Jefferies Group Reaffirms “Hold” Rating for TransDigm Group (TDG)

TransDigm Group (NYSE:TDG)‘s stock had its “hold” rating reiterated by Jefferies Group in a research note issued on Monday. They currently have a $285.00 price target on the aerospace company’s stock. Jefferies Group’s target price would suggest a potential upside of 0.92% from the company’s previous close.

TDG has been the subject of a number of other reports. Zacks Investment Research upgraded shares of TransDigm Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Royal Bank of Canada set a $346.00 target price on shares of TransDigm Group and gave the stock a “buy” rating in a report on Thursday, November 16th. SunTrust Banks restated a “buy” rating and set a $300.00 target price on shares of TransDigm Group in a report on Monday, October 2nd. Robert W. Baird restated a “buy” rating and set a $300.00 target price on shares of TransDigm Group in a report on Thursday, October 12th. Finally, Canaccord Genuity restated a “buy” rating and set a $330.00 target price on shares of TransDigm Group in a report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $297.17.

Shares of TransDigm Group (NYSE TDG) traded up $6.39 during trading hours on Monday, reaching $282.41. 379,200 shares of the company were exchanged, compared to its average volume of 519,733. The company has a market capitalization of $14,670.00, a PE ratio of 33.42, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. TransDigm Group has a 1 year low of $203.72 and a 1 year high of $295.00. The company has a quick ratio of 1.61, a current ratio of 2.45 and a debt-to-equity ratio of -3.86.

TransDigm Group (NYSE:TDG) last issued its earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.18 by $0.30. The firm had revenue of $923.89 million during the quarter, compared to analysts’ expectations of $959.77 million. TransDigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $3.29 earnings per share. research analysts predict that TransDigm Group will post 12.73 earnings per share for the current fiscal year.

In other TransDigm Group news, VP Robert S. Henderson sold 15,000 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $263.74, for a total value of $3,956,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Graff sold 1,872 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $278.92, for a total transaction of $522,138.24. Following the completion of the sale, the director now owns 9,482 shares of the company’s stock, valued at approximately $2,644,719.44. The disclosure for this sale can be found here. Insiders sold a total of 98,648 shares of company stock valued at $26,439,672 in the last ninety days. Company insiders own 10.52% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in TDG. Tiger Global Management LLC lifted its position in TransDigm Group by 57.4% in the 2nd quarter. Tiger Global Management LLC now owns 4,000,000 shares of the aerospace company’s stock worth $1,075,480,000 after buying an additional 1,459,272 shares in the last quarter. Capital International Investors lifted its position in TransDigm Group by 51.8% in the 2nd quarter. Capital International Investors now owns 1,332,593 shares of the aerospace company’s stock worth $358,294,000 after buying an additional 454,568 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in TransDigm Group by 1,843.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 191,538 shares of the aerospace company’s stock worth $5,698,000 after buying an additional 181,683 shares in the last quarter. Windacre Partnership LLC lifted its position in TransDigm Group by 20.4% in the 3rd quarter. Windacre Partnership LLC now owns 773,100 shares of the aerospace company’s stock worth $197,643,000 after buying an additional 131,000 shares in the last quarter. Finally, Matrix Capital Management Company LP lifted its position in TransDigm Group by 16.2% in the 2nd quarter. Matrix Capital Management Company LP now owns 717,783 shares of the aerospace company’s stock worth $192,990,000 after buying an additional 100,000 shares in the last quarter.

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About TransDigm Group

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.

Analyst Recommendations for TransDigm Group (NYSE:TDG)

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