TransDigm Group (NYSE:TDG) Price Target Cut to $620.00 by Analysts at Susquehanna Bancshares

TransDigm Group (NYSE:TDGGet Rating) had its target price lowered by Susquehanna Bancshares from $720.00 to $620.00 in a research note issued to investors on Wednesday morning, Stock Target Advisor reports.

Several other brokerages also recently issued reports on TDG. Morgan Stanley raised their price objective on shares of TransDigm Group from $762.00 to $801.00 and gave the stock an overweight rating in a research report on Wednesday, February 9th. Susquehanna lowered their price objective on shares of TransDigm Group from $720.00 to $620.00 in a research report on Wednesday. Wells Fargo & Company lowered their price objective on shares of TransDigm Group from $700.00 to $620.00 in a research report on Wednesday. Finally, StockNews.com cut shares of TransDigm Group from a buy rating to a hold rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, TransDigm Group presently has an average rating of Buy and an average target price of $704.81.

NYSE TDG opened at $570.77 on Wednesday. The firm’s fifty day moving average price is $633.76 and its 200 day moving average price is $631.04. The company has a market capitalization of $31.66 billion, a price-to-earnings ratio of 44.66, a price-to-earnings-growth ratio of 1.93 and a beta of 1.43. TransDigm Group has a 12 month low of $540.28 and a 12 month high of $688.03.

TransDigm Group (NYSE:TDGGet Rating) last posted its earnings results on Tuesday, May 10th. The aerospace company reported $3.29 EPS for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.02). TransDigm Group had a net margin of 16.23% and a negative return on equity of 23.98%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the business earned $2.29 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, equities analysts expect that TransDigm Group will post 13.64 earnings per share for the current year.

In other TransDigm Group news, Director Raymond F. Laubenthal sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 22nd. The shares were sold at an average price of $670.00, for a total transaction of $3,350,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 11,500 shares of the firm’s stock in a transaction dated Monday, April 18th. The shares were sold at an average price of $631.75, for a total transaction of $7,265,125.00. Following the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $13,612,949. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,500 shares of company stock valued at $25,324,315. 9.13% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of TDG. Tcwp LLC bought a new position in shares of TransDigm Group during the 1st quarter valued at about $29,000. TFO TDC LLC acquired a new position in shares of TransDigm Group in the fourth quarter worth about $32,000. Duncker Streett & Co. Inc. acquired a new position in shares of TransDigm Group in the fourth quarter worth about $35,000. Cordasco Financial Network acquired a new position in shares of TransDigm Group in the first quarter worth about $35,000. Finally, Farmers & Merchants Investments Inc. boosted its holdings in shares of TransDigm Group by 51.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 56 shares of the aerospace company’s stock worth $36,000 after buying an additional 19 shares during the period. Institutional investors own 99.33% of the company’s stock.

About TransDigm Group (Get Rating)

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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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