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

TransDigm Group (NYSE:TDG - Get Free Report) had its price objective upped by investment analysts at Royal Bank of Canada from $1,300.00 to $1,400.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an "outperform" rating on the aerospace company's stock. Royal Bank of Canada's price target would suggest a potential upside of 6.46% from the stock's current price.

Several other equities research analysts have also recently issued reports on TDG. Citigroup lifted their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a "buy" rating in a report on Thursday, April 4th. JPMorgan Chase & Co. lifted their target price 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 target price on TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an "outperform" rating in a report on Wednesday. Truist Financial lifted their target price on TransDigm Group from $1,267.00 to $1,425.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, TD Cowen lifted their target price on TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a "buy" rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, TransDigm Group currently has an average rating of "Moderate Buy" and a consensus target price of $1,289.94.

TransDigm Group Trading Up 0.4 %

TransDigm Group stock traded up $4.60 during midday trading on Wednesday, hitting $1,315.00. The stock had a trading volume of 248,163 shares, compared to its average volume of 210,719. TransDigm Group has a 52-week low of $766.00 and a 52-week high of $1,328.15. The company has a market capitalization of $73.13 billion, a PE ratio of 55.81, a P/E/G ratio of 2.63 and a beta of 1.40. The firm's fifty day moving average is $1,217.21 and its two-hundred day moving average is $1,083.86.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.42 by $0.57. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. TransDigm Group's revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.39 EPS. As a group, equities research analysts predict that TransDigm Group will post 29.08 earnings per share for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director Michael Graff sold 3,460 shares of the business's stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the completion of the transaction, the director now owns 4,879 shares in the company, valued at $5,406,761.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $1,140.48, for a total value of $3,421,440.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,105,728. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Graff sold 3,460 shares of the business's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the completion of the sale, the director now owns 4,879 shares of the company's stock, valued at approximately $5,406,761.43. The disclosure for this sale can be found here. Insiders sold 59,087 shares of company stock worth $69,840,358 over the last 90 days. Company insiders own 4.96% of the company's stock.

Institutional Trading of TransDigm Group

Large investors have recently modified their holdings of the company. Compagnie Lombard Odier SCmA purchased a new stake in shares of TransDigm Group in the fourth quarter valued at approximately $25,000. ORG Partners LLC purchased a new stake in TransDigm Group during the first quarter worth $30,000. Oakworth Capital Inc. purchased a new stake in TransDigm Group during the fourth quarter worth $26,000. Central Pacific Bank Trust Division purchased a new stake in TransDigm Group during the first quarter worth $39,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its holdings in TransDigm Group by 48.0% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company's stock worth $38,000 after buying an additional 12 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

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.