Transdigm Group (TDG) Receives a Rating Update from a Top Analyst

Bank of America Securities analyst Ronald Epstein maintained a Buy rating on Transdigm Group yesterday and set a price target of $1,615.00. The company’s shares closed yesterday at $1,296.15.

Claim 50% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

According to TipRanks, Epstein is a top 100 analyst with an average return of 21.8% and a 69.17% success rate. Epstein covers the Industrials sector, focusing on stocks such as Boeing, L3Harris Technologies, and Northrop Grumman.

Currently, the analyst consensus on Transdigm Group is a Moderate Buy with an average price target of $1,608.07, a 24.07% upside from current levels. In a report released on February 11, Jefferies also maintained a Buy rating on the stock with a $1,565.00 price target.

Based on Transdigm Group’s latest earnings release for the quarter ending December 27, the company reported a quarterly revenue of $2.29 billion and a net profit of $386 million. In comparison, last year the company earned a revenue of $2.01 billion and had a net profit of $493 million

Based on the recent corporate insider activity of 128 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. Earlier this month, Nicholas Howley, the ECOB of TDG sold 10,168.00 shares for a total of $13,296,442.86.