In a report released today, Robert Spingarn from Credit Suisse maintained a Buy rating on Transdigm Group Inc (NYSE: TDG), with a price target of $400. The company’s shares closed yesterday at $336.82, close to its 52-week high of $346.51.
According to TipRanks.com, Spingarn is a 5-star analyst with an average return of 15.3% and a 71.4% success rate. Spingarn covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, L3 Technologies Inc, and Huntington Ingalls.
Currently, the analyst consensus on Transdigm Group Inc is a Moderate Buy with an average price target of $358, implying a 6.3% upside from current levels. In a report released yesterday, 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 $17.63B and has a P/E ratio of 25.90. The company has a Price to Book ratio of -7.64.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. Last month, 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.
