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.

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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.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.64 by ($0.21). The company had revenue of $847.96 million for the quarter, compared to analyst estimates of $860.12 million. TransDigm Group had a negative return on equity of 27.70% and a net margin of 18.95%. TransDigm Group’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.57 earnings per share. equities analysts forecast that TransDigm Group will post 16.69 EPS for the current year.

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.

The Fly

Analyst Recommendations for TransDigm Group (NYSE:TDG)

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