Finally Time To Buy Shares of Esterline (NYSE:ESL)? Barclays Has Upgraded The Company With a $123 Target

Esterline Technologies Corporation (NYSE:ESL) Logo

Investors sentiment decreased to 0.92 in Q2 2018. Its down 0.26, from 1.18 in 2018Q1. It fall, as 19 investors sold Esterline Technologies Corporation shares while 68 reduced holdings. 28 funds opened positions while 52 raised stakes. 27.28 million shares or 0.20% less from 27.33 million shares in 2018Q1 were reported.

Perkins Coie Trust stated it has 0.07% in Esterline Technologies Corporation (NYSE:ESL). Moreover, M&T State Bank has 0% invested in Esterline Technologies Corporation (NYSE:ESL). Rice Hall James And Associates Lc has invested 0.21% in Esterline Technologies Corporation (NYSE:ESL). Voya Investment Ltd Llc, a Georgia-based fund reported 264,124 shares. Advisory Rech owns 359,177 shares for 0.42% of their portfolio. Financial Bank Of Montreal Can holds 20,664 shares or 0% of its portfolio. Axa holds 11,900 shares. Sg Americas Secs Limited Liability Co holds 0.01% or 10,613 shares in its portfolio. Fmr Ltd Company owns 15,371 shares or 0% of their US portfolio. Dowling And Yahnke Limited Liability Company invested 0.02% in Esterline Technologies Corporation (NYSE:ESL). Morgan Stanley reported 329,381 shares or 0.01% of all its holdings. Snyder Capital Mngmt Limited Partnership reported 1.49% of its portfolio in Esterline Technologies Corporation (NYSE:ESL). Pnc Fincl Services Grp owns 1,381 shares. Washington Trust Financial Bank stated it has 2,573 shares. Victory Capital Mgmt holds 868,589 shares.

Since July 2, 2018, it had 0 insider purchases, and 3 sales for $26.04 million activity.

Esterline (NYSE:ESL) Stock Upgrade

Stock analysts at Barclays’s equity research division boosted the rating on shares of Esterline (NYSE:ESL) from a Underweight to a Equal Weight earlier today. The analysts now have a $123 PT on ESL or a 1.47 % upside.

Esterline Technologies Corporation (NYSE:ESL) Ratings Coverage

Among 3 analysts covering Esterline Technologies (NYSE:ESL), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Esterline Technologies has $122.5 highest and $66 lowest target. $122.50’s average target is 1.06% above currents $121.22 stock price. Esterline Technologies had 5 analyst reports since August 3, 2018 according to SRatingsIntel. On Wednesday, November 21 the stock rating was maintained by Canaccord Genuity with “Hold”. The stock has “Hold” rating by Jefferies on Wednesday, November 21. On Tuesday, August 7 the stock rating was maintained by Credit Suisse with “Underperform”. The stock of Esterline Technologies Corporation (NYSE:ESL) has “Hold” rating given on Friday, August 3 by Canaccord Genuity. The company was upgraded on Thursday, October 11 by Credit Suisse.

The stock increased 0.26% or $0.31 during the last trading session, reaching $121.22. About 683,323 shares traded or 27.54% up from the average. Esterline Technologies Corporation (NYSE:ESL) has risen 0.58% since December 4, 2017 and is uptrending. It has underperformed by 15.04% the S&P500.

Analysts await Esterline Technologies Corporation (NYSE:ESL) to report earnings on February, 7. They expect $0.85 EPS, up 73.47 % or $0.36 from last year’s $0.49 per share. ESL’s profit will be $25.07M for 35.65 P/E if the $0.85 EPS becomes a reality. After $1.87 actual EPS reported by Esterline Technologies Corporation for the previous quarter, Wall Street now forecasts -54.55 % negative EPS growth.

Esterline Technologies Corporation designs, makes, and markets engineered products and systems primarily for aerospace and defense clients in the United States and internationally. The company has market cap of $3.58 billion. It operates through three divisions: Avionics & Controls, Sensors & Systems, and Advanced Materials. It has a 51.76 P/E ratio. 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.

More notable recent Esterline Technologies Corporation (NYSE:ESL) news were published by: Streetinsider.com which released: “Esterline Technologies (ESL) is Exploring a Sale – WSJ – StreetInsider.com” on July 20, 2018, also Fool.com with their article: “TransDigm’s Latest $4 Billion Deal: The Benefits and the Risks – The Motley Fool” published on October 13, 2018, Seekingalpha.com published: “Esterline Technologies: Limited Upside – Seeking Alpha” on June 11, 2018. More interesting news about Esterline Technologies Corporation (NYSE:ESL) were released by: Businesswire.com and their article: “TEGNA Foundation Community Grants Serve the Greater Good in Local Communities – Business Wire” published on November 28, 2018 as well as Bizjournals.com‘s news article titled: “Some landlords want a Sears liquidation, irking chairman and his hedge fund – New York Business Journal” with publication date: November 15, 2018.

Esterline Technologies Corporation (NYSE:ESL) Institutional Positions Chart

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