TransDigm Group Incorporated (NYSE:TDG)‘s stock had its “hold” rating reiterated by analysts at Wellington Shields in a report issued on Tuesday. They currently have a $255.00 target price on the stock. Wellington Shields’ target price suggests a potential upside of 18.69% from the stock’s previous close.
Several other analysts have also weighed in on TDG. Zacks Investment Research lowered TransDigm Group from a “buy” rating to a “sell” rating in a report on Monday, November 21st. Jefferies Group LLC set a $306.00 target price on TransDigm Group and gave the company a “buy” rating in a report on Thursday, November 24th. Deutsche Bank AG upped their target price on TransDigm Group from $290.00 to $305.00 and gave the company a “buy” rating in a report on Monday, December 5th. Canaccord Genuity reaffirmed a “buy” rating and set a $325.00 price objective on shares of TransDigm Group in a research note on Thursday, December 22nd. Finally, Royal Bank of Canada started coverage on TransDigm Group in a research note on Wednesday, January 11th. They set an “outperform” rating and a $316.00 price objective on the stock. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $289.32.
TransDigm Group (NYSE:TDG) opened at 215.97 on Tuesday. The stock has a market cap of $11.41 billion, a price-to-earnings ratio of 25.24 and a beta of 0.49. TransDigm Group has a 12-month low of $213.87 and a 12-month high of $294.38. The stock’s 50 day moving average price is $242.35 and its 200 day moving average price is $257.39.
TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 7th. The company reported $2.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.48 by $0.09. The company had revenue of $814 million for the quarter, compared to analyst estimates of $804.52 million. TransDigm Group had a negative return on equity of 58.47% and a net margin of 13.91%. TransDigm Group’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.27 earnings per share. Analysts forecast that TransDigm Group will post $12.23 EPS for the current fiscal year.
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In related news, insider Joel Reiss sold 6,000 shares of the firm’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $252.99, for a total transaction of $1,517,940.00. Following the sale, the insider now directly owns 9,600 shares in the company, valued at approximately $2,428,704. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Robert S. Henderson sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $250.23, for a total value of $2,502,300.00. Following the sale, the vice president now owns 20,000 shares in the company, valued at $5,004,600. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,000 shares of company stock worth $6,530,840. Company insiders own 10.52% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can increased its stake in shares of TransDigm Group by 4.7% in the third quarter. Great West Life Assurance Co. Can now owns 57,488 shares of the company’s stock valued at $16,622,000 after buying an additional 2,559 shares during the last quarter. Conning Inc. bought a new stake in shares of TransDigm Group during the third quarter valued at approximately $292,000. Insight Capital Research & Management Inc. bought a new stake in shares of TransDigm Group during the third quarter valued at approximately $1,937,000. Athena Capital Advisors LLC bought a new stake in shares of TransDigm Group during the third quarter valued at approximately $202,000. Finally, Parkwood LLC bought a new stake in shares of TransDigm Group during the third quarter valued at approximately $277,000.
TransDigm Group Company Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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