TransDigm Group (NYSE:TDG) had its price objective lifted by equities research analysts at Canaccord Genuity from $330.00 to $350.00 in a report issued on Monday, April 30th. The firm presently has a “buy” rating on the aerospace company’s stock. Canaccord Genuity’s price target would suggest a potential upside of 8.18% from the stock’s current price.
A number of other brokerages have also weighed in on TDG. Cowen reaffirmed a “hold” rating and issued a $290.00 price target on shares of TransDigm Group in a research note on Monday, January 29th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $356.00 price target on shares of TransDigm Group in a research note on Friday, April 6th. Zacks Investment Research lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 12th. SunTrust Banks increased their target price on shares of TransDigm Group to $335.00 and gave the company a “buy” rating in a research note on Monday, April 16th. Finally, Morgan Stanley increased their target price on shares of TransDigm Group from $306.00 to $321.00 and gave the company an “equal weight” rating in a research note on Thursday, April 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $331.00.
Shares of NYSE:TDG traded down $1.87 during trading on Monday, reaching $323.52. 301,948 shares of the company’s stock traded hands, compared to its average volume of 487,927. TransDigm Group has a 12 month low of $323.47 and a 12 month high of $325.08. The company has a quick ratio of 2.09, a current ratio of 3.04 and a debt-to-equity ratio of -4.92. The company has a market cap of $17.44 billion, a PE ratio of 26.94, a P/E/G ratio of 1.70 and a beta of 0.79.
TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $3.51 by $0.28. The firm had revenue of $933.10 million during the quarter, compared to analysts’ expectations of $930.30 million. TransDigm Group had a net margin of 19.77% and a negative return on equity of 28.60%. TransDigm Group’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.03 EPS. research analysts forecast that TransDigm Group will post 17.17 EPS for the current fiscal year.
In other TransDigm Group news, VP Robert S. Henderson sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 27th. The shares were sold at an average price of $311.12, for a total value of $3,111,200.00. Following the transaction, the vice president now owns 35,000 shares in the company, valued at approximately $10,889,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO W Nicholas Howley sold 9,500 shares of the stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $295.00, for a total transaction of $2,802,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,500 shares of company stock worth $36,015,895. Company insiders own 11.45% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in TDG. JPMorgan Chase & Co. increased its stake in shares of TransDigm Group by 129.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,263 shares of the aerospace company’s stock worth $2,095,000 after purchasing an additional 35,930 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of TransDigm Group by 68.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 6,454 shares of the aerospace company’s stock worth $1,650,000 after purchasing an additional 2,618 shares during the last quarter. Neville Rodie & Shaw Inc. acquired a new position in shares of TransDigm Group during the 4th quarter worth $205,000. Bank of Montreal Can boosted its holdings in shares of TransDigm Group by 31.8% during the 4th quarter. Bank of Montreal Can now owns 28,234 shares of the aerospace company’s stock worth $7,753,000 after buying an additional 6,815 shares during the period. Finally, Gateway Investment Advisers LLC boosted its holdings in shares of TransDigm Group by 0.5% during the 4th quarter. Gateway Investment Advisers LLC now owns 53,031 shares of the aerospace company’s stock worth $14,563,000 after buying an additional 246 shares during the period.
About TransDigm Group
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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