TransDigm Group (TDG) PT Raised to $290.00 at Morgan Stanley

TransDigm Group (NYSE:TDG) had its price target hoisted by Morgan Stanley from $265.00 to $290.00 in a research note issued to investors on Friday. The firm currently has an “equal weight” rating on the aerospace company’s stock. Morgan Stanley’s price target indicates a potential upside of 2.64% from the company’s current price.

Several other brokerages also recently weighed in on TDG. Bank of America increased their price target on TransDigm Group from $305.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday. 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 set a $285.00 price target on shares of TransDigm Group in a research report on Monday, January 8th. Credit Suisse Group reaffirmed an “outperform” rating and set a $337.00 price target (up from $320.00) on shares of TransDigm Group in a research report on Wednesday. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $330.00 price target on shares of TransDigm Group in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. TransDigm Group currently has a consensus rating of “Buy” and an average price target of $309.44.

Shares of TransDigm Group (NYSE TDG) traded down $0.45 during mid-day trading on Friday, reaching $282.55. The company had a trading volume of 973,470 shares, compared to its average volume of 500,603. The stock has a market cap of $14,640.00, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 2.46 and a beta of 0.77. The company has a debt-to-equity ratio of -3.86, a current ratio of 2.45 and a quick ratio of 1.61. TransDigm Group has a one year low of $203.72 and a one year high of $321.38.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.64 by ($0.21). The firm had revenue of $847.96 million during the quarter, compared to analysts’ expectations of $860.12 million. TransDigm Group had a negative return on equity of 28.62% and a net margin of 18.95%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $2.57 EPS. equities analysts predict that TransDigm Group will post 12.72 earnings per share for the current year.

In related news, EVP Roger Jones sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $294.50, for a total value of $1,472,500.00. Following the transaction, the executive vice president now directly owns 9,000 shares of the company’s stock, valued at approximately $2,650,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Raymond F. Laubenthal sold 11,900 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $295.87, for a total transaction of $3,520,853.00. Following the completion of the transaction, the director now directly owns 81,718 shares in the company, valued at $24,177,904.66. The disclosure for this sale can be found here. Insiders have sold a total of 94,548 shares of company stock worth $25,894,245 over the last 90 days. Insiders own 10.52% of the company’s stock.

A number of institutional investors have recently modified their holdings of TDG. Thrivent Financial For Lutherans lifted its stake in TransDigm Group by 1.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,850 shares of the aerospace company’s stock valued at $497,000 after buying an additional 20 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in TransDigm Group by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 131,579 shares of the aerospace company’s stock valued at $35,373,000 after buying an additional 2,133 shares in the last quarter. HighTower Advisors LLC purchased a new position in TransDigm Group in the 2nd quarter valued at about $201,000. Janus Henderson Group PLC lifted its stake in TransDigm Group by 1,188.3% in the 2nd quarter. Janus Henderson Group PLC now owns 87,902 shares of the aerospace company’s stock valued at $23,633,000 after buying an additional 81,079 shares in the last quarter. Finally, Americafirst Capital Management LLC purchased a new position in TransDigm Group in the 2nd quarter valued at about $1,336,000.

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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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