TransDigm Group Upgraded to Buy at Bank of America (TDG)
In other TransDigm Group news, CEO W Nicholas Howley acquired 15,920 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was purchased at an average cost of $188.19 per share, with a total value of $2,995,984.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
TransDigm Group (NYSE:TDG) opened at 188.50 on Friday. TransDigm Group has a 52 week low of $134.48 and a 52 week high of $198.29. The stock’s 50-day moving average is $177.4 and its 200-day moving average is $178.6. The company has a market cap of $9.936 billion and a price-to-earnings ratio of 175.54.
TransDigm Group (NYSE:TDG) last released its earnings data 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 previous year, the company posted $1.89 earnings per share. The company’s revenue for the quarter was up 25.0% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of TransDigm Group from $3.00 to $190.00 in a research note on Tuesday. Separately, 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. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. TransDigm Group presently has an average rating of “Buy” and an average price target of $193.23.
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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