TransDigm Group Incorporated (TDG) Receives $284.14 Average Price Target from Analysts

TransDigm Group Incorporated (NYSE:TDG) has been assigned an average recommendation of “Buy” from the nineteen research firms that are currently covering the stock. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $280.66.

Several research analysts recently issued reports on TDG shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $305.00 target price on shares of TransDigm Group in a research report on Tuesday, January 24th. Canaccord Genuity reissued a “buy” rating and issued a $325.00 price objective on shares of TransDigm Group in a report on Monday, January 23rd. Zacks Investment Research raised TransDigm Group from a “sell” rating to a “buy” rating and set a $283.00 price objective on the stock in a report on Monday, February 13th. Vetr lowered TransDigm Group from a “strong-buy” rating to a “buy” rating and set a $279.83 price objective on the stock. in a report on Thursday, February 9th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $298.00 price objective on shares of TransDigm Group in a report on Thursday, February 9th.

TransDigm Group (NYSE:TDG) opened at 255.56 on Monday. The company has a 50 day moving average of $241.28 and a 200-day moving average of $244.63. TransDigm Group has a one year low of $203.72 and a one year high of $294.38. The stock has a market capitalization of $13.29 billion, a P/E ratio of 29.00 and a beta of 0.49.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 9th. The aerospace company reported $3.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.85 by $0.17. TransDigm Group had a negative return on equity of 58.47% and a net margin of 13.91%. The company had revenue of $873.23 million for the quarter, compared to analyst estimates of $894.37 million. During the same period in the prior year, the company posted $2.86 EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities research analysts predict that TransDigm Group will post $12.26 earnings per share for the current fiscal year.

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In other TransDigm Group news, VP Robert S. Henderson sold 10,000 shares of the stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $251.06, for a total transaction of $2,510,600.00. Following the transaction, the vice president now owns 35,000 shares in the company, valued at $8,787,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jorge Valladares sold 6,000 shares of the stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $245.00, for a total value of $1,470,000.00. Following the transaction, the insider now owns 15,000 shares in the company, valued at approximately $3,675,000. The disclosure for this sale can be found here. Insiders have sold 22,000 shares of company stock worth $5,498,540 in the last quarter. 10.52% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. Matrix Capital Management Company LP acquired a new position in shares of TransDigm Group during the third quarter worth about $178,613,000. Valinor Management L.P. purchased a new position in shares of TransDigm Group during the first quarter worth approximately $113,220,000. TimesSquare Capital Management LLC boosted its position in shares of TransDigm Group by 146.8% in the first quarter. TimesSquare Capital Management LLC now owns 661,625 shares of the aerospace company’s stock worth $145,663,000 after buying an additional 393,525 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of TransDigm Group during the fourth quarter worth approximately $96,924,000. Finally, Morgan Stanley boosted its position in shares of TransDigm Group by 37.7% in the first quarter. Morgan Stanley now owns 1,408,740 shares of the aerospace company’s stock worth $310,149,000 after buying an additional 385,775 shares during the last quarter.

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.

12 Month Chart for NYSE:TDG

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