TransDigm Group (NYSE:TDG) had its target price increased by Credit Suisse Group from $400.00 to $408.00 in a report issued on Wednesday, The Fly reports. Credit Suisse Group currently has an outperform rating on the aerospace company’s stock.

A number of other equities analysts have also issued reports on TDG. Canaccord Genuity increased their price target on TransDigm Group from $350.00 to $375.00 and gave the company a positive rating in a research note on Friday, June 29th. Cowen reiterated a buy rating on shares of TransDigm Group in a research report on Tuesday, August 7th. ValuEngine upgraded TransDigm Group from a hold rating to a buy rating in a research report on Wednesday, May 2nd. Jefferies Financial Group increased their price objective on TransDigm Group from $323.00 to $350.00 and gave the company a hold rating in a research report on Friday, June 29th. Finally, Morgan Stanley increased their price objective on TransDigm Group from $341.00 to $372.00 and gave the company an equal weight rating in a research report on Thursday, July 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $360.00.

NYSE TDG traded down $2.36 on Wednesday, reaching $357.02. 288,925 shares of the stock traded hands, compared to its average volume of 377,354. The company has a debt-to-equity ratio of -5.96, a quick ratio of 2.09 and a current ratio of 4.14. The firm has a market cap of $18.91 billion, a P/E ratio of 26.84, a PEG ratio of 1.86 and a beta of 0.85. TransDigm Group has a 12 month low of $249.57 and a 12 month high of $377.67.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 7th. The aerospace company reported $4.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.06). The firm had revenue of $980.70 million for the quarter, compared to the consensus estimate of $995.06 million. TransDigm Group had a net margin of 20.68% and a negative return on equity of 29.79%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.30 earnings per share. research analysts predict that TransDigm Group will post 16.85 earnings per share for the current fiscal year.

In other news, Director Raymond F. Laubenthal sold 11,900 shares of the stock in a transaction on Monday, July 16th. The stock was sold at an average price of $361.06, for a total value of $4,296,614.00. Following the completion of the sale, the director now owns 25,112 shares in the company, valued at $9,066,938.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Roger Jones sold 5,000 shares of the stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $323.78, for a total value of $1,618,900.00. The disclosure for this sale can be found here. Insiders sold 55,700 shares of company stock valued at $18,975,104 in the last 90 days. Corporate insiders own 10.52% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Montag A & Associates Inc. acquired a new position in TransDigm Group during the first quarter worth $2,444,000. Smithfield Trust Co. grew its position in shares of TransDigm Group by 800.0% in the second quarter. Smithfield Trust Co. now owns 315 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 280 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of TransDigm Group by 4.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 182,440 shares of the aerospace company’s stock valued at $55,999,000 after purchasing an additional 8,508 shares during the last quarter. Sumitomo Life Insurance Co. grew its position in shares of TransDigm Group by 4.2% in the second quarter. Sumitomo Life Insurance Co. now owns 6,821 shares of the aerospace company’s stock valued at $2,354,000 after purchasing an additional 275 shares during the last quarter. Finally, Norinchukin Bank The grew its position in shares of TransDigm Group by 15.1% in the first quarter. Norinchukin Bank The now owns 4,447 shares of the aerospace company’s stock valued at $1,365,000 after purchasing an additional 583 shares during the last quarter.

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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Analyst Recommendations for TransDigm Group (NYSE:TDG)

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