Transdigm Group (NYSE:TDG) Given News Sentiment Score of 0.24
Press coverage about Transdigm Group (NYSE:TDG) has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Transdigm Group earned a news impact score of 0.24 on Accern’s scale. Accern also gave headlines about the aerospace company an impact score of 46.6204831820885 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Glancy Prongay & Murray Announces the Filing of a Securities Class Action on Behalf of TransDigm Group Incorporated Investors and Encourages Investors to Contact the Firm (finance.yahoo.com)
- SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Class Action Against TransDigm Group Incorporated (TDG) & Lead Plaintiff Deadline: October 10, 2017 (finance.yahoo.com)
- EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against TransDigm Group Incorporated – TDG (finance.yahoo.com)
- TransDigm (TDG) Q3 Earnings, Revenues Beat Estimates (zacks.com)
- Transdigm Group Has Returned 20.2% Since SmarTrend Recommendation (TDG) (mysmartrend.com)
A number of analysts have recently issued reports on the stock. Jefferies Group LLC increased their price objective on shares of Transdigm Group from $283.00 to $322.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Cowen and Company reissued a “market perform” rating and issued a $290.00 price objective (up from $219.00) on shares of Transdigm Group in a research note on Thursday. Vertical Research reissued a “buy” rating and issued a $316.00 price objective (up from $280.00) on shares of Transdigm Group in a research note on Thursday. Deutsche Bank AG increased their price objective on shares of Transdigm Group from $305.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Canaccord Genuity reissued a “buy” rating and issued a $330.00 price objective (up from $300.00) on shares of Transdigm Group in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Transdigm Group currently has a consensus rating of “Buy” and a consensus target price of $297.52.
Transdigm Group (NYSE:TDG) traded down 1.56% during trading on Thursday, reaching $273.38. 310,710 shares of the company’s stock traded hands. The company has a 50-day moving average price of $276.64 and a 200 day moving average price of $252.43. Transdigm Group has a one year low of $203.72 and a one year high of $295.00. The firm has a market capitalization of $14.22 billion, a PE ratio of 30.41 and a beta of 0.56.
Transdigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $907.67 million during the quarter, compared to analyst estimates of $903.99 million. During the same quarter in the prior year, the firm earned $3.09 earnings per share. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, analysts anticipate that Transdigm Group will post $12.30 earnings per share for the current fiscal year.
In other news, Director Raymond F. Laubenthal sold 6,000 shares of the company’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $281.81, for a total transaction of $1,690,860.00. Following the completion of the sale, the director now owns 75,701 shares of the company’s stock, valued at $21,333,298.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jorge Valladares sold 5,900 shares of the company’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $278.03, for a total transaction of $1,640,377.00. Following the sale, the insider now directly owns 14,900 shares of the company’s stock, valued at approximately $4,142,647. The disclosure for this sale can be found here. Insiders have sold 18,000 shares of company stock valued at $4,952,017 in the last ninety days. Insiders own 10.52% of the company’s stock.
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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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