TransDigm Group (TDG) PT Raised to $400.00 at Credit Suisse Group

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TransDigm Group (NYSE:TDG) had its price target upped by Credit Suisse Group from $350.00 to $400.00 in a research note released on Friday morning. The brokerage currently has an outperform rating on the aerospace company’s stock.

Several other analysts have also weighed in on TDG. Canaccord Genuity upped their price objective on TransDigm Group from $350.00 to $375.00 and gave the company a positive rating in a report on Friday. ValuEngine upgraded TransDigm Group from a hold rating to a buy rating in a report on Wednesday, May 2nd. Cowen restated a hold rating on shares of TransDigm Group in a report on Tuesday, May 1st. Wolfe Research lowered TransDigm Group from an outperform rating to a market perform rating in a report on Tuesday, May 15th. Finally, SunTrust Banks upped their price objective on TransDigm Group to $335.00 and gave the company a buy rating in a report on Monday, April 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. TransDigm Group presently has a consensus rating of Buy and a consensus target price of $339.21.

TransDigm Group opened at $342.61 on Friday, MarketBeat Ratings reports. TransDigm Group has a 1 year low of $249.57 and a 1 year high of $347.66. The firm has a market capitalization of $18.10 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 1.76 and a beta of 0.83. The company has a quick ratio of 2.09, a current ratio of 3.04 and a debt-to-equity ratio of -4.92.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.51 by $0.28. The company had revenue of $933.10 million during the quarter, compared to analysts’ expectations of $930.30 million. TransDigm Group had a negative return on equity of 28.60% and a net margin of 19.77%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.03 earnings per share. sell-side analysts predict that TransDigm Group will post 17.17 earnings per share for the current year.

In other news, EVP Jorge Valladares sold 3,250 shares of the company’s stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $306.83, for a total transaction of $997,197.50. Following the completion of the sale, the executive vice president now directly owns 12,250 shares of the company’s stock, valued at $3,758,667.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Raymond F. Laubenthal sold 11,900 shares of the company’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $318.24, for a total value of $3,787,056.00. Following the sale, the director now directly owns 25,112 shares of the company’s stock, valued at $7,991,642.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,100 shares of company stock valued at $30,923,516. 11.45% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of TransDigm Group by 45.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 646 shares of the aerospace company’s stock valued at $177,000 after purchasing an additional 202 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in TransDigm Group during the first quarter valued at $246,000. Sciencast Management LP acquired a new position in TransDigm Group during the fourth quarter valued at $252,000. Zeke Capital Advisors LLC acquired a new position in TransDigm Group during the fourth quarter valued at $255,000. Finally, Federated Investors Inc. PA raised its position in TransDigm Group by 563.0% during the first quarter. Federated Investors Inc. PA now owns 842 shares of the aerospace company’s stock valued at $258,000 after buying an additional 715 shares during the period.

About TransDigm Group

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.

Analyst Recommendations for TransDigm Group (NYSE:TDG)

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