Cowen & Co. Believes Transdigm Group Inc (TDG) Still Has Room to Grow


Cowen & Co. analyst Gautam Khanna upgraded Transdigm Group Inc (NYSE: TDG) to Buy today and set a price target of $408. The company’s shares closed yesterday at $352.37, close to its 52-week high of $355.

According to TipRanks.com, Khanna is a 5-star analyst with an average return of 13.1% and a 78.6% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Huntington Ingalls, Vista Outdoor, and ManTech.

Transdigm Group Inc has an analyst consensus of Moderate Buy, with a price target consensus of $358.33, representing a 1.7% upside. In a report issued on June 28, Canaccord Genuity also maintained a Buy rating on the stock with a $375 price target.

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Transdigm Group Inc’s market cap is currently $18.45B and has a P/E ratio of 27.10. The company has a Price to Book ratio of -7.99.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Robert Henderson, the Exec.V.P. of TDG sold 15,000 shares for a total of $5,002,342.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

TransDigm Group, Inc. engages in the design and supply of engineered aerospace components, systems and subsystems. It operates through the following segments: Power & Control, Airframe, and Non-Aviation.

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