Analysts Offer Insights on Consumer Goods Companies: Transdigm Group Inc (TDG) and Turtle Beach Corp (HEAR)


There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Transdigm Group Inc (NYSE:TDG) and Turtle Beach Corp (NASDAQ:HEAR) with bullish sentiments.

Transdigm Group Inc (TDG)

Credit Suisse analyst Robert Spingarn maintained a Buy rating on Transdigm Group Inc yesterday and set a price target of $408. The company’s shares closed yesterday at $321.13.

According to TipRanks.com, Spingarn is a 5-star analyst with an average return of 17.2% and a 73.3% success rate. Spingarn covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, L3 Technologies Inc, and Spirit AeroSystems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Transdigm Group Inc with a $397.43 average price target, a 23.8% upside from current levels. In a report issued on October 10, Cowen & Co. also assigned a Buy rating to the stock with a $408 price target.

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Turtle Beach Corp (HEAR)

In a report released yesterday, Andrew Uerkwitz from Oppenheimer maintained a Buy rating on Turtle Beach Corp, with a price target of $35. The company’s shares closed yesterday at $18.01.

Uerkwitz wrote:

“This morning Turtle Beach pre-announced better than expected numbers. Revenue will be $73-$74M vs. prior guidance of $65M while adjusted EBITDA will be approximately $17M vs. prior guidance of $11M. Continued strong demand related to battle royale games was cited as the primary driver of the quarterly beat. The battle royale genre, in our view, is but one example of types of video games that make high-quality headsets essential. More and more games are being built specifically to play with multiplayer and more important “squad/team” modes. Having a headset with microphone offers gamers several advantages, the least of which is a better audio and social experience compared to playing without a headset.”

According to TipRanks.com, Uerkwitz is a 5-star analyst with an average return of 22.1% and a 60.7% success rate. Uerkwitz covers the Consumer Goods sector, focusing on stocks such as Axon Enterprise Inc, Himax Technologies, and Universal Display.

Turtle Beach Corp has an analyst consensus of Strong Buy, with a price target consensus of $38.75.

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