Transdigm Group (TDG) Receives a Buy from Canaccord Genuity

By Carrie Williams

Canaccord Genuity analyst Kenneth Herbert maintained a Buy rating on Transdigm Group (TDGResearch Report) yesterday. The company’s shares closed last Monday at $443.76.

According to, Herbert is a 5-star analyst with an average return of 15.6% and a 65.4% success rate. Herbert covers the Technology sector, focusing on stocks such as Rada Electronics Industries, Aerojet Rocketdyne Holdings, and CPI Aerostructures.

Currently, the analyst consensus on Transdigm Group is a Moderate Buy with an average price target of $404.70, which is a -6.2% downside from current levels. In a report issued on June 19, Goldman Sachs also maintained a Buy rating on the stock with a $402.00 price target.

See today’s analyst top recommended stocks >>

Transdigm Group’s market cap is currently $24B and has a P/E ratio of 28.40. The company has a Price to Book ratio of -1.55.

Based on the recent corporate insider activity of 72 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. Earlier this month, Nicholas Howley, the ECOB of TDG sold 20,000 shares for a total of $9,302,529.

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. The Power and 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 covers 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 focuses on 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.