TransDigm Group Receives Average Recommendation of “Buy” from Brokerages (NYSE:TDG)
TransDigm Group (NYSE:TDG) has earned a consensus rating of “Buy” from the sixteen brokerages that are presently covering the company, Analyst Ratings Network reports. Five analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $187.71.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs reiterated a “buy” rating on shares of TransDigm Group in a research note on Tuesday. Separately, analysts at Citigroup Inc. reiterated an “overweight” rating on shares of TransDigm Group in a research note on Wednesday, May 7th. They now have a $200.00 price target on the stock, up previously from $190.00. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of TransDigm Group in a research note on Wednesday, May 7th. They now have a $197.00 price target on the stock, up previously from $196.00.
Shares of TransDigm Group (NYSE:TDG) traded down 0.46% during mid-day trading on Friday, hitting $182.75. 92,196 shares of the company’s stock traded hands. TransDigm Group has a one year low of $134.48 and a one year high of $187.64. The stock has a 50-day moving average of $179.9 and a 200-day moving average of $168.6. The company has a market cap of $9.672 billion and a P/E ratio of 53.23.
TransDigm Group (NYSE:TDG) last issued its quarterly 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. Analysts expect that TransDigm Group will post $7.71 EPS for the current fiscal year.
In other TransDigm Group news, CFO Gregory Rufus sold 10,000 shares of TransDigm Group stock on the open market in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $183.36, for a total value of $1,833,600.00. Following the completion of the sale, the chief financial officer now directly owns 5,000 shares of the company’s stock, valued at approximately $916,800. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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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