TransDigm Group Price Target Raised to $190.00 at RBC Capital (TDG)
Stock analysts at RBC Capital boosted their target price on shares of TransDigm Group (NYSE:TDG) from $3.00 to $190.00 in a report issued on Tuesday. RBC Capital’s price target indicates a potential upside of 1.07% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of TransDigm Group in a research note on Friday, August 8th. They now have a $183.00 price target on the stock. 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, August 6th. 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. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. TransDigm Group currently has an average rating of “Buy” and an average price target of $193.23.
Shares of TransDigm Group (NYSE:TDG) traded up 0.08% during mid-day trading on Tuesday, hitting $188.14. 108,196 shares of the company’s stock traded hands. 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 $175. and a 200-day moving average of $178.. The company has a market cap of $9.917 billion and a P/E ratio of 175.69.
TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 5th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the 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, CEO W Nicholas Howley purchased 15,920 shares of TransDigm Group stock on the open market in a transaction dated Tuesday, August 26th. The stock was purchased at an average cost of $188.19 per share, for a total transaction of $2,995,984.80. The purchase was disclosed in a document filed 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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