Transdigm Group Incorporated (TDG) Given “Buy” Rating at Royal Bank Of Canada
Transdigm Group Incorporated (NYSE:TDG)‘s stock had its “buy” rating reissued by equities researchers at Royal Bank Of Canada in a research note issued to investors on Friday. They currently have a $316.00 price objective on the aerospace company’s stock. Royal Bank Of Canada’s target price points to a potential upside of 23.02% from the company’s current price.
Several other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Transdigm Group from a “sell” rating to a “buy” rating and set a $272.00 price target on the stock in a report on Monday, May 15th. Deutsche Bank AG reiterated a “buy” rating and set a $305.00 price objective on shares of Transdigm Group in a research note on Tuesday, June 13th. Canaccord Genuity reiterated a “buy” rating and set a $300.00 price objective on shares of Transdigm Group in a research note on Wednesday, May 10th. Jefferies Group LLC reiterated a “buy” rating and set a $283.00 price objective on shares of Transdigm Group in a research note on Friday, July 14th. Finally, Wolfe Research lowered shares of Transdigm Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Transdigm Group has an average rating of “Buy” and an average target price of $297.52.
Shares of Transdigm Group (NYSE:TDG) opened at 256.86 on Friday. Transdigm Group has a 1-year low of $203.72 and a 1-year high of $295.00. The stock has a 50 day moving average of $278.27 and a 200-day moving average of $257.22. The stock has a market capitalization of $13.33 billion, a P/E ratio of 28.54 and a beta of 0.54.
Transdigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.98 by $0.32. Transdigm Group had a net margin of 14.47% and a negative return on equity of 40.12%. The firm had revenue of $907.67 million for the quarter, compared to analyst estimates of $903.99 million. During the same quarter last year, the firm posted $3.09 earnings per share. Transdigm Group’s revenue for the quarter was up 13.8% compared to the same quarter last year. Equities research analysts predict that Transdigm Group will post $12.30 earnings per share for the current fiscal year.
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In other Transdigm Group news, Director Raymond F. Laubenthal sold 6,000 shares of Transdigm Group stock in a transaction on Monday, July 17th. The shares were sold at an average price of $281.81, for a total value of $1,690,860.00. Following the completion of the transaction, the director now owns 75,701 shares of the company’s stock, valued at $21,333,298.81. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jorge Valladares sold 100 shares of Transdigm Group stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $276.00, for a total transaction of $27,600.00. Following the completion of the transaction, the insider now directly owns 9,100 shares of the company’s stock, valued at approximately $2,511,600. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,000 shares of company stock valued at $6,617,377. 10.52% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its position in Transdigm Group by 3.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock worth $103,000 after buying an additional 14 shares in the last quarter. Korea Investment CORP increased its position in Transdigm Group by 142.6% in the second quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock worth $133,000 after buying an additional 291 shares in the last quarter. Neville Rodie & Shaw Inc. acquired a new position in Transdigm Group during the second quarter worth approximately $200,000. HighTower Advisors LLC acquired a new position in Transdigm Group during the second quarter worth approximately $201,000. Finally, Laurion Capital Management LP acquired a new position in Transdigm Group during the second quarter worth approximately $205,000.
Transdigm Group Company Profile
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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