Shares of TransDigm Group (NYSE:TDG) hit a new 52-week high and low during trading on Tuesday after SunTrust Banks raised their price target on the stock to $335.00. SunTrust Banks currently has a buy rating on the stock. TransDigm Group traded as low as $323.91 and last traded at $322.52, with a volume of 227302 shares traded. The stock had previously closed at $320.25.
Other analysts have also issued reports about the company. Morgan Stanley lifted their price objective on TransDigm Group from $306.00 to $321.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 12th. Bank of America lifted their price objective on TransDigm Group from $305.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Robert W. Baird lifted their price objective on TransDigm Group from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. 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. Finally, Jefferies Group set a $323.00 price objective on TransDigm Group and gave the stock a “hold” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. TransDigm Group has an average rating of “Buy” and a consensus target price of $326.57.
In other news, insider Alex Feil sold 5,444 shares of TransDigm Group stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $280.85, for a total transaction of $1,528,947.40. Following the transaction, the insider now owns 5,444 shares in the company, valued at approximately $1,528,947.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raymond F. Laubenthal sold 11,900 shares of TransDigm Group stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $318.24, for a total value of $3,787,056.00. Following the transaction, the director now owns 25,112 shares in the company, valued at approximately $7,991,642.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,644 shares of company stock worth $26,801,262. Company insiders own 11.45% of the company’s stock.
The company has a market cap of $16,140.14, a P/E ratio of 26.96, a P/E/G ratio of 1.58 and a beta of 0.77. The company has a quick ratio of 1.86, a current ratio of 2.76 and a debt-to-equity ratio of -4.38.
TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, February 6th. The aerospace company reported $2.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.64 by ($0.21). The firm had revenue of $847.96 million during the quarter, compared to the consensus estimate of $860.12 million. TransDigm Group had a net margin of 18.95% and a negative return on equity of 27.70%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.57 EPS. equities analysts forecast that TransDigm Group will post 16.69 earnings per share for the current year.
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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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