Royal Bank of Canada Boosts TransDigm Group (NYSE:TDG) Price Target to $1,250.00

TransDigm Group (NYSE:TDGFree Report) had its price target boosted by Royal Bank of Canada from $1,150.00 to $1,250.00 in a research note released on Friday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the aerospace company’s stock.

A number of other research firms also recently commented on TDG. Truist Financial increased their price objective on TransDigm Group from $1,044.00 to $1,158.00 and gave the company a buy rating in a report on Wednesday, January 10th. The Goldman Sachs Group raised their price target on TransDigm Group from $1,164.00 to $1,285.00 and gave the stock a buy rating in a research note on Friday. Susquehanna raised their price target on TransDigm Group from $875.00 to $1,100.00 and gave the stock a neutral rating in a research note on Friday. Morgan Stanley raised their price target on TransDigm Group from $1,000.00 to $1,200.00 and gave the stock an overweight rating in a research note on Friday, November 10th. Finally, Stifel Nicolaus raised their price target on TransDigm Group from $1,000.00 to $1,050.00 and gave the stock a hold rating in a research note on Tuesday, January 23rd. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $1,080.07.

Read Our Latest Stock Analysis on TDG

TransDigm Group Stock Performance

TDG opened at $1,119.89 on Friday. TransDigm Group has a one year low of $686.46 and a one year high of $1,155.24. The company has a market cap of $62.25 billion, a P/E ratio of 47.53, a PEG ratio of 2.26 and a beta of 1.43. The business’s 50-day simple moving average is $1,031.22 and its 200-day simple moving average is $935.91.

TransDigm Group (NYSE:TDGGet Free Report) last released its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, beating analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.57% and a net margin of 20.80%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the business posted $4.15 EPS. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. As a group, analysts predict that TransDigm Group will post 30.07 earnings per share for the current fiscal year.

Insider Activity

In related news, Director W Nicholas Howley sold 6,296 shares of TransDigm Group stock in a transaction on Friday, December 15th. The stock was sold at an average price of $987.07, for a total transaction of $6,214,592.72. Following the completion of the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $21,269,384.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Jorge Valladares sold 3,141 shares of TransDigm Group stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $1,001.73, for a total transaction of $3,146,433.93. Following the completion of the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at $11,019,030. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 6,296 shares of TransDigm Group stock in a transaction on Friday, December 15th. The stock was sold at an average price of $987.07, for a total value of $6,214,592.72. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $21,269,384.36. The disclosure for this sale can be found here. Insiders sold 154,560 shares of company stock valued at $153,407,756 in the last three months. 4.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TransDigm Group

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in TransDigm Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company’s stock worth $4,977,008,000 after buying an additional 104,433 shares in the last quarter. Deutsche Bank AG increased its position in TransDigm Group by 1,947.8% during the third quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock worth $2,859,376,000 after buying an additional 3,225,771 shares in the last quarter. Capital World Investors increased its position in TransDigm Group by 17.9% during the second quarter. Capital World Investors now owns 2,206,880 shares of the aerospace company’s stock worth $1,973,326,000 after buying an additional 335,334 shares in the last quarter. State Street Corp increased its position in TransDigm Group by 2.0% during the second quarter. State Street Corp now owns 2,061,845 shares of the aerospace company’s stock worth $1,843,640,000 after buying an additional 39,677 shares in the last quarter. Finally, Capital Research Global Investors increased its position in TransDigm Group by 0.4% during the second quarter. Capital Research Global Investors now owns 1,988,257 shares of the aerospace company’s stock worth $1,777,805,000 after buying an additional 8,413 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Company Profile

(Get Free Report)

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. 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, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.

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Analyst Recommendations for TransDigm Group (NYSE:TDG)

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