JPMorgan Chase & Co. Raises TransDigm Group (TDG) Price Target to $365.00

TransDigm Group (NYSE:TDG) had its price objective raised by JPMorgan Chase & Co. from $330.00 to $365.00 in a research note published on Friday morning. JPMorgan Chase & Co. currently has an underweight rating on the aerospace company’s stock.

A number of other research analysts have also weighed in on TDG. Morgan Stanley raised their target price on shares of TransDigm Group from $306.00 to $321.00 and gave the company an equal weight rating in a report on Thursday, April 12th. Zacks Investment Research lowered shares of TransDigm Group from a buy rating to a hold rating in a report on Thursday, April 12th. SunTrust Banks raised their target price on shares of TransDigm Group to $335.00 and gave the company a buy rating in a report on Monday, April 16th. Canaccord Genuity raised their target price on shares of TransDigm Group from $330.00 to $350.00 and gave the company a buy rating in a report on Monday, April 30th. Finally, Cowen reissued a hold rating on shares of TransDigm Group in a report on Tuesday, May 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. TransDigm Group presently has a consensus rating of Buy and a consensus price target of $360.00.

Shares of TDG opened at $356.03 on Friday. The company has a quick ratio of 2.09, a current ratio of 4.14 and a debt-to-equity ratio of -5.96. TransDigm Group has a 1 year low of $249.57 and a 1 year high of $377.67. The company has a market cap of $18.79 billion, a price-to-earnings ratio of 29.64, a P/E/G ratio of 1.85 and a beta of 0.85.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 7th. The aerospace company reported $4.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.06). TransDigm Group had a net margin of 20.68% and a negative return on equity of 29.79%. The company had revenue of $980.70 million for the quarter, compared to analysts’ expectations of $995.06 million. During the same period last year, the business earned $3.30 earnings per share. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. analysts forecast that TransDigm Group will post 16.85 earnings per share for the current fiscal year.

In other TransDigm Group news, insider Roger Jones sold 5,000 shares of TransDigm Group stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $323.78, for a total transaction of $1,618,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Skulina sold 10,000 shares of TransDigm Group stock in a transaction on Monday, June 11th. The stock was sold at an average price of $342.53, for a total transaction of $3,425,300.00. Following the transaction, the insider now directly owns 14,000 shares of the company’s stock, valued at $4,795,420. The disclosure for this sale can be found here. Insiders have sold 43,800 shares of company stock valued at $15,097,846 over the last ninety days. 11.45% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of TDG. Smithfield Trust Co. boosted its stake in TransDigm Group by 800.0% during the second quarter. Smithfield Trust Co. now owns 315 shares of the aerospace company’s stock worth $108,000 after buying an additional 280 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in TransDigm Group by 45.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 646 shares of the aerospace company’s stock worth $177,000 after buying an additional 202 shares during the period. Piedmont Investment Advisors LLC purchased a new position in TransDigm Group during the second quarter worth $190,000. JMG Financial Group Ltd. purchased a new position in TransDigm Group during the second quarter worth $203,000. Finally, BB&T Securities LLC purchased a new position in TransDigm Group during the second quarter worth $204,000.

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.

See Also: Growth Stocks

Analyst Recommendations for TransDigm Group (NYSE:TDG)

Receive News & Ratings for TransDigm Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply