Today, TransDigm Group Inc. (TDG) PT Set at $306.00 by Jefferies Group

Today, TransDigm Group Inc. (TDG) PT Set at $306.00 by Jefferies Group

TransDigm Group Inc. (NYSE:TDG) received a $306.00 price objective from Jefferies Group in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s target price would indicate a potential upside of 17.68% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Deutsche Bank AG upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $282.00 to $290.00 in a research report on Tuesday, November 15th. Vertical Research began coverage on shares of TransDigm Group in a research report on Friday, October 28th. They issued a “buy” rating for the company. Canaccord Genuity restated a “buy” rating and issued a $325.00 price objective on shares of TransDigm Group in a research report on Wednesday, September 7th. Wellington Shields cut shares of TransDigm Group from a “gradually accumulate” rating to a “hold” rating in a research report on Monday, November 14th. Finally, Wolfe Research cut shares of TransDigm Group from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $262.33.

Shares of TransDigm Group (NYSE:TDG) traded up 0.39% during midday trading on Thursday, hitting $260.03. 227,199 shares of the company traded hands. TransDigm Group has a 12-month low of $180.76 and a 12-month high of $294.38. The stock’s 50-day moving average is $268.21 and its 200 day moving average is $271.59. The stock has a market capitalization of $13.87 billion, a P/E ratio of 25.03 and a beta of 0.61.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Monday, November 14th. The company reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.09. TransDigm Group had a net margin of 17.30% and a negative return on equity of 71.44%. The firm earned $875.20 million during the quarter, compared to the consensus estimate of $884.26 million. During the same period last year, the firm posted $2.83 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts expect that TransDigm Group will post $12.30 earnings per share for the current year.

The company also recently disclosed a special dividend, which was paid on Tuesday, November 1st. Investors of record on Monday, October 24th were issued a dividend of $24.00 per share. The ex-dividend date was Thursday, October 20th.

In other TransDigm Group news, VP Robert S. Henderson sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $271.09, for a total value of $2,710,900.00. Following the transaction, the vice president now owns 20,000 shares of the company’s stock, valued at $5,421,800. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Graff sold 3,928 shares of TransDigm Group stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $251.33, for a total transaction of $987,224.24. Following the completion of the transaction, the director now directly owns 9,580 shares in the company, valued at approximately $2,407,741.40. The disclosure for this sale can be found here. Corporate insiders own 9.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in TDG. Nordea Investment Management AB raised its position in shares of TransDigm Group by 10.2% in the second quarter. Nordea Investment Management AB now owns 107,566 shares of the company’s stock worth $28,364,000 after buying an additional 9,963 shares during the last quarter. Beech Hill Advisors Inc. bought a new position in shares of TransDigm Group during the second quarter worth $464,000. Douglass Winthrop Advisors LLC raised its position in shares of TransDigm Group by 1.9% in the second quarter. Douglass Winthrop Advisors LLC now owns 93,849 shares of the company’s stock worth $24,747,000 after buying an additional 1,724 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of TransDigm Group by 259.4% in the second quarter. Capstone Asset Management Co. now owns 8,443 shares of the company’s stock worth $2,226,000 after buying an additional 6,094 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. bought a new position in shares of TransDigm Group during the second quarter worth $11,934,000.

TransDigm Group Company Profile

Related posts

Leave a Comment