.jpg "Transdigm Group (NYSE: TDG)")
In a report issued on November 15, Ross Law from Berenberg Bank maintained a Buy rating on Transdigm Group (TDG), with a price target of $600.00. The company’s shares closed last Monday at $559.78, close to its 52-week high of $564.09.
Law has an average return of 16.3% when recommending Transdigm Group.
According to TipRanks.com, Law is ranked #2891 out of 5679 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Transdigm Group with a $590.80 average price target, a 5.3% upside from current levels. In a report issued on November 15, Canaccord Genuity also maintained a Buy rating on the stock with a $620.00 price target.
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Based on Transdigm Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $144 million. In comparison, last year the company had a net profit of $230 million.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TDG in relation to earlier this year. Most recently, in August 2019, Robert Henderson, the Exec.V.P. of TDG sold 15,000 shares for a total of $8,080,560.
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 producing, designing, and supplying of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe, and Non-Aviation.
