Morgan Stanley Raises TransDigm Group (TDG) Price Target to $290.00

TransDigm Group (NYSE:TDG) had its price objective lifted by equities researchers at Morgan Stanley from $265.00 to $290.00 in a research report issued to clients and investors on Friday. The firm presently has an “equal weight” rating on the aerospace company’s stock. Morgan Stanley’s target price points to a potential upside of 2.64% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. SunTrust Banks reissued a “buy” rating and issued a $307.00 target price on shares of TransDigm Group in a report on Friday, November 10th. Canaccord Genuity lowered their target price on TransDigm Group from $330.00 to $315.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Royal Bank of Canada set a $370.00 target price on TransDigm Group and gave the company a “buy” rating in a report on Wednesday, January 24th. Robert W. Baird reissued a “buy” rating and issued a $300.00 target price on shares of TransDigm Group in a report on Thursday, October 12th. Finally, Bank of America increased their target price on TransDigm Group from $305.00 to $350.00 and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $309.44.

TransDigm Group (NYSE:TDG) opened at $282.55 on Friday. TransDigm Group has a 1-year low of $203.72 and a 1-year high of $321.38. The company has a debt-to-equity ratio of -4.38, a current ratio of 2.76 and a quick ratio of 1.61. The firm has a market capitalization of $14,771.56, a PE ratio of 23.24, a price-to-earnings-growth ratio of 1.90 and a beta of 0.66.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.21). TransDigm Group had a net margin of 18.95% and a negative return on equity of 27.70%. The firm had revenue of $847.96 million during the quarter, compared to the consensus estimate of $860.12 million. During the same period in the prior year, the company posted $2.57 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. equities research analysts forecast that TransDigm Group will post 12.72 EPS for the current year.

In other TransDigm Group news, Director Michael Graff sold 1,872 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $278.92, for a total value of $522,138.24. Following the completion of the sale, the director now owns 9,482 shares in the company, valued at $2,644,719.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Raymond F. Laubenthal sold 11,900 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $295.87, for a total value of $3,520,853.00. Following the sale, the director now owns 81,718 shares of the company’s stock, valued at approximately $24,177,904.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 94,548 shares of company stock valued at $25,894,245. Company insiders own 10.52% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans grew its position in shares of TransDigm Group by 1.1% during the second quarter. Thrivent Financial For Lutherans now owns 1,850 shares of the aerospace company’s stock worth $497,000 after purchasing an additional 20 shares in the last quarter. Sentry Investment Management LLC grew its position in shares of TransDigm Group by 1.1% during the second quarter. Sentry Investment Management LLC now owns 3,683 shares of the aerospace company’s stock worth $990,000 after purchasing an additional 40 shares in the last quarter. Colony Group LLC grew its position in shares of TransDigm Group by 1.9% during the second quarter. Colony Group LLC now owns 8,135 shares of the aerospace company’s stock worth $2,187,000 after purchasing an additional 152 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of TransDigm Group by 43.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519 shares of the aerospace company’s stock worth $142,000 after purchasing an additional 158 shares in the last quarter. Finally, Norinchukin Bank The grew its position in shares of TransDigm Group by 5.9% during the third quarter. Norinchukin Bank The now owns 3,593 shares of the aerospace company’s stock worth $919,000 after purchasing an additional 199 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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