TransDigm Group Receives “Outperform” Rating from Credit Suisse (TDG)
TransDigm Group (NYSE:TDG)‘s stock had its “outperform” rating reiterated by Credit Suisse in a research note issued on Friday. They currently have a $230.00 price target on the stock, up from their previous price target of $171.77. Credit Suisse’s price target suggests a potential upside of 38.88% from the stock’s previous close.
Shares of TransDigm Group (NYSE:TDG) traded up 0.20% during mid-day trading on Friday, hitting $165.94. The stock had a trading volume of 109,061 shares. TransDigm Group has a 1-year low of $134.48 and a 1-year high of $198.29. The stock has a 50-day moving average of $177.6 and a 200-day moving average of $176.2. The company has a market cap of $8.782 billion and a price-to-earnings ratio of 48.02.
TransDigm Group (NYSE:TDG) last posted its quarterly earnings results 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 $7.58 earnings per share for the current fiscal year.
A number of other firms have also recently commented on TDG. Analysts at Deutsche Bank reiterated a “buy” rating on shares of TransDigm Group in a research note on Tuesday, June 17th. They now have a $190.00 price target on the stock, down previously from $200.00. Separately, analysts at RBC Capital cut their price target on shares of TransDigm Group from $188.00 to $170.00 in a research note on Tuesday, June 10th. They now have a “sector perform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of TransDigm Group in a research note on Thursday, May 22nd. They now have a $194.00 price target on the stock. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $189.07.
In other TransDigm Group news, COO Raymond F. Laubenthal unloaded 16,205 shares of the company’s stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $166.18, for a total value of $2,692,946.90. The sale was disclosed in a legal filing with the SEC, 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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