TransDigm Group (NYSE:TDG) updated its FY20 earnings guidance on Tuesday. The company provided EPS guidance of $19.80-21.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $21.20. The company issued revenue guidance of $6.175-6.325 billion, compared to the consensus revenue estimate of $6.34 billion.
Several equities analysts have recently weighed in on the stock. Canaccord Genuity upped their price objective on shares of TransDigm Group from $575.00 to $620.00 and gave the company a buy rating in a report on Friday. Morgan Stanley dropped their price objective on shares of TransDigm Group from $570.00 to $560.00 and set an equal weight rating on the stock in a report on Thursday, October 10th. Cowen reiterated a buy rating and set a $590.00 price objective on shares of TransDigm Group in a report on Tuesday. SunTrust Banks upped their price objective on shares of TransDigm Group to $560.00 and gave the company a buy rating in a report on Wednesday, August 7th. Finally, UBS Group upped their price objective on shares of TransDigm Group to $605.00 and gave the company a buy rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $573.36.
TDG opened at $553.60 on Tuesday. TransDigm Group has a fifty-two week low of $311.46 and a fifty-two week high of $568.83. The firm has a market capitalization of $29.88 billion, a PE ratio of 32.58, a P/E/G ratio of 2.49 and a beta of 0.95. The company’s 50-day moving average is $528.60 and its 200 day moving average is $503.17.
In other TransDigm Group news, EVP Bernt G. Iversen II sold 8,333 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $564.87, for a total value of $4,707,061.71. Following the completion of the sale, the executive vice president now directly owns 12,643 shares of the company’s stock, valued at approximately $7,141,651.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Small sold 47,660 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $531.13, for a total transaction of $25,313,655.80. The disclosure for this sale can be found here. Insiders sold a total of 158,608 shares of company stock worth $83,980,987 in the last 90 days. 11.00% of the stock is currently owned by company insiders.
About TransDigm Group
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. The 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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