Barclays Capital Boosts Price Target on Transdigm Group (TDG)
Investment analysts at Barclays Capital (NYSE: BCS) lifted their target price on shares of Transdigm Group (NYSE: TDG) from $140.00 to $150.00 in a note issued to investors on Wednesday. The firm currently has an “overweight” rating on the stock.
Transdigm Group traded down 0.35% on Wednesday, hitting $125.51. Transdigm Group has a 52-week low of $73.76 and a 52-week high of $132.69. The company has a market cap of $6.319 billion and a price-to-earnings ratio of 25.28.
Transdigm Group last posted its quarterly earnings results on Tuesday, May 8th. The company reported $1.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.46 by $0.19. The company’s quarterly revenue was up 36.0% on a year-over-year basis. Analysts expect that Transdigm Group will post $1.70 EPS next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Transdigm Group from $127.00 to $135.00 in a research note to investors on Wednesday. Separately, analysts at Sidoti downgraded shares of Transdigm Group from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, May 2nd. Finally, analysts at UBS AG (NYSE: UBS) raised their price target on shares of Transdigm Group from $130.00 to $135.00 in a research note to investors on Friday, April 20th. They now have a “buy” rating on the stock.
TransDigm Group Incorporated (TD Group) is a global designer, producer and supplier of aircraft components for use on commercial and military aircraft in service.