Esterline Techs Gets a Hold Rating from Jefferies

By Ryan Adsit

In a report released today, Howard Rubel from Jefferies reiterated a Hold rating on Esterline Techs (NYSE: ESL), with a price target of $92. The company’s shares opened today at $91, close to its 52-week high of $96.50.

According to, Rubel is a top 25 analyst with an average return of 17.4% and a 80.8% success rate. Rubel covers the Industrial Goods sector, focusing on stocks such as American Outdoor Brands Corp, United Technologies Corp, and Honeywell International.

Currently, the analyst consensus on Esterline Techs is Moderate Buy and the average price target is $96, representing a 5.5% upside.

In a report issued on May 5, Canaccord Genuity also reiterated a Hold rating on the stock with a $90 price target.

Esterline Techs’ market cap is currently $2.76B and has a P/E ratio of 20.55. The company has a book value ratio of 1.6637.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 and Controls; Sensors and Systems; and Advanced Materials. The Avionics and Controls segment includes avionics systems, control systems, interface technologies and communication systems capabilities. The Sensors and Systems segment includes power systems, connection technologies and advanced sensors capabilities. The Advanced Materials segment includes engineered materials and defense technologies capabilities. It also develops and manufactures combustible ordnance and countermeasures for military applications. The company was founded in 1967 and is headquartered in Bellevue, WA.