Transdigm Group Incorporated (TDG) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Transdigm Group Incorporated (NYSE:TDG) have been assigned a consensus rating of “Buy” from the nineteen ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $294.80.
Several equities research analysts have recently issued reports on TDG shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $316.00 target price on shares of Transdigm Group in a research report on Friday, September 1st. SunTrust Banks, Inc. reissued a “buy” rating and issued a $300.00 price objective on shares of Transdigm Group in a report on Monday, October 2nd. Credit Suisse Group reissued an “outperform” rating and issued a $320.00 price objective (up previously from $301.00) on shares of Transdigm Group in a report on Thursday, August 10th. They noted that the move was a valuation call. Deutsche Bank AG lifted their price objective on Transdigm Group from $305.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Finally, Robert W. Baird reissued a “buy” rating and issued a $300.00 price objective on shares of Transdigm Group in a report on Thursday, October 12th.
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Shares of Transdigm Group (NYSE TDG) traded down $0.03 on Friday, hitting $282.52. The company had a trading volume of 408,627 shares, compared to its average volume of 371,850. The company has a debt-to-equity ratio of -5.71, a quick ratio of 2.25 and a current ratio of 3.27. The company has a market capitalization of $14,697.82, a P/E ratio of 24.29, a PEG ratio of 2.33 and a beta of 0.50.
Transdigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.32. Transdigm Group had a negative return on equity of 40.12% and a net margin of 14.47%. The business had revenue of $907.67 million for the quarter, compared to analysts’ expectations of $903.99 million. During the same period last year, the business earned $3.09 EPS. The business’s revenue was up 13.8% on a year-over-year basis. sell-side analysts anticipate that Transdigm Group will post 11.65 EPS for the current year.
In other Transdigm Group news, VP Robert S. Henderson sold 15,000 shares of Transdigm Group stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $263.74, for a total value of $3,956,100.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Raymond F. Laubenthal sold 6,000 shares of Transdigm Group stock in a transaction that occurred on 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 transaction, the director now directly owns 75,701 shares in the company, valued at $21,011,569.56. The disclosure for this sale can be found here. Insiders sold a total of 33,000 shares of company stock worth $8,729,280 over the last ninety days. Insiders own 10.52% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. APG Asset Management N.V. increased its stake in shares of Transdigm Group by 0.8% during the third quarter. APG Asset Management N.V. now owns 223,329 shares of the aerospace company’s stock valued at $57,094,000 after buying an additional 1,700 shares during the period. HPM Partners LLC increased its stake in shares of Transdigm Group by 196.7% during the second quarter. HPM Partners LLC now owns 5,739 shares of the aerospace company’s stock valued at $810,000 after buying an additional 3,805 shares during the period. Victory Capital Management Inc. increased its stake in shares of Transdigm Group by 14.6% during the second quarter. Victory Capital Management Inc. now owns 25,758 shares of the aerospace company’s stock valued at $6,926,000 after buying an additional 3,273 shares during the period. Swiss National Bank increased its stake in shares of Transdigm Group by 2.2% during the second quarter. Swiss National Bank now owns 193,200 shares of the aerospace company’s stock valued at $51,946,000 after buying an additional 4,200 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Transdigm Group by 1.6% during the second quarter. Vanguard Group Inc. now owns 4,824,369 shares of the aerospace company’s stock valued at $1,297,129,000 after buying an additional 76,897 shares during the period.
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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