TransDigm Group (NYSE:TDG)‘s stock had its “buy” rating reiterated by equities researchers at Royal Bank of Canada in a research note issued on Friday. They currently have a $356.00 price target on the aerospace company’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 16.20% from the stock’s current price.
TDG has been the subject of a number of other research reports. Jefferies Group reaffirmed a “hold” rating and issued a $285.00 price objective on shares of TransDigm Group in a research note on Monday, January 8th. Stephens raised shares of TransDigm Group to a “hold” rating in a research note on Thursday, February 22nd. Canaccord Genuity reaffirmed a “buy” rating and issued a $330.00 price objective on shares of TransDigm Group in a research note on Friday, February 2nd. Zacks Investment Research raised shares of TransDigm Group from a “hold” rating to a “buy” rating and set a $317.00 price objective for the company in a research note on Monday, February 12th. Finally, Morgan Stanley raised their price objective on shares of TransDigm Group from $265.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $323.50.
TransDigm Group stock opened at $306.36 on Friday. TransDigm Group has a 52 week low of $224.29 and a 52 week high of $321.38. The company has a debt-to-equity ratio of -4.38, a current ratio of 2.76 and a quick ratio of 1.86. The company has a market capitalization of $16,229.92, a P/E ratio of 25.51, a PEG ratio of 1.59 and a beta of 0.78.
TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 6th. The aerospace company reported $2.43 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.21). TransDigm Group had a negative return on equity of 27.70% and a net margin of 18.95%. The firm had revenue of $847.96 million during the quarter, compared to analyst estimates of $860.12 million. During the same period in the prior year, the business posted $2.57 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. equities analysts forecast that TransDigm Group will post 16.69 EPS for the current year.
In other news, Director Raymond F. Laubenthal sold 11,900 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $295.87, for a total transaction of $3,520,853.00. Following the transaction, the director now owns 81,718 shares in the company, valued at approximately $24,177,904.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO W Nicholas Howley sold 9,500 shares of the firm’s stock in a transaction on Wednesday, March 14th. The shares were 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. Insiders have sold a total of 75,644 shares of company stock valued at $22,415,911 in the last three months. Company insiders own 10.52% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in TDG. JPMorgan Chase & Co. raised its holdings 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 valued at $2,095,000 after purchasing an additional 35,930 shares in the last quarter. Trexquant Investment LP bought a new position in shares of TransDigm Group during the 3rd quarter valued at $209,000. Schwab Charles Investment Management Inc. raised its holdings in shares of TransDigm Group by 2.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 170,383 shares of the aerospace company’s stock valued at $43,559,000 after purchasing an additional 3,982 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of TransDigm Group by 18.0% during the 3rd quarter. Stifel Financial Corp now owns 4,419 shares of the aerospace company’s stock valued at $1,138,000 after purchasing an additional 673 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of TransDigm Group during the 3rd quarter valued at $467,000.
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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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