TransDigm Group (NYSE:TDG) Price Target Raised to $565.00

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TransDigm Group (NYSE:TDG) had its price objective boosted by UBS Group from $540.00 to $565.00 in a report issued on Wednesday, Stock Target Advisor reports. UBS Group currently has a buy rating on the aerospace company’s stock.

Several other research firms have also issued reports on TDG. Barclays restated a hold rating on shares of Mettler-Toledo International in a research report on Wednesday, May 15th. Goldman Sachs Group set a €137.00 ($159.30) price target on Safran and gave the stock a buy rating in a research report on Monday, March 18th. Berenberg Bank set a $540.00 price target on TransDigm Group and gave the stock a buy rating in a research report on Thursday, June 13th. Credit Suisse Group set a €92.00 ($106.98) price target on Bayerische Motoren Werke and gave the stock a buy rating in a research report on Wednesday, May 8th. Finally, Canaccord Genuity raised their price target on ServiceNow from $285.00 to $300.00 and gave the stock a buy rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $491.27.

NYSE:TDG opened at $498.06 on Wednesday. TransDigm Group has a 12-month low of $307.36 and a 12-month high of $501.17. The company has a market cap of $26.49 billion, a price-to-earnings ratio of 29.31, a P/E/G ratio of 2.59 and a beta of 1.06. The business has a fifty day moving average of $473.77.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $4.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.73 by $0.48. TransDigm Group had a negative return on equity of 50.29% and a net margin of 19.44%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned $3.79 EPS. The firm’s revenue was up 28.2% on a year-over-year basis. Equities analysts predict that TransDigm Group will post 16.03 EPS for the current year.

In other TransDigm Group news, Director John Staer sold 2,500 shares of TransDigm Group stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $464.67, for a total value of $1,161,675.00. Following the sale, the director now owns 1,691 shares of the company’s stock, valued at approximately $785,756.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman W Nicholas Howley sold 17,083 shares of TransDigm Group stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $480.46, for a total value of $8,207,698.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,749 shares of company stock worth $30,135,018. Corporate insiders own 11.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TDG. Lenox Wealth Management Inc. acquired a new stake in shares of TransDigm Group in the 1st quarter valued at about $25,000. Bremer Bank National Association acquired a new stake in shares of TransDigm Group in the first quarter valued at about $32,000. Princeton Global Asset Management LLC acquired a new stake in shares of TransDigm Group in the first quarter valued at about $34,000. Pinnacle Bank acquired a new stake in shares of TransDigm Group in the fourth quarter valued at about $37,000. Finally, Machina Capital S.A.S. acquired a new stake in shares of TransDigm Group in the fourth quarter valued at about $39,000. 99.08% of the stock is currently owned by hedge funds and other institutional investors.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, 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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