TransDigm Group (TDG) Price Target Raised to $322.00 at Jefferies Group

TransDigm Group (NYSE:TDG) had its price objective increased by equities researchers at Jefferies Group from $283.00 to $322.00 in a note issued to investors on Thursday, August 3rd. The brokerage presently has a “buy” rating on the aerospace company’s stock. Jefferies Group’s price target suggests a potential upside of 4.13% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Canaccord Genuity reaffirmed a “buy” rating and set a $300.00 price target on shares of TransDigm Group in a research report on Thursday, May 25th. BidaskClub downgraded TransDigm Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Royal Bank of Canada reaffirmed a “buy” rating and set a $316.00 price target on shares of TransDigm Group in a research report on Friday, May 19th. Morgan Stanley reaffirmed an “equal weight” rating and set a $281.00 price target (up from $245.00) on shares of TransDigm Group in a research report on Thursday, July 13th. Finally, Wolfe Research downgraded TransDigm Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $324.57.

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Shares of NYSE TDG traded up $1.03 during mid-day trading on Thursday, hitting $309.22. The stock had a trading volume of 378,446 shares, compared to its average volume of 516,044. The company has a market cap of $16,010.70, a price-to-earnings ratio of 25.75, a PEG ratio of 1.57 and a beta of 0.78. 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 has a twelve month low of $229.59 and a twelve month high of $321.38.

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). The company had revenue of $847.96 million for the quarter, compared to analyst estimates of $860.12 million. TransDigm Group had a negative return on equity of 27.70% and a net margin of 18.95%. TransDigm Group’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.57 earnings per share. research analysts expect that TransDigm Group will post 16.69 earnings per share for the current year.

In other news, insider Alex Feil sold 5,444 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $280.85, for a total transaction of $1,528,947.40. Following the sale, the insider now directly owns 5,444 shares of the company’s stock, valued at approximately $1,528,947.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jorge Valladares sold 3,250 shares of the stock in a transaction dated Tuesday, April 10th. The stock was sold at an average price of $306.83, for a total transaction of $997,197.50. Following the sale, the executive vice president now directly owns 12,250 shares in the company, valued at $3,758,667.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,894 shares of company stock worth $23,413,109. Corporate insiders own 10.52% of the company’s stock.

Several hedge funds have recently bought and sold shares of TDG. Northwestern Mutual Wealth Management Co. lifted its stake in 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 buying an additional 14 shares in the last quarter. Korea Investment CORP lifted its stake in 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 buying an additional 291 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in TransDigm Group by 540.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 538 shares of the aerospace company’s stock valued at $148,000 after buying an additional 454 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in TransDigm Group by 45.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 646 shares of the aerospace company’s stock valued at $177,000 after buying an additional 202 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. purchased a new position in TransDigm Group in the 2nd quarter valued at about $200,000.

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About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

Analyst Recommendations for TransDigm Group (NYSE:TDG)

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