Transdigm Group Incorporated (NYSE:TDG) Earns “Buy” Rating from Vertical Research
Transdigm Group Incorporated (NYSE:TDG)‘s stock had its “buy” rating reissued by equities researchers at Vertical Research in a research note issued to investors on Thursday. They presently have a $316.00 target price on the aerospace company’s stock, up from their previous target price of $280.00. Vertical Research’s price objective would indicate a potential upside of 13.78% from the stock’s current price.
Other equities analysts have also issued reports about the stock. Wolfe Research lowered shares of Transdigm Group from an “outperform” rating to a “market perform” rating in a report on Thursday, July 20th. Canaccord Genuity reaffirmed a “buy” rating and set a $330.00 target price (up from $300.00) on shares of Transdigm Group in a report on Wednesday. Deutsche Bank AG lifted their target price on shares of Transdigm Group from $305.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday. Stephens lowered shares of Transdigm Group from an “equal weight” rating to an “underweight” rating and set a $230.00 target price for the company. in a report on Thursday, August 3rd. Finally, Jefferies Group LLC lifted their target price on shares of Transdigm Group from $283.00 to $322.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $297.52.
Transdigm Group (TDG) traded down 1.01% on Thursday, hitting $274.91. 124,019 shares of the stock traded hands. The firm has a 50-day moving average price of $276.49 and a 200-day moving average price of $252.28. The company has a market capitalization of $14.30 billion, a PE ratio of 30.58 and a beta of 0.56. Transdigm Group has a 12 month low of $203.72 and a 12 month high of $295.00.
Transdigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.32. Transdigm Group had a net margin of 14.47% and a negative return on equity of 42.59%. The company had revenue of $907.67 million during the quarter, compared to analyst estimates of $903.99 million. During the same period last year, the firm posted $3.09 EPS. Transdigm Group’s revenue for the quarter was up 13.8% compared to the same quarter last year. Analysts forecast that Transdigm Group will post $12.30 earnings per share for the current year.
In other news, insider Jorge Valladares sold 6,000 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $265.53, for a total transaction of $1,593,180.00. Following the transaction, the insider now owns 15,000 shares of the company’s stock, valued at approximately $3,982,950. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 18,000 shares of company stock worth $4,952,017. Corporate insiders own 10.52% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Korea Investment CORP boosted its position in shares of Transdigm Group by 142.6% in the second quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock valued at $133,000 after buying an additional 291 shares during the last quarter. Neville Rodie & Shaw Inc. purchased a new position in shares of Transdigm Group during the second quarter valued at $200,000. Plancorp LLC purchased a new position in shares of Transdigm Group during the second quarter valued at $213,000. Palisade Capital Management LLC NJ purchased a new position in shares of Transdigm Group during the first quarter valued at $220,000. Finally, First Capital Advisors Group LLC. purchased a new position in shares of Transdigm Group during the second quarter valued at $220,000.
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.
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