TransDigm Group (NYSE:TDG) Price Target Increased to $1,100.00 by Analysts at Susquehanna

TransDigm Group (NYSE:TDGFree Report) had its price target upped by Susquehanna from $875.00 to $1,100.00 in a research note released on Friday, Benzinga reports. The brokerage currently has a neutral rating on the aerospace company’s stock.

A number of other brokerages also recently weighed in on TDG. Stifel Nicolaus raised their target price on shares of TransDigm Group from $1,000.00 to $1,050.00 and gave the company a hold rating in a research note on Tuesday, January 23rd. Royal Bank of Canada raised their target price on shares of TransDigm Group from $975.00 to $1,150.00 and gave the company an outperform rating in a research note on Friday, November 10th. Morgan Stanley raised their target price on shares of TransDigm Group from $1,000.00 to $1,200.00 and gave the company an overweight rating in a research note on Friday, November 10th. Truist Financial raised their target price on shares of TransDigm Group from $1,044.00 to $1,158.00 and gave the company a buy rating in a research note on Wednesday, January 10th. Finally, Alembic Global Advisors downgraded shares of TransDigm Group from an overweight rating to a neutral rating in a research note on Wednesday, November 15th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $1,094.07.

View Our Latest Report on TransDigm Group

TransDigm Group Price Performance

TDG stock opened at $1,109.83 on Friday. TransDigm Group has a 1 year low of $686.46 and a 1 year high of $1,155.24. The company has a market cap of $61.72 billion, a P/E ratio of 47.11, a PEG ratio of 2.26 and a beta of 1.43. The firm has a 50-day moving average of $1,034.06 and a 200 day moving average of $937.44.

TransDigm Group (NYSE:TDGGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the firm earned $4.15 earnings per share. TransDigm Group’s revenue was up 28.1% on a year-over-year basis. On average, equities research analysts expect that TransDigm Group will post 30.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $994.84, for a total value of $2,984,520.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $3,581,424. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $994.84, for a total transaction of $2,984,520.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $3,581,424. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Small sold 20,000 shares of TransDigm Group stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $988.76, for a total transaction of $19,775,200.00. Following the transaction, the director now owns 187,870 shares in the company, valued at approximately $185,758,341.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 151,419 shares of company stock worth $150,261,322. 4.96% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TDG. Compagnie Lombard Odier SCmA purchased a new position in shares of TransDigm Group during the 4th quarter worth $25,000. Oakworth Capital Inc. bought a new stake in shares of TransDigm Group during the 4th quarter valued at $26,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of TransDigm Group during the 3rd quarter valued at $27,000. West Tower Group LLC bought a new stake in shares of TransDigm Group during the 2nd quarter valued at $29,000. Finally, Resurgent Financial Advisors LLC bought a new stake in shares of TransDigm Group during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Company Profile

(Get Free Report)

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.

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