RBC Capital Reiterates a Buy Rating on Transdigm Group Inc

By Carrie Williams

RBC Capital analyst Matthew W. McConnell reiterated a Buy rating on Transdigm Group Inc (NYSE: TDG) today and set a price target of $316. The company’s shares opened today at $255.56.

According to TipRanks.com, McConnell is a 4-star analyst with an average return of 8.4% and a 69.0% 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 $288.25, representing a 12.8% upside.

In a report issued on May 8, Jefferies also reiterated a Buy rating on the stock with a $283 price target.

Based on Transdigm Group Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $873 million and quarterly net profit of $156 million. In comparison, last year the company earned revenue of $797 million and had a net profit of $139 million.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. Last month, Jorge Valladares, the EVP of TDG sold 6,000 shares for a total of $1,470,000.

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.