Economy

Canaccord Genuity Reaffirms "Hold" Rating for Esterline Technologies Co. (ESL)

Shares of Esterline Technologies Corporation (NYSE:ESL) traded up 0.17% on Wednesday, hitting $88.55.

Esterline Technologies Corporat's P/E ratio is 19.74 and the market cap is 2.66B. It has outperformed by 11.08% the S&P500.

Alliancebernstein L.P. reduced its holdings in Esterline Technologies Corporation (NYSE:ESL) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).

About 131,283 shares traded. Dimensional Fund Advisors LP now owns 2,502,314 shares of the aerospace company's stock valued at $223,209,000 after buying an additional 13,658 shares in the last quarter. The stock rose 0.65% or $0.09 reaching $13.93. About 908,586 shares traded. (NYSE:MNR) has risen 27.78% since September 18, 2016 and is uptrending. It has outperformed by 6.87% the S&P500. Manders Matthew G also sold $990,000 worth of CIGNA Corporation (NYSE:CI) on Friday, June 2. Thrivent For Lutherans owns 5,080 shares. Foundry Prtnrs Ltd Liability Company owns 244,624 shares. They now have a Dollars 106 price target on the stock. Therefore 88% are positive. Esterline Technologies Corporation's revenue was down 2.6% on a year-over-year basis. As per Wednesday, April 19, the company rating was maintained by Jefferies. The firm has "Buy" rating given on Friday, July 29 by Stifel Nicolaus. The firm has "Buy" rating given on Tuesday, August 15 by Cowen & Co. Barrington Research maintained New Media Investment Group Inc (NYSE:NEWM) rating on Monday, August 15. The consensus rating is 3, suggesting the market has given up on the stock.

Mirae Asset Global Investments decreased Centerpoint Energy Inc (NYSE:CNP) stake by 52,839 shares to 185,830 valued at $4.58M in 2016Q4. Anthem Inc (NYSE:ANTM) was reduced too.

Investors sentiment increased to 1.52 in 2016 Q4. Its the same as in 2016Q3. Victory Cap Mngmt Incorporated accumulated 1.01 million shares or 0.23% of the stock. Jane Street Gru Ltd Llc invested 0% of its portfolio in Monmouth R.E. Inv. Corp. Creative Planning invested in 24,740 shares. Jfs Wealth Advsrs Ltd reported 0.01% of its portfolio in CIGNA Corporation (NYSE:CI). Employees Retirement Of Texas stated it has 0.14% of its portfolio in CIGNA Corporation (NYSE:CI). Panagora Asset Management Inc holds 0% or 4,296 shares in its portfolio. Citigroup has invested 0% in New Media Investment Group Inc (NYSE:NEWM). Comerica Bancorp has 73,476 shares for 0.05% of their portfolio. Mutual Of America Mngmt Limited Liability Corp reported 23,231 shares. Virtu Lc invested in 2,635 shares. (NYSE:MNR). Jpmorgan Chase reported 173,482 shares. (NYSE:MNR) shares with value of $14,104 were bought by LANDY MICHAEL P. It also upped Alphabet Inc. Dimensional Fund Advsr Limited Partnership reported 2.50 million shares stake. 3M Co. (NYSE:MMM) was raised too.

Investors sentiment decreased to 1.43 in Q4 2016. Its down 0.01, from 1.44 in 2016Q3. It worsened, as 12 investors sold ESL shares while 52 reduced holdings. M&T Bank & Trust Corp holds 9,750 shares. Next quarter's EPS is forecasted at $0.75 with next year's EPS anticipated to be $4.99. Thrivent Fin For Lutherans accumulated 126,400 shares or 0.01% of the stock. Voya Investment Management Ltd Limited Liability Company invested in 0.01% or 50,090 shares. Manufacturers Life The owns 0.01% invested in Esterline Technologies Corporation (NYSE:ESL) for 84,183 shares. Coldstream Mgmt owns 3,500 shares. Pnc Fincl Ser Group Inc, Pennsylvania-based fund reported 37,489 shares. State Of Wisconsin Board has 79,417 shares. Van Den Berg Mgmt I Incorporated stated it has 10,051 shares. Insiders own 1.40% of the company's stock. Zacks Investment Research raised Esterline Technologies from a "sell" rating to a "hold" rating in a research note on Monday, February 6th.

Among 12 analysts covering Esterline Techs (NYSE:ESL), 3 have Buy rating, 1 Sell and 8 Hold. Therefore 25% are positive.

ESL has been the topic of a number of research analyst reports. Jefferies maintained the stock with "Hold" rating in Monday, July 24 report. On August 4 the company was downgraded to "Neutral" from "Outperform" in a report issued by Credit Suisse. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Esterline Technologies Corporation by 11.3% during the 2nd quarter. They now have a United States dollars 92 price target on the stock.

Esterline Technologies Company Profile Esterline Technologies Corporation is a specialized manufacturing company. Esterline Technologies Corporation presently has an average rating of "Hold" and an average target price of $94.00. The rating was downgraded by Wells Fargo on Friday, February 5 to "Market Perform".

Since April 4, 2017, it had 0 insider purchases, and 3 selling transactions for $3.31 million activity. The Pennsylvania-based Tfs Ltd Llc has invested 0.17% in Esterline Technologies Corporation (NYSE:ESL). 2,240 shares were sold by First Pacific Advisors - LLC, worth $191,053.

08/13/2015 - CL King began new coverage on Esterline Technologies Corporation giving the company a "neutral" rating.



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