TransDigm Group (NYSE:TDG) Given New $1,400.00 Price Target at Royal Bank of Canada

TransDigm Group (NYSE:TDG) had its price objective hoisted by Royal Bank of Canada from $1,300.00 to $1,400.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the aerospace company’s stock. Royal Bank of Canada’s target price points to a potential upside of 6.15% from the stock’s previous close.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group raised their price target on TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Stifel Nicolaus lifted their price objective on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. lifted their price objective on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. Robert W. Baird lifted their price objective on TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, KeyCorp lifted their price objective on TransDigm Group from $1,220.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,311.81.

TransDigm Group Stock Up 0.3 %

Shares of TransDigm Group stock opened at $1,318.86 on Wednesday. The firm has a market cap of $73.34 billion, a price-to-earnings ratio of 55.98, a price-to-earnings-growth ratio of 2.63 and a beta of 1.40. TransDigm Group has a 52-week low of $768.05 and a 52-week high of $1,330.38. The company’s 50-day simple moving average is $1,222.89 and its 200-day simple moving average is $1,087.09.

TransDigm Group (NYSE:TDG) last posted 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 during the quarter, compared to analysts’ expectations of $1.88 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period last year, the firm earned $5.39 EPS. Equities research analysts anticipate that TransDigm Group will post 29.08 EPS for the current year.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total value 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 $4,439,160. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other 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 value of $3,699,300.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,439,160. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the sale, 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 purchased 11 shares of company stock valued at $5,950 and sold 59,088 shares valued at $69,841,110. Insiders own 4.96% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

A number of hedge funds and other institutional investors have recently made changes to their positions in TDG. Compagnie Lombard Odier SCmA purchased a new stake in TransDigm Group during the fourth quarter valued at about $25,000. Oakworth Capital Inc. purchased a new stake in TransDigm Group during the fourth quarter valued at about $26,000. ORG Partners LLC purchased a new stake in TransDigm Group during the first quarter valued at about $30,000. Optiver Holding B.V. purchased a new stake in TransDigm Group during the third quarter valued at about $35,000. Finally, VisionPoint Advisory Group LLC purchased a new stake in TransDigm Group during the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

About TransDigm Group

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.