KeyBanc Downgrades TransDigm Group Incorporated to Sector Weight

Brokerage firm KeyBanc Downgrades its rating on TransDigm Group Incorporated(NYSE:TDG). The shares have been rated Sector Weight. Previously, the analysts had a Overweight rating on the shares. The rating by KeyBanc was issued on Apr 13, 2016.

In a different note, On Feb 10, 2016, KeyBanc said it Maintains its rating on TransDigm Group Incorporated. In the research note, the firm Lowers the price-target to $249.00 per share. The shares have been rated ‘Overweight’ by the firm. On Feb 10, 2016, RBC Capital said it Upgrades its rating on TransDigm Group Incorporated. The shares have been rated ‘Outperform’ by the firm.

TransDigm Group Incorporated (TDG) made into the market gainers list on Fridays trading session with the shares advancing 0.56% or 1.25 points. Due to strong positive momentum, the stock ended at $226.39, which is also near the day’s high of $226.87. The stock began the session at $225.14 and the volume stood at 2,33,723 shares. The 52-week high of the shares is $244.9 and the 52 week low is $180.76. The company has a current market capitalization of $12,104 M and it has 5,34,66,525 shares in outstanding.

TransDigm Group Incorporated(TDG) last announced its earnings results on Feb 9, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $701.70M. Analysts had an estimated revenue of $737.58M. Earnings per share were $2.27. Analysts had estimated an EPS of $2.30.

Several Insider Transactions has been reported to the SEC. On Mar 18, 2016, Gregory Rufus (Sr. Exec. VP) sold 3,888 shares at $230.00 per share price.Also, On Mar 7, 2016, Robert J Small (director) purchased 41,655 shares at $220.89 per share price.On Feb 1, 2016, Robert S Henderson (Exec.V.P.) sold 10,000 shares at $226.29 per share price, according to the Form-4 filing with the securities and exchange commission.

TransDigm Group Incorporated (TransDigm) is a designer producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control Airframe and Non-aviation. Its Power & Control segment includes operations that primarily develop produce and market systems and components that provide power to or control power of the aircraft utilizing electronic fluid power and mechanical motion control technologies. Its Airframe segment includes operations that primarily develop produce and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. Its Non-aviation segment includes operations that primarily develop produce and market products for non-aviation markets. Its product offerings include mechanical/electro-mechanical actuators and controls ignition systems and engine technology and power conditioning devices.

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