Transdigm Group Incorporated (TDG) Given “Buy” Rating at Canaccord Genuity
Transdigm Group Incorporated (NYSE:TDG)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Friday. They currently have a $330.00 price objective on the aerospace company’s stock. Canaccord Genuity’s target price suggests a potential upside of 28.83% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Jefferies Group LLC reiterated a “buy” rating and set a $283.00 price target on shares of Transdigm Group in a report on Friday, July 14th. Zacks Investment Research downgraded shares of Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Vertical Research restated a “buy” rating and set a $316.00 price objective (up from $280.00) on shares of Transdigm Group in a research report on Thursday, August 10th. BidaskClub downgraded shares of Transdigm Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Royal Bank Of Canada restated a “buy” rating and set a $316.00 price objective on shares of Transdigm Group in a research report on Friday, May 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $297.52.
Shares of Transdigm Group (NYSE:TDG) traded up 0.56% on Friday, reaching $256.15. The company had a trading volume of 633,932 shares. Transdigm Group has a one year low of $203.72 and a one year high of $295.00. The company has a market capitalization of $13.30 billion, a PE ratio of 28.46 and a beta of 0.54. The company’s 50-day moving average is $270.22 and its 200-day moving average is $257.31.
Transdigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $3.30 EPS for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $903.99 million. During the same period in the prior year, the firm posted $3.09 earnings per share. The company’s quarterly revenue 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 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 dated Tuesday, August 15th. The stock was sold at an average price of $277.56, for a total value of $1,665,360.00. Following the completion of the sale, the director now owns 75,701 shares in the company, valued at approximately $21,011,569.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jorge Valladares sold 5,900 shares of Transdigm Group stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $278.03, for a total value of $1,640,377.00. Following the completion of the sale, the insider now owns 14,900 shares of the company’s stock, valued at approximately $4,142,647. The disclosure for this sale can be found here. Insiders have sold a total of 18,000 shares of company stock valued at $5,024,197 in the last ninety days. Corporate insiders own 10.52% of the company’s stock.
Large investors have recently modified their holdings of the company. Soros Fund Management LLC acquired a new stake in shares of Transdigm Group during the 1st quarter valued at approximately $308,000. Edgestream Partners L.P. grew its stake in shares of Transdigm Group by 27.9% in the first quarter. Edgestream Partners L.P. now owns 6,859 shares of the aerospace company’s stock worth $1,510,000 after purchasing an additional 1,497 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of Transdigm Group in the first quarter worth $3,308,000. Swiss National Bank grew its stake in shares of Transdigm Group by 2.2% in the second quarter. Swiss National Bank now owns 193,200 shares of the aerospace company’s stock worth $51,946,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Rothschild Asset Management Inc. bought a new position in shares of Transdigm Group in the first quarter worth $399,000.
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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