from $106.00 to $100.00 in a research note on Friday, August 4th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The company has an average rating of Hold and an average price target of $92.33.
Esterline Technologies Corporation (ESL) traded down $18.79 during trading on Thursday, reaching $70.60. The company had a trading volume of 1,042,400 shares, compared to its average volume of 154,247. Esterline Technologies Corporation has a twelve month low of $69.35 and a twelve month high of $102.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.03 and a current ratio of 3.25. The stock has a market capitalization of $2,116.23, a PE ratio of 16.16, a price-to-earnings-growth ratio of 1.28 and a beta of 1.54.
Esterline Technologies Corporation (NYSE:ESL) last posted its earnings results on Thursday, November 9th. The aerospace company reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.26). Esterline Technologies Corporation had a return on equity of 7.68% and a net margin of 5.86%. The business had revenue of $531.50 million for the quarter, compared to analysts’ expectations of $540.55 million. During the same quarter in the previous year, the firm earned $1.96 earnings per share. Esterline Technologies Corporation’s quarterly revenue was down 2.3% compared to the same quarter last year. equities research analysts predict that Esterline Technologies Corporation will post 4.96 EPS for the current year.
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In other Esterline Technologies Corporation news, major shareholder First Pacific Advisors, Llc sold 8,931 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $95.21, for a total transaction of $850,320.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder J Richard Atwood sold 173,979 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $95.24, for a total value of $16,569,759.96. The disclosure for this sale can be found here. Insiders have sold a total of 269,911 shares of company stock valued at $25,692,702 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the business. Janney Capital Management LLC grew its holdings in shares of Esterline Technologies Corporation by 0.3% during the 2nd quarter. Janney Capital Management LLC now owns 4,515 shares of the aerospace company’s stock worth $428,000 after acquiring an additional 15 shares during the period. Stephens Inc. AR grew its holdings in shares of Esterline Technologies Corporation by 0.4% during the 2nd quarter. Stephens Inc. AR now owns 3,490 shares of the aerospace company’s stock worth $331,000 after acquiring an additional 15 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Esterline Technologies Corporation by 0.7% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 14,431 shares of the aerospace company’s stock worth $1,368,000 after acquiring an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Esterline Technologies Corporation by 11.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,184 shares of the aerospace company’s stock worth $112,000 after acquiring an additional 120 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Esterline Technologies Corporation by 13.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,092 shares of the aerospace company’s stock worth $104,000 after buying an additional 133 shares during the last quarter. Hedge funds and other institutional investors 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.
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