Cowen Reaffirms “Hold” Rating for TransDigm Group (TDG)

TransDigm Group (NYSE:TDG)‘s stock had its “hold” rating reissued by Cowen in a research report issued on Monday. They currently have a $290.00 price objective on the aerospace company’s stock. Cowen’s price target points to a potential downside of 8.60% from the stock’s previous close.

Several other research firms have also weighed in on TDG. Royal Bank of Canada set a $370.00 price objective on TransDigm Group and gave the company a “buy” rating in a research report on Wednesday, January 24th. SunTrust Banks reaffirmed a “buy” rating on shares of TransDigm Group in a research report on Friday, January 19th. Jefferies Group reaffirmed a “hold” rating and issued a $285.00 price objective on shares of TransDigm Group in a research report on Monday, January 8th. JPMorgan Chase & Co. downgraded TransDigm Group from a “neutral” rating to an “underweight” rating in a research report on Tuesday, December 12th. Finally, Zacks Investment Research raised TransDigm Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $298.58.

Shares of TransDigm Group (TDG) traded up $3.15 on Monday, hitting $317.28. The stock had a trading volume of 555,432 shares, compared to its average volume of 423,458. The stock has a market cap of $16,322.10, a PE ratio of 40.12, a price-to-earnings-growth ratio of 2.64 and a beta of 0.50. TransDigm Group has a twelve month low of $203.72 and a twelve month high of $320.36. 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 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.18 by $0.30. TransDigm Group had a negative return on equity of 30.13% and a net margin of 12.44%. The company had revenue of $923.89 million for the quarter, compared to analyst estimates of $959.77 million. During the same quarter in the prior year, the firm posted $3.29 EPS. TransDigm Group’s quarterly revenue was up 5.6% compared to the same quarter last year. analysts expect that TransDigm Group will post 12.72 earnings per share for the current year.

In other TransDigm Group news, CEO W Nicholas Howley sold 63,776 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $268.60, for a total value of $17,130,233.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond F. Laubenthal sold 11,900 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $295.87, for a total value of $3,520,853.00. Following the completion of the sale, the director now owns 81,718 shares of the company’s stock, valued at $24,177,904.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 94,548 shares of company stock valued at $25,894,245. 10.52% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in TDG. HighTower Advisors LLC acquired a new stake in TransDigm Group during the second quarter worth about $201,000. Laurion Capital Management LP acquired a new stake in TransDigm Group during the second quarter worth about $205,000. Neville Rodie & Shaw Inc. acquired a new stake in TransDigm Group during the fourth quarter worth about $205,000. Trexquant Investment LP acquired a new stake in TransDigm Group during the third quarter worth about $209,000. Finally, ETF Managers Group LLC acquired a new stake in TransDigm Group during the second quarter worth about $224,000.

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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.

Analyst Recommendations for TransDigm Group (NYSE:TDG)

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