Jefferies Group LLC Reaffirms “Buy” Rating for Transdigm Group Incorporated (TDG)
Transdigm Group Incorporated (NYSE:TDG)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Group LLC in a research report issued on Friday. They currently have a $283.00 target price on the aerospace company’s stock. Jefferies Group LLC’s target price suggests a potential upside of 0.30% from the company’s previous close.
A number of other brokerages also recently weighed in on TDG. Canaccord Genuity reissued a “buy” rating and issued a $300.00 price target on shares of Transdigm Group in a report on Wednesday, March 22nd. Zacks Investment Research downgraded shares of Transdigm Group from a “buy” rating to a “hold” rating in a report on Monday, June 5th. Deutsche Bank AG reissued a “neutral” rating on shares of Transdigm Group in a report on Friday, April 14th. Royal Bank Of Canada reissued a “buy” rating and issued a $316.00 price target on shares of Transdigm Group in a report on Tuesday, April 18th. Finally, Stephens initiated coverage on shares of Transdigm Group in a report on Thursday, April 13th. They issued an “equal weight” rating and a $233.00 price target for the company. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $285.43.
Transdigm Group (TDG) traded up 2.49% during trading on Friday, reaching $282.14. 737,861 shares of the company’s stock traded hands. The stock has a market capitalization of $14.68 billion, a P/E ratio of 32.02 and a beta of 0.55. Transdigm Group has a 12 month low of $203.72 and a 12 month high of $294.38. The company has a 50-day moving average of $263.65 and a 200 day moving average of $246.51.
Transdigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, May 9th. The aerospace company reported $3.02 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.17. The business had revenue of $873.23 million during the quarter, compared to the consensus estimate of $894.37 million. Transdigm Group had a net margin of 14.10% and a negative return on equity of 47.38%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.86 earnings per share. On average, equities research analysts expect that Transdigm Group will post $12.28 earnings per share for the current fiscal year.
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In other Transdigm Group news, insider Jorge Valladares sold 6,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $265.53, for a total transaction of $1,593,180.00. Following the sale, the insider now owns 15,000 shares in the company, valued at approximately $3,982,950. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 18,000 shares of company stock worth $4,731,157. Corporate insiders own 10.52% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Transdigm Group by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,747,472 shares of the aerospace company’s stock valued at $1,045,202,000 after buying an additional 76,623 shares during the last quarter. Principal Financial Group Inc. increased its stake in Transdigm Group by 16.0% in the first quarter. Principal Financial Group Inc. now owns 2,651,540 shares of the aerospace company’s stock valued at $583,763,000 after buying an additional 366,443 shares during the last quarter. State Street Corp increased its stake in Transdigm Group by 1.7% in the first quarter. State Street Corp now owns 2,229,338 shares of the aerospace company’s stock valued at $490,796,000 after buying an additional 36,321 shares during the last quarter. Morgan Stanley increased its stake in Transdigm Group by 37.7% in the first quarter. Morgan Stanley now owns 1,408,740 shares of the aerospace company’s stock valued at $310,149,000 after buying an additional 385,775 shares during the last quarter. Finally, Blue Ridge Capital L.L.C. increased its stake in Transdigm Group by 18.1% in the first quarter. Blue Ridge Capital L.L.C. now owns 1,390,400 shares of the aerospace company’s stock valued at $306,110,000 after buying an additional 212,800 shares during the last quarter.
About Transdigm Group
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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