TransDigm Group Incorporated (TDG) was Initiated by Jefferies to “Buy” and the brokerage firm has set the Price Target at $340. Jefferies advised their investors in a research report released on Sep 22, 2016.
Many Wall Street Analysts have commented on TransDigm Group Incorporated. Company shares were Reiterated by Deutsche Bank on Aug 10, 2016 to “Hold”, Firm has raised the Price Target to $ 300 from a previous price target of $260 .TransDigm Group Incorporated was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Jun 29, 2016.
On the company’s financial health, TransDigm Group Incorporated reported $3.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.28 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $2.81. The company had revenue of $797.70 million for the quarter, compared to analysts expectations of $805.85 million. The company’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.26 EPS.
TransDigm Group Incorporated closed down -2.79 points or -0.99% at $279.71 with 2,86,928 shares getting traded on Tuesday. Post opening the session at $283.81, the shares hit an intraday low of $278.52 and an intraday high of $283.81 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Sep 19, 2016, W Nicholas Howley (Chief Executive Officer) sold 7,500 shares at $282.34 per share price. According to the SEC, on Sep 14, 2016, Peter Palmer (Executive Vice President) sold 20,500 shares at $282.58 per share price. On Sep 1, 2016, Roger Jones (Executive Vice President) sold 7,500 shares at $285.81 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.