TransDigm Group (TDG) – Research Analysts’ Recent Ratings Changes

A number of firms have modified their ratings and price targets on shares of TransDigm Group (NYSE: TDG) recently:

  • 2/12/2018 – TransDigm Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $317.00 price target on the stock. According to Zacks, “TransDigm’s first-quarter fiscal 2018 adjusted earnings grew whopping 121.4% year over year, driven by robust top-line performance and improvements in operating margin. TransDigm’s excellent business operation model, which implements value-based operating strategies guided by three value driver concepts, has helped the company generate sufficient organic & inorganic growth in recent quarters. It has also driven operating margin expansion over the past few quarters. This apart, TransDigm’s strategic acquisitions in the proprietary aerospace businesses has bolstered its aftermarket content, significantly supplementing sales. However, mounting interest expenses and escalating debt burden continue to bother TransDigm’s financials. Further, the company is seeing some negative trends at present, like soft business jet and helicopter revenues, which might dent top-line growth in the near future.”
  • 2/9/2018 – TransDigm Group had its price target raised by analysts at Morgan Stanley from $265.00 to $290.00. They now have an “equal weight” rating on the stock.
  • 2/8/2018 – TransDigm Group was upgraded by analysts at Stephens from an “underweight” rating to an “equal weight” rating. They now have a $275.00 price target on the stock.
  • 2/8/2018 – TransDigm Group had its price target raised by analysts at Bank of America Corp from $305.00 to $350.00. They now have a “buy” rating on the stock.
  • 2/7/2018 – TransDigm Group had its price target raised by analysts at Robert W. Baird from $300.00 to $320.00. They now have an “outperform” rating on the stock.
  • 2/7/2018 – TransDigm Group had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $337.00 price target on the stock, up previously from $320.00.
  • 2/7/2018 – TransDigm Group was given a new $323.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 2/2/2018 – TransDigm Group had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $330.00 price target on the stock.
  • 1/29/2018 – TransDigm Group had its “hold” rating reaffirmed by analysts at Cowen Inc. They now have a $290.00 price target on the stock.
  • 1/24/2018 – TransDigm Group was given a new $370.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 1/19/2018 – TransDigm Group had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc..
  • 1/8/2018 – TransDigm Group had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $285.00 price target on the stock.

Shares of TransDigm Group Incorporated (NYSE:TDG) opened at $290.39 on Thursday. TransDigm Group Incorporated has a 52-week low of $203.72 and a 52-week high of $321.38. The firm has a market cap of $14,860.00, a P/E ratio of 29.04, a PEG ratio of 1.64 and a beta of 0.77. The company has a debt-to-equity ratio of -4.38, a current ratio of 2.76 and a quick ratio of 1.86.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.21). TransDigm Group had a negative return on equity of 27.70% and a net margin of 18.95%. The business had revenue of $847.96 million during the quarter, compared to analysts’ expectations of $860.12 million. During the same period in the previous year, the company posted $2.57 EPS. TransDigm Group’s revenue for the quarter was up 4.2% on a year-over-year basis. research analysts expect that TransDigm Group Incorporated will post 14.92 earnings per share for the current fiscal year.

In related news, Director Michael Graff sold 1,872 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $278.92, for a total transaction of $522,138.24. Following the completion of the transaction, the director now owns 9,482 shares in the company, valued at approximately $2,644,719.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alex Feil sold 5,444 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $280.85, for a total transaction of $1,528,947.40. Following the transaction, the insider now owns 5,444 shares of the company’s stock, valued at approximately $1,528,947.40. The disclosure for this sale can be found here. Insiders sold a total of 30,216 shares of company stock valued at $8,709,319 in the last ninety days. Corporate insiders own 11.45% of the company’s stock.

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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