Transdigm Group Incorporated (TDG) Receives Buy Rating from Royal Bank Of Canada
Transdigm Group Incorporated (NYSE:TDG)‘s stock had its “buy” rating restated by Royal Bank Of Canada in a research report issued to clients and investors on Friday. They presently have a $316.00 price objective on the aerospace company’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 23.02% from the company’s current price.
TDG has been the subject of several other research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $298.00 price objective on shares of Transdigm Group in a research note on Monday, May 8th. Credit Suisse Group reiterated an “outperform” rating and issued a $320.00 target price (up from $301.00) on shares of Transdigm Group in a report on Thursday, August 10th. They noted that the move was a valuation call. Zacks Investment Research cut Transdigm Group from a “buy” rating to a “hold” rating and set a $308.00 target price on the stock. in a report on Thursday, July 13th. Deutsche Bank AG upped their target price on Transdigm Group from $305.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $300.00 target price (up from $262.00) on shares of Transdigm Group in a report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $297.52.
Shares of Transdigm Group (NYSE TDG) opened at 256.86 on Friday. The firm has a market cap of $13.33 billion, a PE ratio of 28.54 and a beta of 0.54. The firm has a 50-day moving average of $278.27 and a 200 day moving average of $257.22. Transdigm Group has a 52-week low of $203.72 and a 52-week high of $295.00.
Transdigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 8th. The aerospace company reported $3.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.98 by $0.32. Transdigm Group had a negative return on equity of 40.12% and a net margin of 14.47%. The firm had revenue of $907.67 million during the quarter, compared to the consensus estimate of $903.99 million. During the same quarter in the previous year, the firm earned $3.09 earnings per share. The business’s quarterly revenue was up 13.8% on a year-over-year basis. On average, equities analysts predict that Transdigm Group will post $12.30 earnings per share for the current year.
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In related news, insider Jorge Valladares sold 5,900 shares of the stock in a transaction on Friday, July 14th. The stock was sold at an average price of $278.03, for a total value of $1,640,377.00. Following the transaction, the insider now directly owns 14,900 shares in the company, valued at approximately $4,142,647. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Raymond F. Laubenthal sold 6,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $277.56, for a total value of $1,665,360.00. Following the completion of the transaction, the director now owns 75,701 shares in the company, valued at $21,011,569.56. The disclosure for this sale can be found here. Insiders have sold a total of 24,000 shares of company stock worth $6,617,377 over the last 90 days. Company insiders own 10.52% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Transdigm Group by 3.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock worth $103,000 after buying an additional 14 shares in the last quarter. Korea Investment CORP boosted its position in shares of Transdigm Group by 142.6% in the second quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock worth $133,000 after buying an additional 291 shares in the last quarter. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Transdigm Group during the second quarter worth about $538,000. Neville Rodie & Shaw Inc. purchased a new position in shares of Transdigm Group during the second quarter worth about $200,000. Finally, HighTower Advisors LLC purchased a new position in shares of Transdigm Group during the second quarter worth about $201,000.
Transdigm Group Company Profile
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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