Several analysts have recently updated their ratings and price targets for Transdigm Group (NYSE: TDG):

  • 6/13/2017 – Transdigm Group had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $305.00 price target on the stock.
  • 6/6/2017 – Transdigm Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $303.00 price target on the stock. According to Zacks, “TransDigm has a striking earnings surprise history, having beaten estimates each time over the four trailing quarters. TransDigm has been posting strong revenue growth, driven by strong commercial aftermarket revenues, organic growth as well as by its acquired businesses including Data Device Corporation, Young & Franklin/Tactair and Schroth. Successful productivity efforts and favorable product mix has been a boost for the company’s profits lately. Particularly, commercial aftermarket revenues are enjoying robust growth momentum. TransDigm expects to continue its growth momentum on the back of commercial aftermarket and commercial OEM strength. However, mounting interest expenses and escalating debt burden continue to bother its financials. The company’s shares have also underperformed the Zacks categorized Aerospace/Defense Equipment industry’s average return over the past one year.”
  • 6/6/2017 – Transdigm Group had its “buy” rating reaffirmed by analysts at Jefferies Group LLC.
  • 6/6/2017 – Transdigm Group had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $300.00 price target on the stock, up previously from $262.00.
  • 6/5/2017 – Transdigm Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TransDigm’s earnings have beaten estimates each time over the four trailing quarters. The company has been posting strong revenue growth, driven by strong commercial aftermarket revenues, organic growth as well as by its acquired businesses including Data Device Corporation, Young & Franklin/Tactair and Schroth. Successful productivity efforts and favorable product mix has been a boost for the company’s profits lately. TransDigm expects to continue its growth momentum on the back of commercial aftermarket and commercial OEM strength. However, mounting interest expenses and escalating debt burden continue to bother its financials. TransDigm is currently seeing some negative trends, like weaker defense aftermarket orders and soft business jet, helicopter and freighter revenues. The company’s shares have also underperformed the Zacks categorized Aerospace/Defense Equipment industry’s average return over the past one year.”
  • 5/25/2017 – Transdigm Group had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $300.00 price target on the stock.
  • 5/19/2017 – Transdigm Group had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $316.00 price target on the stock.
  • 5/15/2017 – Transdigm Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $272.00 price target on the stock. According to Zacks, “TransDigm reported striking second-quarter fiscal 2017 results, as earnings beat estimates, and registered an increase of nearly 6% year over year. While successful productivity efforts and favorable product mix boosted profits, revenue growth was driven by contribution from TransDigm’s acquired businesses, including Data Device Corporation, Young & Franklin/Tactair and Schroth. Particularly, commercial aftermarket revenues sustained their robust momentum and contributed substantially to top line expansion. TransDigm expects to continue its growth momentum on the back of commercial aftermarket and commercial OEM strength. However, over the past one year, TransDigm’s shares have underperformed the Zacks categorized Aerospace/Defense Equipment industry’s average return. Decline in business jet aftermarket revenues, escalating debt burden and a sharp rise in interest expenses continue to be matters of concern for TransDigm.”
  • 5/10/2017 – Transdigm Group had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $300.00 price target on the stock.
  • 5/8/2017 – Transdigm Group had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $298.00 price target on the stock.
  • 4/24/2017 – Transdigm Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “TransDigm has a striking earnings surprise history, having beaten estimates each time over the four trailing quarters. The company has been posting strong revenue growth, driven by strong commercial aftermarket revenues, organic growth as well as by its acquired businesses like Data Device, PneuDraulics and Breeze. Successful productivity efforts and favorable product mix has been a boost for the company’s profits lately. Encouraged by the impressive growth drivers, the company recently raised its earnings guidance for fiscal year 2016 once again. However, mounting interest expenses and escalating debt burden continue to bother its financials. TransDigm is currently seeing some negative trends, like weaker defense aftermarket orders and soft business jet, helicopter and freighter revenues. The company’s shares have also underperformed the Zacks categorized Aerospace/Defense Equipment industry’s average return over the past six months.”

Shares of Transdigm Group Incorporated (NYSE:TDG) traded down 0.17% on Thursday, hitting $267.50. The stock had a trading volume of 371,191 shares. The company has a market capitalization of $13.92 billion, a price-to-earnings ratio of 30.36 and a beta of 0.59. The company has a 50-day moving average of $260.12 and a 200 day moving average of $245.60. Transdigm Group Incorporated has a 52 week low of $203.72 and a 52 week high of $294.38.

Transdigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 9th. The aerospace company reported $3.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.17. The company had revenue of $873.23 million during the quarter, compared to analyst estimates of $894.37 million. Transdigm Group had a negative return on equity of 47.38% and a net margin of 14.10%. Transdigm Group’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.86 earnings per share. On average, equities research analysts predict that Transdigm Group Incorporated will post $12.28 EPS for the current year.

In other news, insider Jorge Valladares sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $265.53, for a total value of $1,593,180.00. Following the completion of the transaction, the insider now directly owns 15,000 shares of the company’s stock, valued at $3,982,950. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.52% of the company’s stock.

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The 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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