TransDigm Group PT Raised to $200.00 at Canaccord Genuity (TDG)
Analysts at Canaccord Genuity upped their price objective on shares of TransDigm Group (NYSE:TDG) from $190.00 to $200.00 in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price suggests a potential upside of 11.96% from the stock’s previous close.
TransDigm Group (NYSE:TDG) traded down 0.17% during mid-day trading on Wednesday, hitting $178.33. 375,685 shares of the company’s stock traded hands. TransDigm Group has a 52 week low of $134.48 and a 52 week high of $187.64. The stock’s 50-day moving average is $180.2 and its 200-day moving average is $167.0. The company has a market cap of $9.410 billion and a price-to-earnings ratio of 56.07.
TransDigm Group (NYSE:TDG) last released its earnings data on Tuesday, May 6th. The company reported $1.87 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.92 by $0.05. The company had revenue of $590.80 million for the quarter, compared to the consensus estimate of $585.54 million. During the same quarter last year, the company posted $1.74 earnings per share. TransDigm Group’s revenue was up 26.9% compared to the same quarter last year. On average, analysts predict that TransDigm Group will post $7.72 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at DA Davidson reiterated a “neutral” rating on shares of TransDigm Group in a research note on Wednesday. They now have a $190.00 price target on the stock, up previously from $180.00. Separately, analysts at Deutsche Bank raised their price target on shares of TransDigm Group from $188.00 to $197.00 in a research note on Monday, April 7th. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of TransDigm Group from $197.00 to $211.00 in a research note on Friday, March 21st. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $188.18.
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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