In a report released yesterday, Sheila Kahyaoglu from Jefferies reiterated a Hold rating on Esterline Techs (NYSE: ESL), with a price target of $92. The company’s shares closed yesterday at $84.05.
According to TipRanks.com, Kahyaoglu is a 4-star analyst with an average return of 5.8% and a 67.7% success rate. Kahyaoglu covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Transdigm Group Inc, and L3 Technologies Inc.
Esterline Techs has an analyst consensus of Hold, with a price target consensus of $83.75, implying a -0.4% downside from current levels. In a report issued on July 22, Canaccord Genuity also maintained a Hold rating on the stock with a $76 price target.
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Based on Esterline Techs’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $27.82 million. In comparison, last year the company had a net profit of $30.87 million.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock.
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Esterline Technologies Corp. engages in the manufacture of aircraft parts and components, automated drilling products and machine tool systems. It operates through the following segments: Avionics & Controls; Sensors & Systems; and Advanced Materials.
