TransDigm Group’s “Neutral” Rating Reaffirmed at Zacks (TDG)
TransDigm Group (NYSE:TDG)‘s stock had its “neutral” rating reiterated by Zacks in a report issued on Friday. They currently have a $183.00 target price on the stock. Zacks‘s price target would indicate a potential upside of 5.16% from the company’s current price.
Zacks’ analyst wrote, “TransDigm Group is a leading global designer, producer and supplier of highly engineered aircraft components. The company reported strong third-quarter results registering growth in both sales and earnings. TransDigm has also executed a number of strategic acquisitions and has successfully integrated these businesses. The company’s strong cash flow and well-planned capital structure are also likely to enhance shareholders’ value. However, we are maintaining a cautious stance due to increased debt levels. Also, volatile economic and political conditions remain a drag. Taking these factors into consideration, we have reiterated our Neutral recommendation on the stock with a target price of $183.”
A number of other analysts have also recently weighed in on TDG. Analysts at RBC Capital raised their price target on shares of TransDigm Group from $170.00 to $187.00 in a research note on Wednesday. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of TransDigm Group from $170.00 to $180.00 in a research note on Wednesday. They now have a “neutral” rating on the stock. Finally, 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. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. TransDigm Group presently has a consensus rating of “Buy” and an average price target of $190.21.
TransDigm Group (NYSE:TDG) traded down 0.30% on Friday, hitting $173.50. The stock had a trading volume of 199,269 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 $169.4 and a 200-day moving average of $177.0. The company has a market cap of $9.182 billion and a price-to-earnings ratio of 163.40.
TransDigm Group (NYSE:TDG) last released its earnings data 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. Analysts expect that TransDigm Group will post $7.57 EPS for the current fiscal year.
In other TransDigm Group news, Insider Michael D. Borowski sold 3,000 shares of the stock on the open market in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $173.46, for a total transaction of $520,380.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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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