TransDigm Group (NYSE:TDG) Price Target Raised to $1,518.00 at The Goldman Sachs Group

TransDigm Group (NYSE:TDG) had its price objective upped by analysts at The Goldman Sachs Group from $1,285.00 to $1,518.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 23.85% from the stock’s current price.

Several other analysts also recently commented on TDG. Truist Financial upped their price objective on TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Susquehanna upped their price objective on TransDigm Group from $875.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Citigroup raised their price target on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Stifel Nicolaus raised their price target on TransDigm Group from $1,000.00 to $1,050.00 and gave the company a “hold” rating in a report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. raised their price target on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,163.27.

TransDigm Group Stock Performance

TransDigm Group stock opened at $1,225.70 on Tuesday. TransDigm Group has a fifty-two week low of $741.74 and a fifty-two week high of $1,248.39. The company has a market capitalization of $68.16 billion, a P/E ratio of 52.02, a PEG ratio of 2.46 and a beta of 1.42. The stock has a 50-day simple moving average of $1,189.68 and a 200-day simple moving average of $1,042.37.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, beating the consensus estimate of $6.41 by $0.75. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The firm’s revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the business earned $4.15 EPS. As a group, analysts forecast that TransDigm Group will post 29.03 earnings per share for the current year.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,439,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Friday, April 12th. The stock was 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 owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Monday, April 15th. The shares were 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 directly owns 3,600 shares of the company’s stock, valued at approximately $4,439,160. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,087 shares of company stock valued at $69,840,358. Corporate insiders own 4.96% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Compagnie Lombard Odier SCmA purchased a new stake in shares of TransDigm Group in the fourth quarter valued at $25,000. Oakworth Capital Inc. acquired a new position in TransDigm Group in the fourth quarter valued at $26,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in TransDigm Group in the third quarter valued at $27,000. Resurgent Financial Advisors LLC acquired a new position in TransDigm Group in the fourth quarter valued at $30,000. Finally, Optiver Holding B.V. acquired a new position in TransDigm Group in the third quarter valued at $35,000. 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.