TransDigm Group (NYSE:TDG)’s share price hit a new 52-week high and low during trading on Tuesday after SunTrust Banks raised their price target on the stock to $335.00. SunTrust Banks currently has a buy rating on the stock. TransDigm Group traded as low as $323.91 and last traded at $322.52, with a volume of 227302 shares trading hands. The stock had previously closed at $320.25.
Other equities analysts also recently issued research reports about the company. Royal Bank of Canada set a $370.00 price target on TransDigm Group and gave the company a “buy” rating in a report on Wednesday, January 24th. Canaccord Genuity reiterated a “buy” rating and set a $330.00 price target on shares of TransDigm Group in a report on Friday, February 2nd. Bank of America increased their price target on TransDigm Group from $305.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Zacks Investment Research upgraded TransDigm Group from a “hold” rating to a “buy” rating and set a $317.00 price target on the stock in a report on Monday, February 12th. Finally, Morgan Stanley increased their price target on TransDigm Group from $265.00 to $290.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. TransDigm Group currently has a consensus rating of “Buy” and a consensus price target of $326.57.
In other news, COO Kevin M. Stein bought 1,347 shares of TransDigm Group stock in a transaction that occurred on Thursday, February 22nd. The stock was purchased at an average cost of $296.79 per share, with a total value of $399,776.13. Following the completion of the transaction, the chief operating officer now directly owns 1,347 shares in the company, valued at $399,776.13. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond F. Laubenthal sold 11,900 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $293.75, for a total value of $3,495,625.00. Following the completion of the transaction, the director now directly owns 81,718 shares of the company’s stock, valued at $24,004,662.50. The disclosure for this sale can be found here. Insiders sold 88,644 shares of company stock valued at $26,801,262 over the last three months. 11.45% of the stock is owned by company insiders.
The firm has a market cap of $16,140.14, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.58 and a beta of 0.77. The company has a debt-to-equity ratio of -4.38, a current ratio of 2.76 and a quick ratio of 1.86.
TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.64 by ($0.21). The company had revenue of $847.96 million for the quarter, compared to the consensus estimate of $860.12 million. TransDigm Group had a net margin of 18.95% and a negative return on equity of 27.70%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.57 earnings per share. equities analysts anticipate that TransDigm Group will post 16.69 EPS for the current fiscal year.
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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.
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