TransDigm Group Coverage Initiated at Canaccord Genuity (TDG)
Investment analysts at Canaccord Genuity initiated coverage on shares of TransDigm Group (NYSE:TDG) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
The analysts wrote, “We are initiating coverage of TransDigm with a BUY rating and a $165 price target. We like TDG for the cash deployment catalysts, acquisitions, and execution capabilities.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated an “underperform” rating on shares of TransDigm Group in a research note to investors on Wednesday, September 25th. They now have a $124.00 price target on the stock. Separately, analysts at RBC Capital downgraded shares of TransDigm Group from an “outperform” rating to a “sector perform” rating in a research note to investors on Wednesday, September 18th. They now have a $147.00 price target on the stock, down previously from $169.00. Finally, analysts at Barclays Capital downgraded shares of TransDigm Group from a “best ideas list” rating to an “outperform” rating in a research note to investors on Monday, August 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $154.88.
Shares of TransDigm Group (NYSE:TDG) opened at 137.86 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 $139.6 and a 200-day moving average of $146.. The company has a market cap of $7.243 billion and a P/E ratio of 32.48.
TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.89 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.88 earnings per share. TransDigm Group’s revenue was up 5.8% compared to the same quarter last year. On average, analysts predict that TransDigm Group will post $6.84 earnings per share for the current fiscal year.
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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