TransDigm Group (NYSE:TDG) had its price objective boosted by JPMorgan Chase & Co. from $330.00 to $365.00 in a research report report published on Friday morning. JPMorgan Chase & Co. currently has an underweight rating on the aerospace company’s stock.

Other analysts also recently issued reports about the company. Credit Suisse Group lifted their price objective on TransDigm Group from $400.00 to $408.00 and gave the company an outperform rating in a report on Wednesday, August 8th. Jefferies Financial Group restated a hold rating and issued a $375.00 price objective on shares of TransDigm Group in a report on Tuesday, August 7th. Cowen restated a buy rating on shares of TransDigm Group in a report on Tuesday, August 7th. Morgan Stanley lifted their price objective on TransDigm Group from $341.00 to $372.00 and gave the company an equal weight rating in a report on Thursday, July 12th. Finally, Zacks Investment Research downgraded TransDigm Group from a strong-buy rating to a hold rating in a report on Tuesday, July 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $360.00.

NYSE:TDG opened at $356.03 on Friday. TransDigm Group has a twelve month low of $249.57 and a twelve month high of $377.67. The firm has a market cap of $18.79 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 1.85 and a beta of 0.85. The company has a quick ratio of 2.09, a current ratio of 4.14 and a debt-to-equity ratio of -5.96.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 7th. The aerospace company reported $4.01 earnings per share for the quarter, missing the consensus estimate of $4.07 by ($0.06). TransDigm Group had a negative return on equity of 29.79% and a net margin of 20.68%. The business had revenue of $980.70 million for the quarter, compared to the consensus estimate of $995.06 million. During the same quarter last year, the business posted $3.30 earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. sell-side analysts anticipate that TransDigm Group will post 16.85 earnings per share for the current year.

In related news, insider Roger Jones sold 5,000 shares of TransDigm Group stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $323.78, for a total value of $1,618,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raymond F. Laubenthal sold 11,900 shares of TransDigm Group stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $341.28, for a total value of $4,061,232.00. Following the completion of the sale, the director now owns 25,112 shares of the company’s stock, valued at $8,570,223.36. The disclosure for this sale can be found here. Insiders sold 43,800 shares of company stock valued at $15,097,846 over the last 90 days. 11.45% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC raised its holdings in TransDigm Group by 9.2% in the first quarter. Cubist Systematic Strategies LLC now owns 2,130 shares of the aerospace company’s stock worth $654,000 after purchasing an additional 180 shares in the last quarter. CIBC Asset Management Inc raised its holdings in TransDigm Group by 3.9% in the second quarter. CIBC Asset Management Inc now owns 4,994 shares of the aerospace company’s stock worth $1,724,000 after purchasing an additional 186 shares in the last quarter. Advantus Capital Management Inc raised its holdings in TransDigm Group by 4.0% in the first quarter. Advantus Capital Management Inc now owns 5,187 shares of the aerospace company’s stock worth $1,592,000 after purchasing an additional 200 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in TransDigm Group by 45.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 646 shares of the aerospace company’s stock worth $177,000 after purchasing an additional 202 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its holdings in TransDigm Group by 22.5% in the first quarter. Campbell & CO Investment Adviser LLC now owns 1,100 shares of the aerospace company’s stock worth $338,000 after purchasing an additional 202 shares in the last quarter.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's 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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Analyst Recommendations for TransDigm Group (NYSE:TDG)

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