TransDigm Group (NYSE:TDG) Given New $1,555.00 Price Target at JPMorgan Chase & Co.

TransDigm Group (NYSE:TDG - Get Free Report) had its target price raised by JPMorgan Chase & Co. from $1,435.00 to $1,555.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the aerospace company's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 10.12% from the company's previous close.

Other analysts have also issued research reports about the stock. UBS Group lowered their price objective on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th. Susquehanna lifted their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 7th. Royal Bank of Canada reiterated an "outperform" rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group reduced their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating for the company in a research note on Tuesday, August 13th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, TransDigm Group has a consensus rating of "Moderate Buy" and a consensus price target of $1,448.41.

TransDigm Group Trading Up 0.1 %

Shares of TDG traded up $1.73 during trading hours on Monday, reaching $1,412.15. 152,695 shares of the stock traded hands, compared to its average volume of 217,473. The stock has a fifty day simple moving average of $1,339.33 and a 200 day simple moving average of $1,298.21. TransDigm Group has a 52 week low of $811.42 and a 52 week high of $1,451.32. The company has a market cap of $79.02 billion, a price-to-earnings ratio of 56.22, a PEG ratio of 1.84 and a beta of 1.43.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating analysts' consensus estimates of $7.77 by $1.23. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The firm's revenue was up 17.3% on a year-over-year basis. During the same period last year, the firm earned $6.55 earnings per share. Analysts predict that TransDigm Group will post 30.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,953,204. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,953,204. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the sale, the director now owns 21,548 shares of the company's stock, valued at approximately $29,659,098.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,472 shares of company stock valued at $23,941,840 in the last quarter. Corporate insiders own 4.96% of the company's stock.

Institutional Investors Weigh In On TransDigm Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fortitude Family Office LLC raised its holdings in TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company's stock worth $29,000 after purchasing an additional 17 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of TransDigm Group in the 1st quarter worth about $30,000. Meeder Asset Management Inc. grew its position in shares of TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company's stock worth $38,000 after buying an additional 22 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of TransDigm Group in the 1st quarter worth about $39,000. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of TransDigm Group in the 2nd quarter worth about $41,000. 95.78% of the stock is currently owned by institutional investors.

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.