TransDigm Group Incorporated (NYSE:TDG)‘s stock had its “buy” rating reiterated by stock analysts at Royal Bank of Canada in a report issued on Tuesday. They presently have a $316.00 target price on the aerospace company’s stock. Royal Bank of Canada’s target price points to a potential upside of 33.64% from the company’s previous close.

Other analysts also recently issued reports about the company. Credit Suisse Group AG restated a “buy” rating and issued a $297.00 price objective on shares of TransDigm Group in a report on Friday, January 20th. SunTrust Banks, Inc. started coverage on TransDigm Group in a report on Thursday, January 19th. They issued a “buy” rating and a $291.00 price objective for the company. Canaccord Genuity restated a “buy” rating and issued a $325.00 price objective on shares of TransDigm Group in a report on Thursday, January 5th. Deutsche Bank AG restated a “buy” rating and issued a $305.00 price objective on shares of TransDigm Group in a report on Tuesday, January 24th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $298.00 price objective on shares of TransDigm Group in a report on Tuesday, January 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $282.86.

Analyst Recommendations for TransDigm Group (NYSE:TDG)

Shares of TransDigm Group (NYSE:TDG) traded down 1.16% during mid-day trading on Tuesday, hitting $236.46. The stock had a trading volume of 1,866,840 shares. The firm’s 50 day moving average price is $231.75 and its 200 day moving average price is $249.07. TransDigm Group has a 1-year low of $203.72 and a 1-year high of $294.38. The company has a market cap of $12.50 billion, a P/E ratio of 27.64 and a beta of 0.49.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 7th. The aerospace company reported $2.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.48 by $0.09. The business earned $814 million during the quarter, compared to the consensus estimate of $804.52 million. TransDigm Group had a negative return on equity of 58.47% and a net margin of 13.91%. TransDigm Group’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.27 earnings per share. Analysts predict that TransDigm Group will post $12.20 earnings per share for the current fiscal year.

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In other news, VP Robert S. Henderson sold 10,000 shares of the stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $251.06, for a total transaction of $2,510,600.00. Following the transaction, the vice president now owns 35,000 shares of the company’s stock, valued at approximately $8,787,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joel Reiss sold 6,000 shares of the stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $252.99, for a total transaction of $1,517,940.00. Following the transaction, the insider now directly owns 9,600 shares in the company, valued at approximately $2,428,704. The disclosure for this sale can be found here. Company insiders own 10.52% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its position in TransDigm Group by 16.6% in the third quarter. Jennison Associates LLC now owns 423,007 shares of the aerospace company’s stock worth $122,300,000 after buying an additional 60,126 shares during the period. LMR Partners LLP bought a new position in TransDigm Group during the third quarter worth about $2,147,000. DUPONT CAPITAL MANAGEMENT Corp boosted its position in TransDigm Group by 5.2% in the third quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 27,422 shares of the aerospace company’s stock worth $7,928,000 after buying an additional 1,350 shares during the period. Nordea Investment Management AB boosted its position in TransDigm Group by 0.9% in the third quarter. Nordea Investment Management AB now owns 108,572 shares of the aerospace company’s stock worth $31,390,000 after buying an additional 1,006 shares during the period. Finally, Wells Fargo & Company MN boosted its position in TransDigm Group by 5.7% in the third quarter. Wells Fargo & Company MN now owns 295,154 shares of the aerospace company’s stock worth $85,334,000 after buying an additional 15,823 shares during the period.

TransDigm Group Company Profile

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.

5 Day Chart for NYSE:TDG

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