Royal Bank of Canada Analysts Give TransDigm Group (TDG) a $370.00 Price Target

TransDigm Group (NYSE:TDG) has been given a $370.00 target price by Royal Bank of Canada in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the aerospace company’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 17.79% from the stock’s previous close.

TDG has been the subject of a number of other reports. Zacks Investment Research upgraded TransDigm Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. SunTrust Banks reiterated a “buy” rating and set a $300.00 price objective on shares of TransDigm Group in a research note on Monday, October 2nd. Jefferies Group reiterated a “hold” rating and set a $285.00 price objective on shares of TransDigm Group in a research note on Monday, January 8th. Robert W. Baird reiterated a “buy” rating and set a $300.00 price objective on shares of TransDigm Group in a research note on Thursday, October 12th. Finally, Canaccord Genuity cut their price objective on TransDigm Group from $330.00 to $315.00 and set a “buy” rating for the company in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. TransDigm Group currently has a consensus rating of “Buy” and an average price target of $298.58.

TransDigm Group (NYSE:TDG) traded up $7.12 during midday trading on Wednesday, hitting $314.13. 317,291 shares of the stock traded hands, compared to its average volume of 393,388. TransDigm Group has a 12-month low of $203.72 and a 12-month high of $314.61. The stock has a market cap of $16,320.00, a price-to-earnings ratio of 37.18, a P/E/G ratio of 2.58 and a beta of 0.62. The company has a quick ratio of 1.61, a current ratio of 2.45 and a debt-to-equity ratio of -3.86.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Thursday, November 9th. The aerospace company reported $3.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.18 by $0.30. TransDigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The firm had revenue of $923.89 million during the quarter, compared to analyst estimates of $959.77 million. During the same quarter in the prior year, the firm earned $3.29 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. analysts forecast that TransDigm Group will post 12.72 EPS for the current fiscal year.

In other TransDigm Group news, EVP James Skulina purchased 2,422 shares of the company’s stock in a transaction on Friday, May 11th. The stock was acquired at an average cost of $245.52 per share, for a total transaction of $594,649.44. Following the purchase, the executive vice president now directly owns 4,000 shares of the company’s stock, valued at approximately $982,080. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO W Nicholas Howley sold 63,776 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $268.60, for a total value of $17,130,233.60. The disclosure for this sale can be found here. Insiders sold a total of 94,548 shares of company stock valued at $25,894,245 over the last 90 days. 10.52% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Profund Advisors LLC boosted its stake in TransDigm Group by 1.1% in the 2nd quarter. Profund Advisors LLC now owns 1,334 shares of the aerospace company’s stock worth $359,000 after purchasing an additional 15 shares during the period. Thrivent Financial For Lutherans boosted its position in shares of TransDigm Group by 1.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,850 shares of the aerospace company’s stock valued at $497,000 after acquiring an additional 20 shares during the last quarter. Sentry Investment Management LLC boosted its position in shares of TransDigm Group by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 3,683 shares of the aerospace company’s stock valued at $990,000 after acquiring an additional 40 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of TransDigm Group by 0.8% during the 2nd quarter. Nordea Investment Management AB now owns 7,987 shares of the aerospace company’s stock valued at $2,147,000 after acquiring an additional 66 shares during the last quarter. Finally, Carnegie Capital Asset Management LLC boosted its position in shares of TransDigm Group by 8.8% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 927 shares of the aerospace company’s stock valued at $262,000 after acquiring an additional 75 shares during the last quarter.

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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.

Analyst Recommendations for TransDigm Group (NYSE:TDG)



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