Barclays Boosts TransDigm Group (NYSE:TDG) Price Target to $1,500.00

TransDigm Group (NYSE:TDGGet Free Report) had its price objective increased by research analysts at Barclays from $1,250.00 to $1,500.00 in a research note issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the aerospace company’s stock. Barclays‘s price target would suggest a potential upside of 16.64% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on TDG. JPMorgan Chase & Co. increased their price objective on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Robert W. Baird boosted their price objective on TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Royal Bank of Canada raised their target price on TransDigm Group from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Morgan Stanley boosted their price target on shares of TransDigm Group from $1,275.00 to $1,550.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, The Goldman Sachs Group raised their price objective on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,327.44.

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TransDigm Group Price Performance

Shares of TDG stock traded down $24.51 during trading on Monday, hitting $1,285.98. 145,811 shares of the stock traded hands, compared to its average volume of 209,911. The firm has a market capitalization of $71.96 billion, a P/E ratio of 51.10, a price-to-earnings-growth ratio of 2.67 and a beta of 1.40. TransDigm Group has a 52-week low of $768.05 and a 52-week high of $1,330.82. The firm’s fifty day moving average price is $1,225.44 and its 200-day moving average price is $1,092.27.

TransDigm Group (NYSE:TDGGet Free Report) last announced 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 for the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The company’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.39 EPS. As a group, equities research analysts expect that TransDigm Group will post 29.08 earnings per share for the current year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,439,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,439,160. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 11 shares of company stock worth $5,950 and have sold 59,088 shares worth $69,841,110. 4.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Covestor Ltd raised its holdings in shares of TransDigm Group by 279.2% in the 1st quarter. Covestor Ltd now owns 91 shares of the aerospace company’s stock worth $113,000 after purchasing an additional 67 shares in the last quarter. Cynosure Group LLC acquired a new position in TransDigm Group in the first quarter worth approximately $665,000. NWK Group Inc. increased its holdings in shares of TransDigm Group by 3.2% in the first quarter. NWK Group Inc. now owns 2,869 shares of the aerospace company’s stock valued at $3,533,000 after buying an additional 88 shares in the last quarter. Edgestream Partners L.P. lifted its position in shares of TransDigm Group by 444.5% during the 1st quarter. Edgestream Partners L.P. now owns 3,572 shares of the aerospace company’s stock valued at $4,399,000 after acquiring an additional 2,916 shares during the last quarter. Finally, Allstate Corp bought a new stake in shares of TransDigm Group during the 1st quarter worth $208,000. 95.78% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

Analyst Recommendations for TransDigm Group (NYSE:TDG)

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