Canaccord Genuity Lowers Transdigm Group Incorporated (TDG) Price Target to $315.00
Transdigm Group Incorporated (NYSE:TDG) had its target price cut by stock analysts at Canaccord Genuity from $330.00 to $315.00 in a report released on Friday. The brokerage currently has a “buy” rating on the aerospace company’s stock. Canaccord Genuity’s price target suggests a potential upside of 17.98% from the company’s previous close.
Several other research firms have also recently issued reports on TDG. Wolfe Research cut Transdigm Group from an “outperform” rating to a “market perform” rating in a report on Thursday, July 20th. Deutsche Bank AG raised their price objective on Transdigm Group from $305.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Jefferies Group LLC raised their price objective on Transdigm Group from $283.00 to $322.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Stephens cut Transdigm Group from an “equal weight” rating to an “underweight” rating and set a $230.00 price objective on the stock. in a report on Thursday, August 3rd. Finally, BidaskClub cut Transdigm Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $295.11.
Shares of Transdigm Group (TDG) opened at $267.00 on Friday. The company has a market capitalization of $13,890.41, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 2.21 and a beta of 0.50. The company has a current ratio of 3.27, a quick ratio of 2.25 and a debt-to-equity ratio of -5.71. Transdigm Group has a fifty-two week low of $203.72 and a fifty-two week high of $295.00.
Transdigm Group (NYSE:TDG) last announced its earnings results on Thursday, November 9th. The aerospace company reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.30. The firm had revenue of $923.89 million for the quarter, compared to analysts’ expectations of $959.77 million. Transdigm Group had a negative return on equity of 34.08% and a net margin of 12.44%. Transdigm Group’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.29 EPS. equities research analysts forecast that Transdigm Group will post 12.76 earnings per share for the current year.
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In related news, VP Robert S. Henderson sold 15,000 shares of Transdigm Group stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $263.74, for a total value of $3,956,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raymond F. Laubenthal sold 6,000 shares of Transdigm Group stock in a transaction dated 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 of the company’s stock, valued at $21,011,569.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,000 shares of company stock worth $8,729,280. Corporate insiders own 10.52% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its stake in 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 purchasing an additional 14 shares in the last quarter. Korea Investment CORP boosted its stake in Transdigm Group by 142.6% in the second quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock valued at $133,000 after acquiring an additional 291 shares during the period. Vantage Financial Partners Ltd. Inc. acquired a new position in Transdigm Group in the second quarter valued at approximately $538,000. HighTower Advisors LLC acquired a new position in Transdigm Group in the second quarter valued at approximately $201,000. Finally, Laurion Capital Management LP acquired a new position in Transdigm Group in the second quarter valued at approximately $205,000.
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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