TransDigm Group Incorporated (TDG) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 271 from a previous price target of $253 . RBC Capital Mkts advised their investors in a research report released on May 11, 2016.
Many Wall Street Analysts have commented on TransDigm Group Incorporated. TransDigm Group Incorporated was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Apr 13, 2016.
On the company’s financial health, TransDigm Group Incorporated reported $2.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on May 10, 2016. Analyst had a consensus of $2.61. The company had revenue of $796.80 million for the quarter, compared to analysts expectations of $775.62 million. The company’s revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 EPS.
TransDigm Group Incorporated opened for trading at $236.5 and hit $250.77 on the upside on Tuesday, eventually ending the session at $249.5, with a gain of 10.56% or 23.83 points. The heightened volatility saw the trading volume jump to 24,95,675 shares. Company has a market cap of $13,340 M.
In a different news, on May 4, 2016, Bernt G Ii Iversen (Executive Vice President) sold 10,000 shares at $226.91 per share price. According to the SEC, on Apr 21, 2016, Gregory Rufus (Sr. Exec. VP) sold 3,345 shares at $230.00 per share price. On Mar 7, 2016, Robert J Small (director) purchased 41,655 shares at $220.89 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.