Share on StockTwits

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.

To view Zacks’ full report, visit Zacks’ official website.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.