TransDigm Group Incorporated (TDG) Given Positive Rating at Goldman Sachs Group Inc
Goldman Sachs Group Inc restated their positive rating on shares of TransDigm Group Incorporated (NYSE:TDG) in a research note published on Friday morning. They currently have a $311.00 price target on the stock.
Other equities analysts have also issued research reports about the company. Canaccord Genuity reiterated a buy rating and set a $325.00 target price on shares of TransDigm Group in a research note on Thursday, January 5th. Deutsche Bank AG increased their target price on TransDigm Group from $290.00 to $305.00 and gave the stock a buy rating in a research note on Monday, December 5th. Jefferies Group LLC set a $306.00 target price on TransDigm Group and gave the stock a buy rating in a research note on Thursday, November 24th. Credit Suisse Group AG reiterated a buy rating and set a $297.00 target price on shares of TransDigm Group in a research note on Friday, January 20th. Finally, SunTrust Banks, Inc. started coverage on TransDigm Group in a research note on Thursday, January 19th. They set a buy rating and a $291.00 target price on the stock. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $299.29.
TransDigm Group (NYSE:TDG) traded down 0.69% during trading on Friday, reaching $238.40. The company’s stock had a trading volume of 495,897 shares. TransDigm Group has a 1-year low of $214.65 and a 1-year high of $294.38. The company’s 50 day moving average price is $241.62 and its 200-day moving average price is $258.94. The stock has a market cap of $12.60 billion, a P/E ratio of 27.86 and a beta of 0.49.
TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 7th. The company reported $2.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.48 by $0.09. The company had revenue of $814 million for the quarter, compared to analyst estimates of $804.52 million. TransDigm Group had a negative return on equity of 58.47% and a net margin of 13.91%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.27 earnings per share. Equities analysts forecast that TransDigm Group will post $12.23 earnings per share for the current fiscal year.
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In other news, VP Robert S. Henderson sold 10,000 shares of TransDigm Group stock in a transaction on Friday, February 24th. The stock was sold at an average price of $251.06, for a total value of $2,510,600.00. Following the transaction, the vice president now owns 35,000 shares in the company, valued at approximately $8,787,100. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joel Reiss sold 6,000 shares of TransDigm Group stock in a transaction on Monday, February 27th. The shares were sold at an average price of $252.99, for a total value of $1,517,940.00. Following the completion of the transaction, the insider now owns 9,600 shares in the company, valued at approximately $2,428,704. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,000 shares of company stock worth $6,530,840. Corporate insiders own 10.52% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Elgethun Capital Management acquired a new position in shares of TransDigm Group during the fourth quarter valued at about $116,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of TransDigm Group by 3.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 499 shares of the company’s stock valued at $126,000 after buying an additional 18 shares during the last quarter. Athena Capital Advisors LLC acquired a new position in shares of TransDigm Group during the third quarter valued at about $202,000. First Capital Advisors Group LLC. acquired a new position in shares of TransDigm Group during the fourth quarter valued at about $204,000. Finally, Flinton Capital Management LLC acquired a new position in shares of TransDigm Group during the fourth quarter valued at about $211,000.
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.
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