TransDigm Group Sets New 52-Week High at $187.97 (TDG)
TransDigm Group (NYSE:TDG)’s share price reached a new 52-week high on Tuesday , Analyst RN reports. The company traded as high as $187.97 and last traded at $183.60, with a volume of 182,468 shares traded. The stock had previously closed at $186.64.
TDG has been the subject of a number of recent research reports. Analysts at Goldman Sachs reiterated a “buy” rating on shares of TransDigm Group in a research note on Tuesday, May 13th. 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. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $187.71.
The stock’s 50-day moving average is $180.0 and its 200-day moving average is $169.5. The company has a market cap of $9.678 billion and a P/E ratio of 54.11.
TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.87 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $1.74 earnings per share. The company’s quarterly revenue was up 26.9% on a year-over-year basis. On average, analysts predict that TransDigm Group will post $7.70 earnings per share for the current fiscal year.
In other TransDigm Group news, COO Raymond Laubenthal sold 1,950 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $183.20, for a total value of $357,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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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