TransDigm Group (TDG) Price Target Increased to $335.00 by Analysts at SunTrust Banks

TransDigm Group (NYSE:TDG) had its price target hoisted by equities researchers at SunTrust Banks to $335.00 in a report issued on Monday, The Fly reports. The firm currently has a “buy” rating on the aerospace company’s stock. SunTrust Banks’ price objective points to a potential upside of 8.34% from the company’s previous close.

Several other research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating and set a $317.00 target price for the company in a report on Monday, February 12th. Morgan Stanley restated an “equal weight” rating and set a $306.00 target price (up previously from $290.00) on shares of TransDigm Group in a report on Friday, February 23rd. Bank of America increased their target price on shares of TransDigm Group from $305.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Cowen restated a “hold” rating and set a $290.00 target price on shares of TransDigm Group in a report on Monday, January 29th. Finally, Robert W. Baird increased their target price on shares of TransDigm Group from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. One investment 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. TransDigm Group presently has an average rating of “Buy” and a consensus price target of $326.57.

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TransDigm Group stock opened at $309.22 on Monday. The company has a market capitalization of $16,140.14, a PE ratio of 25.75, a P/E/G ratio of 1.58 and a beta of 0.77. TransDigm Group has a twelve month low of $229.59 and a twelve month high of $321.38. The company has a quick ratio of 1.86, a current ratio of 2.76 and a debt-to-equity ratio of -4.38.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.64 by ($0.21). The company had revenue of $847.96 million during the quarter, compared to analyst estimates of $860.12 million. TransDigm Group had a net margin of 18.95% and a negative return on equity of 27.70%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.57 EPS. equities research analysts predict that TransDigm Group will post 16.69 EPS for the current fiscal year.

In other TransDigm Group news, insider Alex Feil sold 5,444 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $280.85, for a total value of $1,528,947.40. Following the completion of the sale, the insider now owns 5,444 shares in the company, valued at $1,528,947.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Robert S. Henderson sold 10,000 shares of the stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $311.12, for a total transaction of $3,111,200.00. Following the completion of the sale, the vice president now owns 35,000 shares of the company’s stock, valued at approximately $10,889,200. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,894 shares of company stock valued at $23,413,109. Corporate insiders own 11.45% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Vident Investment Advisory LLC raised its position in shares of TransDigm Group by 75.4% in the third quarter. Vident Investment Advisory LLC now owns 1,179 shares of the aerospace company’s stock valued at $301,000 after purchasing an additional 507 shares during the period. Alps Advisors Inc. bought a new position in shares of TransDigm Group in the fourth quarter valued at about $205,000. BlackRock Inc. raised its position in shares of TransDigm Group by 1.2% in the fourth quarter. BlackRock Inc. now owns 4,156,622 shares of the aerospace company’s stock valued at $1,141,491,000 after purchasing an additional 48,978 shares during the period. Vantage Financial Partners Ltd. Inc. raised its position in shares of TransDigm Group by 65.0% in the fourth quarter. Vantage Financial Partners Ltd. Inc. now owns 3,300 shares of the aerospace company’s stock valued at $901,000 after purchasing an additional 1,300 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its position in shares of TransDigm Group by 23.3% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 4,635 shares of the aerospace company’s stock valued at $1,273,000 after purchasing an additional 877 shares during the period.

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TransDigm Group Company Profile

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.

The Fly

Analyst Recommendations for TransDigm Group (NYSE:TDG)

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