RBC Capital Downgrades TransDigm Group to Sector Perform (TDG)
TransDigm Group (NYSE:TDG) was downgraded by stock analysts at RBC Capital from an “outperform” rating to a “sector perform” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports. They currently have a $147.00 price objective on the stock, down from their previous price objective of $169.00. RBC Capital’s price target would suggest a potential upside of 1.38% from the company’s current price.
TransDigm Group (NYSE:TDG) opened at 141.86 on Wednesday. TransDigm Group has a 52-week low of $116.61 and a 52-week high of $164.62. The stock has a 50-day moving average of $140.9 and a 200-day moving average of $146.. The company has a market cap of $7.453 billion and a price-to-earnings ratio of 34.17.
TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 6th. The company reported $1.89 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.84 by $0.05. The company had revenue of $488.60 million for the quarter, compared to the consensus estimate of $488.67 million. During the same quarter in the prior year, the company posted $1.88 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts expect that TransDigm Group will post $6.84 EPS for the current fiscal year.
TDG has been the subject of a number of other recent research reports. Analysts at Barclays Capital downgraded shares of TransDigm Group (NYSE:TDG) from a “best ideas list” rating to an “outperform” rating in a research note to investors on Monday, August 19th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of TransDigm Group (NYSE:TDG) in a research note to investors on Tuesday, August 13th. They now have a $147.00 price target on the stock. Finally, analysts at Bank of America Corp. reiterated a “neutral” rating on shares of TransDigm Group (NYSE:TDG) in a research note to investors on Thursday, August 8th. They now have a $154.00 price target on the stock, up previously from $142.00.
Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $157.75.
In other TransDigm Group news, CEO W Nicholas Howley sold 15,000 shares of TransDigm Group stock on the open market in a transaction dated Thursday, September 12th. The stock was sold at an average price of $144.86, for a total transaction of $2,172,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
TransDigm Group Incorporated (NYSE:TDG), is a global designer, producer and supplier of aircraft components for use on commercial and military aircraft in service.
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