SunTrust Banks Increases TransDigm Group (TDG) Price Target to $335.00
TransDigm Group (NYSE:TDG) had its price target boosted by SunTrust Banks to $335.00 in a research report report published on Monday morning, The Fly reports. They currently have a buy rating on the aerospace company’s stock.
Several other equities analysts have also issued reports on TDG. Jefferies Group reiterated a hold rating and issued a $285.00 price objective on shares of TransDigm Group in a research report on Monday, January 8th. Royal Bank of Canada set a $370.00 price objective on TransDigm Group and gave the company a buy rating in a research report on Wednesday, January 24th. Cowen reiterated a hold rating and issued a $290.00 price objective on shares of TransDigm Group in a research report on Monday, January 29th. Canaccord Genuity reiterated a buy rating and issued a $330.00 price objective on shares of TransDigm Group in a research report on Friday, February 2nd. Finally, Credit Suisse Group reiterated an outperform rating and issued a $337.00 price objective (up from $320.00) on shares of TransDigm Group in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $326.57.
TransDigm Group stock opened at $320.25 on Monday. The stock has a market cap of $16,140.14, a PE ratio of 26.67, a P/E/G ratio of 1.58 and a beta of 0.77. TransDigm Group has a 1 year low of $229.59 and a 1 year high of $321.38. The company has a debt-to-equity ratio of -4.38, a current ratio of 2.76 and a quick ratio of 1.86.
In other TransDigm Group news, Director Raymond F. Laubenthal sold 11,900 shares of the company’s stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $318.24, for a total transaction of $3,787,056.00. Following the completion of the transaction, the director now owns 25,112 shares of the company’s stock, valued at approximately $7,991,642.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Robert S. Henderson sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 27th. The stock was sold at an average price of $311.12, for a total value of $3,111,200.00. Following the transaction, the vice president now directly owns 35,000 shares of the company’s stock, valued at approximately $10,889,200. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 88,644 shares of company stock valued at $26,801,262. Insiders own 11.45% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Vident Investment Advisory LLC boosted its position in TransDigm Group by 75.4% during the 3rd quarter. Vident Investment Advisory LLC now owns 1,179 shares of the aerospace company’s stock worth $301,000 after acquiring an additional 507 shares during the last quarter. Alps Advisors Inc. acquired a new position in TransDigm Group during the 4th quarter worth approximately $205,000. BlackRock Inc. boosted its position in TransDigm Group by 1.2% during the 4th quarter. BlackRock Inc. now owns 4,156,622 shares of the aerospace company’s stock worth $1,141,491,000 after acquiring an additional 48,978 shares during the last quarter. Vantage Financial Partners Ltd. Inc. raised its stake in shares of TransDigm Group by 65.0% during the 4th quarter. Vantage Financial Partners Ltd. Inc. now owns 3,300 shares of the aerospace company’s stock worth $901,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its stake in shares of TransDigm Group by 23.3% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 4,635 shares of the aerospace company’s stock worth $1,273,000 after purchasing an additional 877 shares in the last quarter.
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TransDigm Group Company Profile
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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