TransDigm Group Inc. (NYSE:TDG) Given Consensus Rating of “Hold” by Analysts
Shares of TransDigm Group Inc. (NYSE:TDG) have earned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the company. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $294.78.
TDG has been the topic of a number of analyst reports. Jefferies Group set a $340.00 target price on shares of TransDigm Group and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research cut shares of TransDigm Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Royal Bank Of Canada reissued an “outperform” rating and issued a $271.00 target price on shares of TransDigm Group in a research note on Saturday, June 25th. Morgan Stanley initiated coverage on shares of TransDigm Group in a research note on Thursday, June 23rd. They issued an “equal weight” rating and a $287.00 target price on the stock. Finally, KeyCorp raised shares of TransDigm Group from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, June 29th.
TransDigm Group (NYSE:TDG) traded down 2.00% on Friday, reaching $279.78. 553,905 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $286.12 and its 200 day moving average price is $260.75. TransDigm Group has a 52-week low of $180.76 and a 52-week high of $294.38. The firm has a market capitalization of $14.90 billion, a PE ratio of 29.59 and a beta of 0.72.
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TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 9th. The company reported $3.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.82 by $0.27. The business had revenue of $797.70 million for the quarter, compared to analysts’ expectations of $805.23 million. TransDigm Group had a net margin of 17.25% and a negative return on equity of 62.15%. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.26 earnings per share. On average, analysts predict that TransDigm Group will post $11.39 EPS for the current fiscal year.
In related news, insider Bernt G. Iversen II sold 10,000 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $278.81, for a total value of $2,788,100.00. Following the completion of the sale, the insider now owns 15,010 shares of the company’s stock, valued at $4,184,938.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Roger Jones sold 7,500 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $285.92, for a total value of $2,144,400.00. Following the completion of the sale, the insider now directly owns 11,500 shares of the company’s stock, valued at approximately $3,288,080. The disclosure for this sale can be found here. Company insiders own 9.30% of the company’s stock.
A number of hedge funds have recently made changes to their positions in TDG. Fifth Third Bancorp raised its stake in shares of TransDigm Group by 2.1% in the second quarter. Fifth Third Bancorp now owns 578 shares of the company’s stock worth $152,000 after buying an additional 12 shares during the last quarter. Advisory Services Network LLC raised its position in shares of TransDigm Group by 341.5% in the second quarter. Advisory Services Network LLC now owns 702 shares of the company’s stock valued at $185,000 after buying an additional 543 shares in the last quarter. Seven Eight Capital LLC purchased a new position in shares of TransDigm Group during the first quarter valued at approximately $195,000. Tower Research Capital LLC TRC purchased a new position in shares of TransDigm Group during the second quarter valued at approximately $196,000. Finally, Global X Management Co. LLC raised its position in shares of TransDigm Group by 75.1% in the second quarter. Global X Management Co. LLC now owns 795 shares of the company’s stock valued at $210,000 after buying an additional 341 shares in the last quarter. 87.73% of the stock is owned by institutional investors.
TransDigm Group Company Profile
TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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