TransDigm Group (NYSE:TDG) Price Target Increased to $1,400.00 by Analysts at Royal Bank of Canada

TransDigm Group (NYSE:TDG) had its target price upped by Royal Bank of Canada from $1,300.00 to $1,400.00 in a report issued on Wednesday morning, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the aerospace company’s stock.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus lifted their target price on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a hold rating in a research note on Wednesday, April 17th. KeyCorp lifted their target price on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the stock an overweight rating in a research note on Monday, April 22nd. Susquehanna lifted their target price on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a neutral rating in a research note on Wednesday. StockNews.com raised shares of TransDigm Group from a hold rating to a buy rating in a research note on Tuesday, April 9th. Finally, TD Cowen lifted their price target on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the company a buy rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $1,311.81.

TransDigm Group Trading Up 0.3 %

Shares of TDG stock traded up $3.86 during trading hours on Wednesday, hitting $1,318.86. 226,273 shares of the company’s stock were exchanged, compared to its average volume of 210,936. The company has a market capitalization of $73.34 billion, a PE ratio of 55.98, a PEG ratio of 2.63 and a beta of 1.40. TransDigm Group has a 12-month low of $768.05 and a 12-month high of $1,330.38. The business’s 50 day simple moving average is $1,222.89 and its 200-day simple moving average is $1,087.09.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, topping the consensus estimate of $7.42 by $0.57. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business’s revenue was up 20.5% compared to the same quarter last year. During the same period last year, the firm posted $5.39 earnings per share. Equities analysts anticipate that TransDigm Group will post 29.08 EPS for the current year.

Insider Buying and Selling at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,439,160. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,087 shares of company stock worth $69,840,358. 4.96% of the stock is owned by insiders.

Institutional Investors Weigh In On TransDigm Group

Large investors have recently bought and sold shares of the business. Compagnie Lombard Odier SCmA bought a new stake in TransDigm Group in the 4th quarter worth about $25,000. Oakworth Capital Inc. bought a new stake in TransDigm Group in the 4th quarter worth about $26,000. ORG Partners LLC bought a new stake in TransDigm Group in the 1st quarter worth about $30,000. Optiver Holding B.V. bought a new stake in TransDigm Group in the 3rd quarter worth about $35,000. Finally, VisionPoint Advisory Group LLC bought a new stake in TransDigm Group in the 4th quarter worth about $37,000. 95.78% of the stock is currently owned by institutional investors.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. 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, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.