Transdigm Group Inc Gets a Buy from RBC Capital

By Austin Angelo

In a report released yesterday, Matthew W. McConnell from RBC Capital reiterated a Buy rating on Transdigm Group Inc (NYSE: TDG), with a price target of $316. The company’s shares closed yesterday at $236.46.

According to TipRanks.com, McConnell is a 4-star analyst with an average return of 8.9% and a 72.7% success rate. McConnell covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, United Technologies Corp, and General Dynamics Corp.

Currently, the analyst consensus on Transdigm Group Inc is Strong Buy and the average price target is $296, representing a 25.2% upside.

In a report issued on April 17, Jefferies also reiterated a Buy rating on the stock with a $298 price target.

Transdigm Group Inc’s market cap is currently $12.48B and has a P/E ratio of 29.28. The company has a book value ratio of -6.8154.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TDG in relation to earlier this year. Last month, Robert Small, a Director at TDG bought 104,967 shares for a total of $24,451,308.

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. The Power & Control segment includes operations that primarily develop, produce and market systems and components that predominately provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies. The Airframe segment includes operations that primarily develop, produce and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. The Non-aviation segment includes operations that primarily develop, produce and market products for non-aviation markets. The company was founded by W. Nicholas Howley and Douglas W. Peacock on July 8, 2003 and is headquartered in Cleveland, OH.