TransDigm Group Given New $186.00 Price Target at CRT Capital (TDG)
Stock analysts at CRT Capital raised their price target on shares of TransDigm Group (NYSE:TDG) from $163.00 to $186.00 in a report issued on Friday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. CRT Capital’s price objective suggests a potential upside of 7.90% from the company’s current price.
TransDigm Group (NYSE:TDG) traded up 0.09% on Friday, hitting $172.38. The stock had a trading volume of 513,938 shares. TransDigm Group has a one year low of $134.48 and a one year high of $176.26. The stock has a 50-day moving average of $166.1 and a 200-day moving average of $149.4. The company has a market cap of $9.079 billion and a P/E ratio of 72.12.
TransDigm Group (NYSE:TDG) last released its earnings data on Tuesday, February 4th. The company reported $1.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.56 by $0.10. The company had revenue of $529.30 million for the quarter, compared to the consensus estimate of $503.25 million. During the same quarter in the prior year, the company posted $1.51 earnings per share. The company’s quarterly revenue was up 23.0% on a year-over-year basis. On average, analysts predict that TransDigm Group will post $7.65 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley upgraded shares of TransDigm Group to an “overweight” rating in a research note to investors on Wednesday. They now have a $185.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of TransDigm Group from $165.00 to $179.00 in a research note to investors on Wednesday. They now have a “sector perform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of TransDigm Group from $170.00 to $190.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $178.64.
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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