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TransDigm Group (NYSE:TDG) was downgraded by analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.

TransDigm Group (NYSE:TDG) traded down 0.39% during mid-day trading on Friday, hitting $164.14. 160,795 shares of the company’s stock traded hands. TransDigm Group has a 52 week low of $133.00 and a 52 week high of $165.11. The stock has a 50-day moving average of $157.0 and a 200-day moving average of $146.8. The company has a market cap of $8.645 billion and a P/E ratio of 69.01.

TransDigm Group (NYSE:TDG) last announced its earnings results on Thursday, November 14th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.04. The company had revenue of $539.70 million for the quarter, compared to the consensus estimate of $536.17 million. During the same quarter in the previous year, the company posted $1.72 earnings per share. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, analysts predict that TransDigm Group will post $7.39 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of TransDigm Group from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, December 20th. They now have a $162.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of TransDigm Group from $160.00 to $170.00 in a research note to investors on Friday, November 22nd. Finally, analysts at RBC Capital raised their price target on shares of TransDigm Group from $147.00 to $154.00 in a research note to investors on Friday, November 15th. They now have a “sector perform” rating on the stock. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. TransDigm Group currently has a consensus rating of “Buy” and a consensus target price of $163.78.

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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