JPMorgan Chase & Co. Increases Transdigm Group (NYSE:TDG) Price Target to $1,500.00

Key Points

• JPMorgan Chase & Co. has raised its price target for Transdigm Group from $1,480 to $1,500, suggesting a potential upside of 4.96% from the current price.
• Transdigm Group has an average rating of "Moderate Buy" from analysts, with an average target price of $1,615.73.
• Despite posting earnings per share of $9.60, Transdigm missed analysts' estimates by $0.15, with revenue of $2.24 billion for the quarter, lower than expected.

Transdigm Group (NYSE:TDG - Get Free Report) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from $1,480.00 to $1,500.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the aerospace company's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 4.96% from the company's current price.

TDG has been the topic of a number of other research reports. Susquehanna increased their price objective on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Northcoast Research upgraded shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a report on Wednesday, April 9th. UBS Group lifted their price target on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a "buy" rating in a research note on Thursday. KeyCorp boosted their target price on Transdigm Group from $1,500.00 to $1,700.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Finally, Morgan Stanley lifted their price objective on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Transdigm Group presently has an average rating of "Moderate Buy" and an average target price of $1,615.73.

Transdigm Group Stock Performance

Shares of NYSE TDG traded up $27.85 during trading on Thursday, reaching $1,429.07. The stock had a trading volume of 325,328 shares, compared to its average volume of 285,224. The business's 50-day moving average price is $1,509.60 and its 200-day moving average price is $1,409.75. Transdigm Group has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82. The company has a market cap of $80.27 billion, a P/E ratio of 47.43, a PEG ratio of 2.86 and a beta of 1.07.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). Transdigm Group had a negative return on equity of 35.26% and a net margin of 20.98%. The company had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.29 billion. During the same period in the prior year, the company posted $9.00 EPS. The firm's revenue was up 9.3% compared to the same quarter last year. Analysts forecast that Transdigm Group will post 35.13 EPS for the current fiscal year.

Insider Activity

In other news, CFO Sarah Wynne sold 3,200 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $1,452.15, for a total transaction of $4,646,880.00. Following the transaction, the chief financial officer directly owned 3,400 shares in the company, valued at $4,937,310. This represents a 48.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert J. Small sold 45,700 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the completion of the sale, the director owned 88,419 shares of the company's stock, valued at approximately $125,997,959.19. The trade was a 34.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,872 shares of company stock valued at $100,747,061 in the last three months. Company insiders own 4.09% of the company's stock.

Hedge Funds Weigh In On Transdigm Group

A number of large investors have recently modified their holdings of the company. Bruce G. Allen Investments LLC grew its stake in shares of Transdigm Group by 111.1% in the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after buying an additional 10 shares in the last quarter. Winch Advisory Services LLC raised its holdings in shares of Transdigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after buying an additional 7 shares during the last quarter. Saudi Central Bank bought a new stake in shares of Transdigm Group during the first quarter valued at about $30,000. Park Square Financial Group LLC acquired a new stake in Transdigm Group in the fourth quarter worth approximately $32,000. Finally, Bank of Jackson Hole Trust lifted its holdings in Transdigm Group by 84.6% in the 2nd quarter. Bank of Jackson Hole Trust now owns 24 shares of the aerospace company's stock valued at $36,000 after acquiring an additional 11 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Transdigm Group Company Profile

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.

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