SunTrust Banks, Inc. Reiterates “Buy” Rating for Transdigm Group Incorporated (TDG)
Transdigm Group Incorporated (NYSE:TDG)‘s stock had its “buy” rating reaffirmed by equities researchers at SunTrust Banks, Inc. in a research note issued on Friday. They presently have a $307.00 price target on the aerospace company’s stock. SunTrust Banks, Inc.’s price objective indicates a potential upside of 14.98% from the company’s current price.
A number of other research firms also recently issued reports on TDG. Cowen and Company restated a “market perform” rating and set a $290.00 target price (up from $219.00) 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. Canaccord Genuity restated a “buy” rating and set a $330.00 target price on shares of Transdigm Group in a research report on Friday, September 15th. Jefferies Group LLC restated a “buy” rating and set a $283.00 target price on shares of Transdigm Group in a research report on Friday, July 14th. Finally, Zacks Investment Research downgraded shares of Transdigm Group from a “buy” rating to a “hold” rating and set a $308.00 target price for the company. in a research report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $295.11.
Shares of Transdigm Group (TDG) traded up $1.42 on Friday, hitting $267.00. 760,500 shares of the stock were exchanged, compared to its average volume of 821,979. The stock has a market capitalization of $13,816.49, a price-to-earnings ratio of 22.30, a PEG ratio of 2.19 and a beta of 0.50. The company has a quick ratio of 2.25, a current ratio of 3.27 and a debt-to-equity ratio of -5.71. Transdigm Group has a 12-month low of $203.72 and a 12-month high of $295.00.
Transdigm Group (NYSE:TDG) last announced its quarterly earnings data on Thursday, November 9th. The aerospace company reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.30. The firm had revenue of $923.89 million for the quarter, compared to analyst estimates of $959.77 million. Transdigm Group had a net margin of 12.44% and a negative return on equity of 34.08%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.29 earnings per share. equities research analysts forecast that Transdigm Group will post 12.76 EPS for the current fiscal year.
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In other Transdigm Group news, Director Raymond F. Laubenthal sold 6,000 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $263.78, for a total transaction of $1,582,680.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Robert S. Henderson sold 15,000 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $263.74, for a total transaction of $3,956,100.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,000 shares of company stock worth $8,729,280. 10.52% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in TDG. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Transdigm Group by 3.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock valued at $103,000 after purchasing an additional 14 shares in the last quarter. Korea Investment CORP raised its holdings in shares of Transdigm Group by 142.6% in the 2nd quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock valued at $133,000 after purchasing an additional 291 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Transdigm Group in the 2nd quarter valued at $201,000. Laurion Capital Management LP acquired a new stake in shares of Transdigm Group in the 2nd quarter valued at $205,000. Finally, Trexquant Investment LP acquired a new stake in shares of Transdigm Group in the 3rd quarter valued at $209,000.
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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