Royal Bank of Canada Increases TransDigm Group (NYSE:TDG) Price Target to $1,400.00

TransDigm Group (NYSE:TDG) had its price target increased by research analysts at Royal Bank of Canada from $1,300.00 to $1,400.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the aerospace company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 6.11% from the stock’s previous close.

A number of other brokerages have also issued reports on TDG. KeyCorp increased their price objective on TransDigm Group from $1,220.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Stifel Nicolaus increased their price target on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Robert W. Baird increased their price target on TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a research note on Wednesday. Citigroup increased their price target on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Finally, Barclays increased their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,289.94.

TransDigm Group Trading Up 0.7 %

Shares of TDG traded up $9.00 during mid-day trading on Wednesday, hitting $1,319.40. The company’s stock had a trading volume of 140,596 shares, compared to its average volume of 209,388. The firm has a 50-day simple moving average of $1,217.21 and a 200 day simple moving average of $1,083.86. The firm has a market capitalization of $73.37 billion, a P/E ratio of 56.08, a P/E/G ratio of 2.63 and a beta of 1.40. TransDigm Group has a 1-year low of $766.00 and a 1-year high of $1,328.15.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating the consensus estimate of $7.42 by $0.57. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period last year, the firm earned $5.39 EPS. As a group, sell-side analysts predict that TransDigm Group will post 29.08 EPS for the current fiscal year.

Insider Activity at TransDigm Group

In other news, Director W Nicholas Howley sold 2,391 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the completion of the transaction, the director now owns 21,549 shares of the company’s stock, valued at approximately $25,008,691.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Michael Graff sold 3,460 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the sale, the director now owns 4,879 shares of the company’s stock, valued at $5,406,761.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 2,391 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the completion of the transaction, the director now directly owns 21,549 shares in the company, valued at approximately $25,008,691.95. The disclosure for this sale can be found here. Insiders sold 59,087 shares of company stock worth $69,840,358 in the last ninety days. 4.96% of the stock is owned by company insiders.

Institutional Investors Weigh In On TransDigm Group

Several institutional investors and hedge funds have recently modified their holdings of TDG. Compagnie Lombard Odier SCmA bought a new stake in shares of TransDigm Group during the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. bought a new position in TransDigm Group during the fourth quarter valued at $26,000. ORG Partners LLC purchased a new stake in shares of TransDigm Group during the first quarter valued at $30,000. Optiver Holding B.V. bought a new position in TransDigm Group in the third quarter worth about $35,000. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of TransDigm Group during the fourth quarter valued at about $37,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. 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, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.