TransDigm Group Given Average Recommendation of “Buy” by Analysts (NYSE:TDG)
TransDigm Group (NYSE:TDG) has received a consensus rating of “Buy” from the sixteen ratings firms that are covering the company, American Banking and Market News reports. Five analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $189.07.
TransDigm Group (NYSE:TDG) traded down 0.02% on Tuesday, hitting $169.90. The stock had a trading volume of 31,825 shares. TransDigm Group has a 52-week low of $134.48 and a 52-week high of $198.29. The stock has a 50-day moving average of $169.1 and a 200-day moving average of $177.. The company has a market cap of $8.992 billion and a price-to-earnings ratio of 49.27.
TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 5th. The company reported $2.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.98 by $0.04. The company had revenue of $610.60 million for the quarter, compared to the consensus estimate of $612.33 million. During the same quarter in the prior year, the company posted $1.89 earnings per share. The company’s quarterly revenue was up 25.0% on a year-over-year basis. On average, analysts predict that TransDigm Group will post $7.55 earnings per share for the current fiscal year.
A number of research firms have recently commented on TDG. Analysts at Credit Suisse reiterated an “outperform” rating on shares of TransDigm Group in a research note on Friday, July 11th. They now have a $230.00 price target on the stock, up previously from $171.77. Separately, 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. Finally, 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.
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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