Jefferies analyst Sheila Kahyaoglu reiterated a Hold rating on Esterline Techs (ESL) yesterday and set a price target of $122.50. The company’s shares closed yesterday at $117.48, close to its 52-week high of $119.07.
According to TipRanks.com, Kahyaoglu is a 3-star analyst with an average return of 1.5% and a 49.1% success rate. Kahyaoglu covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Transdigm Group Inc, and L3 Technologies Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Esterline Techs with a $122.50 average price target, representing a 4.3% upside. In a report released yesterday, Canaccord Genuity also maintained a Hold rating on the stock with a $122.50 price target.
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Based on Esterline Techs’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $52.74 million. In comparison, last year the company had a net profit of $29.78 million.
Based on the recent corporate insider activity of 28 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.
