Shares of Esterline Technologies Co. (NYSE:ESL) saw strong trading volume on Thursday . 103,095 shares traded hands during trading, a decline of 54% from the previous session’s volume of 224,529 shares.The stock last traded at $115.47 and had previously closed at $115.41.
A number of analysts recently weighed in on the stock. Credit Suisse Group upgraded shares of Esterline Technologies from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $66.00 to $122.50 in a report on Thursday. Alembic Global Advisors assumed coverage on shares of Esterline Technologies in a report on Friday, October 5th. They set an “overweight” rating for the company. ValuEngine upgraded shares of Esterline Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 14th. Canaccord Genuity raised their target price on shares of Esterline Technologies from $76.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, August 3rd. Finally, Jefferies Financial Group restated a “hold” rating and set a $92.00 target price on shares of Esterline Technologies in a report on Friday, August 3rd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have given 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.
The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.12 and a current ratio of 3.39. The stock has a market cap of $2.68 billion, a P/E ratio of 26.70, a P/E/G ratio of 2.15 and a beta of 1.21.
Large investors have recently modified their holdings of the stock. CHICAGO TRUST Co NA purchased a new stake in shares of Esterline Technologies in the 3rd quarter valued at approximately $240,000. Hartford Investment Management Co. purchased a new stake in shares of Esterline Technologies in the 2nd quarter valued at approximately $208,000. Bayesian Capital Management LP purchased a new stake in Esterline Technologies in the 1st quarter worth approximately $291,000. First Washington CORP purchased a new stake in Esterline Technologies in the 2nd quarter worth approximately $306,000. Finally, Northwestern Mutual Investment Management Company LLC lifted its position in Esterline Technologies by 54.9% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 5,352 shares of the aerospace company’s stock worth $391,000 after buying an additional 1,896 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.
About Esterline Technologies (NYSE:ESL)
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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