Research Analysts’ Weekly Ratings Changes for TransDigm Group (TDG)

TransDigm Group (NYSE: TDG) has recently received a number of price target changes and ratings updates:

  • 12/4/2019 – TransDigm Group had its price target raised by analysts at Bank of America Corp from $600.00 to $670.00. They now have a “buy” rating on the stock.
  • 11/20/2019 – TransDigm Group had its price target raised by analysts at Credit Suisse Group AG from $584.00 to $623.00. They now have an “outperform” rating on the stock.
  • 11/20/2019 – TransDigm Group had its price target raised by analysts at SunTrust Banks, Inc. from $560.00 to $590.00. They now have a “buy” rating on the stock.
  • 11/19/2019 – TransDigm Group had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $590.00 price target on the stock.
  • 11/18/2019 – TransDigm Group had its “buy” rating reaffirmed by analysts at Berenberg Bank. They now have a $600.00 price target on the stock.
  • 11/15/2019 – TransDigm Group had its price target raised by analysts at Canaccord Genuity from $575.00 to $620.00. They now have a “buy” rating on the stock.
  • 10/16/2019 – TransDigm Group had its price target raised by analysts at Credit Suisse Group AG from $582.66 to $584.00. They now have an “outperform” rating on the stock.
  • 10/10/2019 – TransDigm Group had its price target lowered by analysts at Morgan Stanley from $570.00 to $560.00. They now have an “equal weight” rating on the stock.

NYSE TDG opened at $570.11 on Monday. TransDigm Group Incorporated has a twelve month low of $311.46 and a twelve month high of $581.07. The company has a market cap of $30.53 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The business’s fifty day moving average is $546.94 and its 200 day moving average is $511.76.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, November 19th. The aerospace company reported $5.62 earnings per share for the quarter, topping analysts’ consensus estimates of $4.85 by $0.77. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.61 billion. TransDigm Group had a negative return on equity of 58.95% and a net margin of 16.06%. TransDigm Group’s quarterly revenue was up 46.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.44 EPS. Equities research analysts anticipate that TransDigm Group Incorporated will post 19.85 EPS for the current year.

In other news, CEO Kevin M. Stein sold 9,900 shares of TransDigm Group stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $554.37, for a total transaction of $5,488,263.00. Following the transaction, the chief executive officer now owns 11,247 shares in the company, valued at $6,234,999.39. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Bernt G. Iversen II sold 8,333 shares of TransDigm Group stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $526.56, for a total transaction of $4,387,824.48. Following the transaction, the executive vice president now owns 12,643 shares in the company, valued at approximately $6,657,298.08. The disclosure for this sale can be found here. Insiders have sold 93,865 shares of company stock worth $49,760,939 over the last three months. Insiders own 11.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Donaldson Capital Management LLC bought a new position in TransDigm Group during the 3rd quarter worth approximately $327,000. Goodnow Investment Group LLC boosted its stake in shares of TransDigm Group by 33.8% in the 2nd quarter. Goodnow Investment Group LLC now owns 102,880 shares of the aerospace company’s stock valued at $49,773,000 after purchasing an additional 25,990 shares during the last quarter. BB&T Securities LLC bought a new stake in shares of TransDigm Group in the 3rd quarter valued at $232,000. Creative Planning increased its position in shares of TransDigm Group by 48.7% during the second quarter. Creative Planning now owns 2,845 shares of the aerospace company’s stock worth $1,376,000 after buying an additional 932 shares during the period. Finally, Invesco Ltd. increased its position in shares of TransDigm Group by 10.5% during the second quarter. Invesco Ltd. now owns 689,545 shares of the aerospace company’s stock worth $333,602,000 after buying an additional 65,794 shares during the period. Institutional investors and hedge funds own 98.95% of the company’s stock.

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. The 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.

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