Does Esterline Techs (NYSE:ESL) Look Attractive Now? Seaport Global Initiates Coverage

September 17, 2017 - By Peter Erickson

 Does Esterline Techs (NYSE:ESL) Look Attractive Now? Seaport Global Initiates Coverage

Investors sentiment increased to 1.56 in Q4 2016. Its up 0.12, from 1.44 in 2016Q3. It is positive, as 12 investors sold Esterline Technologies Corporation shares while 52 reduced holdings. 27 funds opened positions while 73 raised stakes. 25.96 million shares or 0.60% more from 25.80 million shares in 2016Q3 were reported.

Raymond James And Assoc holds 0% in Esterline Technologies Corporation (NYSE:ESL) or 7,169 shares. California State Teachers Retirement Systems invested 0.01% in Esterline Technologies Corporation (NYSE:ESL). Manufacturers Life Insurance The reported 0.01% in Esterline Technologies Corporation (NYSE:ESL). Barrow Hanley Mewhinney & Strauss Ltd Liability Corp invested in 0.01% or 87,215 shares. First Mercantile Tru owns 3,890 shares or 0.05% of their US portfolio. Moreover, Commonwealth Of Pennsylvania School Empls Retrmt Sys has 0.01% invested in Esterline Technologies Corporation (NYSE:ESL) for 4,379 shares. Nomura Asset Management invested in 0% or 1,050 shares. State Of Wisconsin Investment Board stated it has 0.03% in Esterline Technologies Corporation (NYSE:ESL). Rhumbline Advisers holds 0.01% of its portfolio in Esterline Technologies Corporation (NYSE:ESL) for 66,300 shares. Blackrock Group Inc accumulated 24,102 shares. 14,007 were reported by Gotham Asset Management Ltd. Mason Street Advisors Lc holds 0.03% or 13,803 shares. Pillar Pacific Ltd Liability accumulated 3,400 shares. M&T Financial Bank owns 9,750 shares for 0.01% of their portfolio. Ameritas Investment Prtnrs Inc invested in 0.05% or 11,510 shares.

Since April 4, 2017, it had 0 buys, and 3 selling transactions for $3.31 million activity. 6,700 shares valued at $620,455 were sold by YOST ALBERT S on Friday, May 19. First Pacific Advisors – LLC sold $191,053 worth of Esterline Technologies Corporation (NYSE:ESL) on Tuesday, April 4.

Why Has Seaport Global Given Esterline Techs (NYSE:ESL) a $93.0 Price Target

In an analyst note revealed to investors today, Seaport Global analysts began Esterline Techs (NYSE:ESL) coverage with Hold rating, and a $93.0 TP.

Investors sentiment increased to 1.56 in Q4 2016. Its up 0.12, from 1.44 in 2016Q3. It is positive, as 12 investors sold Esterline Technologies Corporation shares while 52 reduced holdings. 27 funds opened positions while 73 raised stakes. 25.96 million shares or 0.60% more from 25.80 million shares in 2016Q3 were reported.

Raymond James And Assoc holds 0% in Esterline Technologies Corporation (NYSE:ESL) or 7,169 shares. California State Teachers Retirement Systems invested 0.01% in Esterline Technologies Corporation (NYSE:ESL). Manufacturers Life Insurance The reported 0.01% in Esterline Technologies Corporation (NYSE:ESL). Barrow Hanley Mewhinney & Strauss Ltd Liability Corp invested in 0.01% or 87,215 shares. First Mercantile Tru owns 3,890 shares or 0.05% of their US portfolio. Moreover, Commonwealth Of Pennsylvania School Empls Retrmt Sys has 0.01% invested in Esterline Technologies Corporation (NYSE:ESL) for 4,379 shares. Nomura Asset Management invested in 0% or 1,050 shares. State Of Wisconsin Investment Board stated it has 0.03% in Esterline Technologies Corporation (NYSE:ESL). Rhumbline Advisers holds 0.01% of its portfolio in Esterline Technologies Corporation (NYSE:ESL) for 66,300 shares. Blackrock Group Inc accumulated 24,102 shares. 14,007 were reported by Gotham Asset Management Ltd. Mason Street Advisors Lc holds 0.03% or 13,803 shares. Pillar Pacific Ltd Liability accumulated 3,400 shares. M&T Financial Bank owns 9,750 shares for 0.01% of their portfolio. Ameritas Investment Prtnrs Inc invested in 0.05% or 11,510 shares.

Since April 4, 2017, it had 0 buys, and 3 selling transactions for $3.31 million activity. 6,700 shares valued at $620,455 were sold by YOST ALBERT S on Friday, May 19. First Pacific Advisors – LLC sold $191,053 worth of Esterline Technologies Corporation (NYSE:ESL) on Tuesday, April 4.

Esterline Technologies Corporation (NYSE:ESL) Ratings Coverage

Among 12 analysts covering Esterline Techs (NYSE:ESL), 3 have Buy rating, 1 Sell and 8 Hold. Therefore 25% are positive. Esterline Techs has $120 highest and $61 lowest target. $89’s average target is 4.03% above currents $85.55 stock price. Esterline Techs had 30 analyst reports since August 13, 2015 according to SRatingsIntel. The stock of Esterline Technologies Corporation (NYSE:ESL) has “Hold” rating given on Tuesday, September 12 by Seaport Global. SunTrust initiated the stock with “Buy” rating in Thursday, January 19 report. On Monday, May 9 the stock rating was maintained by Goldman Sachs with “Neutral”. Canaccord Genuity maintained Esterline Technologies Corporation (NYSE:ESL) rating on Friday, November 20. Canaccord Genuity has “Buy” rating and $110 target. The company was downgraded on Friday, February 5 by KeyBanc Capital Markets. The stock has “Hold” rating by Canaccord Genuity on Friday, February 5. Credit Suisse upgraded the stock to “Outperform” rating in Monday, January 18 report. As per Friday, February 5, the company rating was downgraded by Wells Fargo. The company was downgraded on Thursday, February 4 by Drexel Hamilton. On Friday, August 4 the stock rating was maintained by Canaccord Genuity with “Hold”.

It closed at $85.55 lastly. It is up 43.50% since September 17, 2016 and is uptrending. It has outperformed by 26.80% the S&P500.

Analysts expect Esterline Technologies Corporation (NYSE:ESL) to report $1.53 EPS on November, 9.They anticipate $0.43 EPS change or 21.94 % from last quarter’s $1.96 EPS. ESL’s profit would be $45.78M giving it 13.98 P/E if the $1.53 EPS is correct. After having $1.08 EPS previously, Esterline Technologies Corporation’s analysts see 41.67 % EPS growth.

Esterline Technologies Corporation is a specialized manufacturing company. The company has market cap of $2.56 billion. The Firm designs, makes and markets engineered products and systems for application within the industries it serves. It has a 18.25 P/E ratio. The Firm operates through three divisions: Avionics & Controls, Sensors & Systems, and Advanced Materials.

More notable recent Esterline Technologies Corporation (NYSE:ESL) news were published by: Investorplace.com which released: “Esterline Technologies Corporation (ESL) Leads 10 Notable Investor Filings” on May 03, 2017, also Seekingalpha.com with their article: “Esterline Technologies (ESL) Q3 2017 Results – Earnings Call Transcript” published on August 04, 2017, Nasdaq.com published: “Esterline Technologies (ESL) Shares Cross Below 200 DMA” on August 04, 2017. More interesting news about Esterline Technologies Corporation (NYSE:ESL) were released by: Seekingalpha.com and their article: “Esterline Technologies (ESL) Q2 2017 Results – Earnings Call Transcript” published on May 05, 2017 as well as Seekingalpha.com‘s news article titled: “Time To Fly With Esterline Technologies” with publication date: February 06, 2017.

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