Transdigm Group Incorporated (NYSE:TDG) had its price target lifted by research analysts at Credit Suisse Group from $294.54 to $320.00 in a research report issued on Friday. The firm presently has an “outperform” rating on the aerospace company’s stock. Credit Suisse Group’s target price suggests a potential upside of 19.85% from the stock’s previous close.
Several other research firms have also issued reports on TDG. Deutsche Bank AG lifted their target price on shares of Transdigm Group from $305.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Robert W. Baird reiterated a “buy” rating and set a $300.00 target price on shares of Transdigm Group in a report on Thursday, October 12th. Wolfe Research upgraded shares of Transdigm Group from a “market perform” rating to an “outperform” rating in a report on Friday. Stephens lowered shares of Transdigm Group from an “equal weight” rating to an “underweight” rating and set a $230.00 target price for the company. in a report on Thursday, August 3rd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $330.00 target price (up from $300.00) on shares of Transdigm Group in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Transdigm Group presently has an average rating of “Buy” and an average target price of $295.11.
Shares of Transdigm Group (TDG) opened at $267.00 on Friday. The company has a quick ratio of 2.25, a current ratio of 3.27 and a debt-to-equity ratio of -5.71. Transdigm Group has a 1-year low of $203.72 and a 1-year high of $295.00. The company has a market cap of $13,890.41, a PE ratio of 22.42, a price-to-earnings-growth ratio of 2.21 and a beta of 0.50.
Transdigm Group (NYSE:TDG) last issued its quarterly earnings data on Thursday, November 9th. The aerospace company reported $3.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.18 by $0.30. Transdigm Group had a net margin of 12.44% and a negative return on equity of 34.08%. The business had revenue of $923.89 million during the quarter, compared to analyst estimates of $959.77 million. During the same period last year, the business posted $3.29 earnings per share. Transdigm Group’s quarterly revenue was up 5.6% compared to the same quarter last year. equities analysts anticipate that Transdigm Group will post 12.76 EPS for the current fiscal year.
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In other Transdigm Group news, Director Raymond F. Laubenthal sold 6,000 shares of Transdigm Group stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $254.19, for a total value of $1,525,140.00. Following the completion of the sale, the director now owns 75,701 shares of the company’s stock, valued at approximately $19,242,437.19. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Robert S. Henderson sold 15,000 shares of Transdigm Group stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $263.74, for a total transaction of $3,956,100.00. The disclosure for this sale can be found here. Insiders have sold 33,000 shares of company stock valued at $8,729,280 in the last three months. 10.52% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. APG Asset Management N.V. grew its position in Transdigm Group by 0.8% in the 3rd quarter. APG Asset Management N.V. now owns 223,329 shares of the aerospace company’s stock worth $57,094,000 after purchasing an additional 1,700 shares during the period. HPM Partners LLC grew its position in Transdigm Group by 196.7% in the 2nd quarter. HPM Partners LLC now owns 5,739 shares of the aerospace company’s stock worth $810,000 after purchasing an additional 3,805 shares during the period. Victory Capital Management Inc. grew its position in Transdigm Group by 14.6% in the 2nd quarter. Victory Capital Management Inc. now owns 25,758 shares of the aerospace company’s stock worth $6,926,000 after purchasing an additional 3,273 shares during the period. Swiss National Bank grew its position in Transdigm Group by 2.2% in the 2nd quarter. Swiss National Bank now owns 193,200 shares of the aerospace company’s stock worth $51,946,000 after purchasing an additional 4,200 shares during the period. Finally, Vanguard Group Inc. grew its position in Transdigm Group by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,824,369 shares of the aerospace company’s stock worth $1,297,129,000 after purchasing an additional 76,897 shares during the period.
About Transdigm Group
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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