Zacks Investment Research upgraded shares of Transdigm Group Incorporated (NYSE:TDG) from a sell rating to a hold rating in a report released on Wednesday.

According to Zacks, “TransDigm’s excellent business operation model, which implements value-based operating strategies guided by three value driver concepts, has helped the company generate sufficient organic & inorganic growth and drive operating margin expansion over the past few quarters. This apart, TransDigm’s strategic acquisitions in the proprietary aerospace businesses has bolstered its aftermarket content, thus supplementing sales. However, mounting interest expenses and escalating debt burden continue to bother TransDigm’s financials. Further, TransDigm is seeing some negative trends at present, like soft business jet, helicopter and freighter revenues, which might dent its top line growth in the near future. The company has some concerns about the commercial transport industry in the coming times as well. In light of such adversity, the company’s shares have dismally underperformed the industry average, on a year-to-date basis.”

TDG has been the topic of a number of other research reports. Deutsche Bank AG increased their price objective on Transdigm Group from $305.00 to $320.00 and gave the stock a buy rating in a report on Wednesday, August 9th. Credit Suisse Group increased their price objective on Transdigm Group from $294.54 to $320.00 and gave the stock an outperform rating in a report on Friday, November 10th. Robert W. Baird restated a buy rating and issued a $300.00 price objective on shares of Transdigm Group in a report on Thursday, October 12th. Wolfe Research upgraded Transdigm Group from a market perform rating to an outperform rating in a report on Friday, November 10th. Finally, Stephens downgraded Transdigm Group from an equal weight rating to an underweight rating and set a $230.00 price objective on the stock. in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $296.87.

Transdigm Group (TDG) traded up $3.25 during trading hours on Wednesday, reaching $268.40. The company had a trading volume of 467,850 shares, compared to its average volume of 816,058. Transdigm Group has a 12-month low of $203.72 and a 12-month high of $295.00. The firm has a market capitalization of $13,950.00, a P/E ratio of 22.50, a P/E/G ratio of 2.26 and a beta of 0.63. The company has a quick ratio of 1.51, a current ratio of 2.36 and a debt-to-equity ratio of -3.86.

Transdigm Group (NYSE:TDG) last released its quarterly earnings data on Thursday, November 9th. The aerospace company reported $3.48 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.30. Transdigm Group had a negative return on equity of 30.13% and a net margin of 12.44%. The firm had revenue of $923.89 million for the quarter, compared to the consensus estimate of $959.77 million. During the same quarter in the prior year, the company posted $3.29 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. equities analysts predict that Transdigm Group will post 12.5 earnings per share for the current year.

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In related news, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $263.78, for a total value of $1,582,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert S. Henderson sold 15,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $263.74, for a total value of $3,956,100.00. The disclosure for this sale can be found here. Insiders sold 33,000 shares of company stock valued at $8,647,560 over the last three months. 10.52% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. APG Asset Management N.V. lifted its position in Transdigm Group by 0.8% in the third quarter. APG Asset Management N.V. now owns 223,329 shares of the aerospace company’s stock worth $57,094,000 after purchasing an additional 1,700 shares during the period. HPM Partners LLC lifted its position in Transdigm Group by 196.7% in the second quarter. HPM Partners LLC now owns 5,739 shares of the aerospace company’s stock worth $810,000 after purchasing an additional 3,805 shares during the period. Victory Capital Management Inc. lifted its position in Transdigm Group by 14.6% in the second quarter. Victory Capital Management Inc. now owns 25,758 shares of the aerospace company’s stock worth $6,926,000 after purchasing an additional 3,273 shares during the period. Swiss National Bank lifted its position in Transdigm Group by 2.2% in the second quarter. Swiss National Bank now owns 193,200 shares of the aerospace company’s stock worth $51,946,000 after purchasing an additional 4,200 shares during the period. Finally, Vanguard Group Inc. lifted its position in Transdigm Group by 1.6% in the second quarter. Vanguard Group Inc. now owns 4,824,369 shares of the aerospace company’s stock worth $1,297,129,000 after purchasing an additional 76,897 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.

Analyst Recommendations for Transdigm Group (NYSE:TDG)

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