Jefferies Sticks to Its Buy Rating for Transdigm Group (TDG)
In a report released today, Sheila Kahyaoglu from Jefferies maintained a Buy rating on Transdigm Group, with a price target of $1,635.00.
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Kahyaoglu covers the Industrials sector, focusing on stocks such as Boeing, Delta Air Lines, and General Dynamics. According to TipRanks, Kahyaoglu has an average return of 15.6% and a 65.93% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Transdigm Group with a $1,624.77 average price target.
Based on Transdigm Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.44 billion and a net profit of $610 million. In comparison, last year the company earned a revenue of $2.19 billion and had a net profit of $468 million
Based on the recent corporate insider activity of 125 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. Last month, Kevin Stein, a Director at TDG sold 7,627.00 shares for a total of $10,726,394.91.
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