Wolfe Research upgraded shares of Transdigm Group Incorporated (NYSE:TDG) from a market perform rating to an outperform rating in a research report sent to investors on Friday, The Fly reports.

Several other research analysts also recently weighed in on the company. Royal Bank Of Canada reiterated a buy rating and issued a $316.00 price target on shares of Transdigm Group in a report on Friday, September 1st. Zacks Investment Research downgraded Transdigm Group from a buy rating to a hold rating and set a $308.00 price target for the company. in a report on Thursday, July 13th. Jefferies Group LLC reiterated a buy rating and issued a $283.00 price target on shares of Transdigm Group in a report on Friday, July 14th. Cowen and Company reiterated a hold rating and issued a $290.00 price target on shares of Transdigm Group in a report on Thursday, October 19th. Finally, Canaccord Genuity reiterated a buy rating and issued a $330.00 price target on shares of Transdigm Group in a report on Friday, September 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $295.11.

Shares of Transdigm Group (TDG) traded up $1.42 on Friday, reaching $267.00. The company’s stock had a trading volume of 760,500 shares, compared to its average volume of 821,979. The company has a debt-to-equity ratio of -3.86, a current ratio of 2.36 and a quick ratio of 1.51. The firm has a market cap of $13,890.36, a P/E ratio of 22.42, a PEG ratio of 2.21 and a beta of 0.50. Transdigm Group has a 52 week low of $203.72 and a 52 week high of $295.00.

Transdigm Group (NYSE:TDG) last issued its quarterly earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.18 by $0.30. The company had revenue of $923.89 million during the quarter, compared to the consensus estimate of $959.77 million. Transdigm Group had a negative return on equity of 30.13% and a net margin of 12.44%. Transdigm Group’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.29 EPS. research analysts anticipate that Transdigm Group will post 12.76 earnings per share for the current year.

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In other Transdigm Group news, Director Raymond F. Laubenthal sold 6,000 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $254.19, for a total value of $1,525,140.00. Following the completion of the transaction, the director now directly owns 75,701 shares of the company’s stock, valued at approximately $19,242,437.19. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Robert S. Henderson sold 15,000 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $263.74, for a total transaction of $3,956,100.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,000 shares of company stock valued at $8,729,280. 10.52% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of TDG. Tiger Global Management LLC boosted its position in Transdigm Group by 57.4% in the 2nd quarter. Tiger Global Management LLC now owns 4,000,000 shares of the aerospace company’s stock valued at $1,075,480,000 after buying an additional 1,459,272 shares during the last quarter. Capital International Investors boosted its position in Transdigm Group by 51.8% in the 2nd quarter. Capital International Investors now owns 1,332,593 shares of the aerospace company’s stock valued at $358,294,000 after buying an additional 454,568 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in Transdigm Group by 1,843.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 191,538 shares of the aerospace company’s stock valued at $5,698,000 after buying an additional 181,683 shares during the last quarter. Matrix Capital Management Company LP boosted its position in Transdigm Group by 16.2% in the 2nd quarter. Matrix Capital Management Company LP now owns 717,783 shares of the aerospace company’s stock valued at $192,990,000 after buying an additional 100,000 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Transdigm Group by 54.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 268,258 shares of the aerospace company’s stock valued at $68,580,000 after buying an additional 95,016 shares during the last quarter.

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.

The Fly

Analyst Recommendations for Transdigm Group (NYSE:TDG)

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