Transdigm Group Incorporated (NYSE:TDG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday. They presently have a $308.00 price objective on the aerospace company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 9.17% from the stock’s previous close.

According to Zacks, “TransDigm’s shares have outperformed the Zacks categorized Aerospace/Defense Equipment industry’s average gain over the past three months. The company has a striking earnings surprise history, having beaten estimates each time over the four trailing quarters. TransDigm has been posting strong revenue growth, driven by strong commercial aftermarket revenues, organic growth as well as by its acquired businesses including Data Device Corporation, Young & Franklin/Tactair and Schroth. However, escalating interest expenses and  debt burden continue to bother its financials. The company expects almost flat growth in defense military revenue in the near term, in light of recent global events and the resultant political uncertainty. Moreover, the company faces significant integration risks and expenses. Also, TransDigm is awaiting government investigation on certain business practices, which has attracted bearish analyst sentiment.”

Several other brokerages have also recently commented on TDG. Robert W. Baird reissued an “outperform” rating and set a $300.00 target price (up previously from $262.00) on shares of Transdigm Group in a report on Tuesday, June 6th. Jefferies Group LLC reissued a “buy” rating on shares of Transdigm Group in a report on Tuesday, June 6th. Canaccord Genuity reissued a “buy” rating and set a $300.00 target price on shares of Transdigm Group in a report on Thursday, May 25th. Deutsche Bank AG reissued a “buy” rating and set a $305.00 target price on shares of Transdigm Group in a report on Tuesday, June 13th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $316.00 target price on shares of Transdigm Group in a report on Friday, May 19th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Transdigm Group presently has an average rating of “Buy” and a consensus target price of $285.43.

Shares of Transdigm Group (NYSE:TDG) opened at 282.14 on Thursday. Transdigm Group has a 12-month low of $203.72 and a 12-month high of $294.38. The firm has a market cap of $14.68 billion, a PE ratio of 32.02 and a beta of 0.55. The company has a 50 day moving average price of $263.65 and a 200-day moving average price of $246.51.

Transdigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 9th. The aerospace company reported $3.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.85 by $0.17. Transdigm Group had a negative return on equity of 47.38% and a net margin of 14.10%. The firm had revenue of $873.23 million for the quarter, compared to analysts’ expectations of $894.37 million. During the same quarter in the previous year, the company earned $2.86 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Analysts expect that Transdigm Group will post $12.29 EPS for the current year.

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In other news, insider Jorge Valladares sold 5,900 shares of the business’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $278.03, for a total transaction of $1,640,377.00. Following the transaction, the insider now directly owns 14,900 shares in the company, valued at approximately $4,142,647. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 18,000 shares of company stock worth $4,731,157. 10.52% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of TDG. Ladenburg Thalmann Financial Services Inc. boosted its position in Transdigm Group by 3.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 499 shares of the aerospace company’s stock valued at $126,000 after buying an additional 18 shares in the last quarter. Soros Fund Management LLC bought a new position in Transdigm Group during the first quarter valued at approximately $308,000. Mn Services Vermogensbeheer B.V. boosted its position in Transdigm Group by 5.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,423 shares of the aerospace company’s stock valued at $293,000 after buying an additional 72 shares in the last quarter. Federated Investors Inc. PA boosted its position in Transdigm Group by 197.9% in the fourth quarter. Federated Investors Inc. PA now owns 1,284 shares of the aerospace company’s stock valued at $320,000 after buying an additional 853 shares in the last quarter. Finally, Security Asset Management bought a new position in Transdigm Group during the fourth quarter valued at approximately $1,206,000.

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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Analyst Recommendations for Transdigm Group (NYSE:TDG)

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