The Goldman Sachs Group Boosts TransDigm Group (NYSE:TDG) Price Target to $1,518.00

TransDigm Group (NYSE:TDG) had its price target raised by analysts at The Goldman Sachs Group from $1,285.00 to $1,518.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. The Goldman Sachs Group’s price target points to a potential upside of 25.18% from the stock’s previous close.

TDG has been the subject of a number of other research reports. Stifel Nicolaus lifted their target price on shares of TransDigm Group from $1,000.00 to $1,050.00 and gave the stock a “hold” rating in a research report on Tuesday, January 23rd. Barclays lifted their price target on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Monday, February 12th. Royal Bank of Canada lifted their target price on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. lifted their target price on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,153.27.

TransDigm Group Stock Up 0.4 %

Shares of NYSE TDG traded up $5.11 on Tuesday, reaching $1,212.61. 11,698 shares of the company’s stock traded hands, compared to its average volume of 206,284. TransDigm Group has a 12 month low of $741.74 and a 12 month high of $1,248.39. The business’s 50 day simple moving average is $1,186.50 and its two-hundred day simple moving average is $1,038.41. The company has a market cap of $67.43 billion, a price-to-earnings ratio of 51.59, a price-to-earnings-growth ratio of 2.49 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last posted its earnings results on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the firm posted $4.15 EPS. The firm’s revenue was up 28.1% on a year-over-year basis. Analysts forecast that TransDigm Group will post 29.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TransDigm Group news, CFO Sarah Wynne sold 5,850 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $1,159.00, for a total transaction of $6,780,150.00. Following the completion of the transaction, the chief financial officer now directly owns 700 shares in the company, valued at approximately $811,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other TransDigm Group news, CFO Sarah Wynne sold 5,850 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $1,159.00, for a total transaction of $6,780,150.00. Following the completion of the transaction, the chief financial officer now directly owns 700 shares in the company, valued at approximately $811,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Michael Lisman sold 8,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $1,198.50, for a total transaction of $9,588,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,087 shares of company stock worth $53,979,458. 4.96% of the stock is owned by insiders.

Institutional Investors Weigh In On TransDigm Group

Several hedge funds have recently modified their holdings of TDG. Deutsche Bank AG boosted its position in shares of TransDigm Group by 1,947.8% in the third quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock worth $2,859,376,000 after acquiring an additional 3,225,771 shares during the last quarter. Norges Bank acquired a new stake in TransDigm Group in the fourth quarter worth about $790,822,000. Price T Rowe Associates Inc. MD lifted its holdings in TransDigm Group by 128.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 818,757 shares of the aerospace company’s stock worth $603,465,000 after purchasing an additional 459,787 shares during the period. JPMorgan Chase & Co. raised its holdings in TransDigm Group by 46.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock worth $933,765,000 after buying an additional 349,409 shares during the period. Finally, Cerity Partners LLC raised its holdings in TransDigm Group by 34,288.0% during the 4th quarter. Cerity Partners LLC now owns 205,640 shares of the aerospace company’s stock worth $208,025,000 after buying an additional 205,042 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The 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, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.