TransDigm Group Incorporated (TDG) Receives $284.14 Average PT from Brokerages
Shares of TransDigm Group Incorporated (NYSE:TDG) have received a consensus rating of “Buy” from the nineteen research firms that are presently covering the firm. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $281.27.
A number of equities research analysts have commented on the stock. Royal Bank of Canada assumed coverage on shares of TransDigm Group in a research note on Thursday, January 12th. They set an “outperform” rating and a $316.00 target price on the stock. Canaccord Genuity restated a “buy” rating and set a $325.00 target price on shares of TransDigm Group in a research note on Thursday, January 5th. Credit Suisse Group AG restated a “buy” rating and set a $297.00 target price on shares of TransDigm Group in a research note on Friday, January 20th. Wolfe Research upgraded shares of TransDigm Group to an “outperform” rating in a research note on Friday, January 20th. Finally, Vetr cut shares of TransDigm Group from a “strong-buy” rating to a “buy” rating and set a $279.83 target price on the stock. in a research note on Thursday, February 9th.
Shares of TransDigm Group (NYSE:TDG) traded up 1.07% during mid-day trading on Monday, reaching $239.95. 485,900 shares of the company’s stock were exchanged. The firm has a market cap of $12.68 billion, a P/E ratio of 28.04 and a beta of 0.49. The company has a 50 day moving average price of $230.88 and a 200 day moving average price of $248.92. TransDigm Group has a 52-week low of $203.72 and a 52-week high of $294.38.
TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, February 7th. The aerospace company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.09. TransDigm Group had a net margin of 13.91% and a negative return on equity of 58.47%. The company had revenue of $814 million for the quarter, compared to analysts’ expectations of $804.52 million. During the same quarter last year, the business earned $2.27 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. Analysts forecast that TransDigm Group will post $12.21 earnings per share for the current fiscal year.
In related news, insider Joel Reiss sold 6,000 shares of the business’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $252.99, for a total value of $1,517,940.00. Following the sale, the insider now owns 9,600 shares in the company, valued at $2,428,704. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Small purchased 104,967 shares of TransDigm Group stock in a transaction that occurred on Tuesday, March 14th. The stock was acquired at an average price of $232.95 per share, for a total transaction of $24,452,062.65. Following the transaction, the director now directly owns 32,713 shares of the company’s stock, valued at approximately $7,620,493.35. The disclosure for this purchase can be found here. Insiders own 10.52% of the company’s stock.
A number of large investors have recently made changes to their positions in TDG. Capital World Investors boosted its stake in shares of TransDigm Group by 1.4% in the third quarter. Capital World Investors now owns 3,888,100 shares of the aerospace company’s stock valued at $1,124,127,000 after buying an additional 52,000 shares in the last quarter. State Street Corp boosted its stake in shares of TransDigm Group by 5.1% in the fourth quarter. State Street Corp now owns 2,193,017 shares of the aerospace company’s stock valued at $545,978,000 after buying an additional 106,491 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of TransDigm Group by 3.0% in the third quarter. Principal Financial Group Inc. now owns 1,955,149 shares of the aerospace company’s stock valued at $565,273,000 after buying an additional 57,484 shares in the last quarter. Stockbridge Partners LLC boosted its stake in shares of TransDigm Group by 11.5% in the fourth quarter. Stockbridge Partners LLC now owns 1,697,871 shares of the aerospace company’s stock valued at $422,702,000 after buying an additional 174,673 shares in the last quarter. Finally, Capital International Investors boosted its stake in shares of TransDigm Group by 7.5% in the third quarter. Capital International Investors now owns 768,888 shares of the aerospace company’s stock valued at $222,301,000 after buying an additional 53,950 shares in the last quarter.
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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