TransDigm Group (NYSE:TDG) had its price objective increased by Bank of America from $600.00 to $670.00 in a research report issued on Wednesday, BenzingaRatingsTable reports. The firm presently has a “buy” rating on the aerospace company’s stock. Bank of America‘s target price would suggest a potential upside of 18.57% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. Jefferies Financial Group upped their price target on shares of TransDigm Group from $480.00 to $550.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Credit Suisse Group increased their price objective on TransDigm Group from $584.00 to $623.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. ValuEngine cut TransDigm Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Canaccord Genuity boosted their target price on TransDigm Group from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Morgan Stanley dropped their target price on TransDigm Group from $570.00 to $560.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $587.17.
Shares of TDG opened at $565.05 on Wednesday. The company’s 50 day moving average price is $545.95 and its 200 day moving average price is $511.20. TransDigm Group has a 52 week low of $311.46 and a 52 week high of $581.07. The company has a market capitalization of $30.37 billion, a PE ratio of 33.32, a PEG ratio of 2.52 and a beta of 0.96.
TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, November 19th. The aerospace company reported $5.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.85 by $0.77. TransDigm Group had a net margin of 16.06% and a negative return on equity of 58.95%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the firm earned $4.44 EPS. The company’s revenue was up 46.9% compared to the same quarter last year. As a group, equities analysts predict that TransDigm Group will post 19.85 earnings per share for the current year.
In other TransDigm Group news, Chairman W Nicholas Howley sold 17,083 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $521.36, for a total transaction of $8,906,392.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Bernt G. Iversen II sold 8,333 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $564.87, for a total transaction of $4,707,061.71. Following the transaction, the executive vice president now directly owns 12,643 shares in the company, valued at $7,141,651.41. The disclosure for this sale can be found here. Insiders have sold a total of 110,948 shares of company stock worth $58,667,331 in the last 90 days. 11.00% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP bought a new position in shares of TransDigm Group in the 1st quarter valued at approximately $47,000. Greenleaf Trust acquired a new stake in shares of TransDigm Group in the second quarter worth $211,000. Hartford Investment Management Co. boosted its holdings in shares of TransDigm Group by 0.8% during the 2nd quarter. Hartford Investment Management Co. now owns 5,358 shares of the aerospace company’s stock worth $2,592,000 after buying an additional 43 shares during the period. Sumitomo Life Insurance Co. boosted its holdings in shares of TransDigm Group by 4.1% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 3,776 shares of the aerospace company’s stock worth $1,827,000 after buying an additional 149 shares during the period. Finally, Creative Planning boosted its holdings in shares of TransDigm Group by 48.7% during the 2nd quarter. Creative Planning now owns 2,845 shares of the aerospace company’s stock worth $1,376,000 after buying an additional 932 shares during the period. Institutional investors own 99.27% of the company’s stock.
TransDigm Group Company Profile
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
Read More: 52-Week High/Low
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.