Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Transdigm Group (TDG) Share Price
News headlines about Transdigm Group (NYSE:TDG) have trended somewhat positive on Thursday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Transdigm Group earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the aerospace company an impact score of 45.5960144308617 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s rankings:
- TRANSDIGM GROUP SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES … (prnewswire.com)
- TRANSDIGM GROUP SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against TransDigm Group Incorporated – (TDG) (finance.yahoo.com)
- 7-DAY DEADLINE: Khang & Khang LLP Announces Securities Class Action Lawsuit against TransDigm Group Incorporated and Encourages Investors with Losses to Contact the Firm (finance.yahoo.com)
- TDG SHAREHOLDER ALERT: The Law Offices of Vincent Wong Reminds Investors of Commencement of a Class Action Involving TransDigm Group Incorporated and a Lead Plaintiff Deadline of October 10, 2017 (finance.yahoo.com)
- SHAREHOLDER REMINDER: Lundin Law PC Announces Securities Class Action Lawsuit against TransDigm Group Incorporated and Encourages Investors with Losses to Contact the Firm (finance.yahoo.com)
Several brokerages have commented on TDG. Deutsche Bank AG reiterated a “buy” rating and issued a $305.00 target price on shares of Transdigm Group in a report on Tuesday, June 13th. Stephens cut shares of Transdigm Group from an “equal weight” rating to an “underweight” rating and set a $230.00 target price for the company. in a report on Thursday, August 3rd. Canaccord Genuity reiterated a “buy” rating and issued a $330.00 target price (up from $300.00) on shares of Transdigm Group in a report on Wednesday, August 9th. Morgan Stanley reiterated an “equal weight” rating and issued a $281.00 target price (up from $245.00) on shares of Transdigm Group in a report on Thursday, July 13th. Finally, Wolfe Research cut shares of Transdigm Group from an “outperform” rating to a “market perform” rating in a report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Transdigm Group has an average rating of “Buy” and a consensus price target of $295.58.
Shares of Transdigm Group (NYSE TDG) opened at 262.88 on Thursday. The firm has a market capitalization of $13.65 billion, a PE ratio of 29.21 and a beta of 0.53. Transdigm Group has a 12-month low of $203.72 and a 12-month high of $295.00. The company’s 50 day moving average is $262.54 and its 200 day moving average is $259.10.
Transdigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.32. Transdigm Group had a negative return on equity of 40.12% and a net margin of 14.47%. The business had revenue of $907.67 million during the quarter, compared to analysts’ expectations of $903.99 million. During the same period in the prior year, the business earned $3.09 EPS. Transdigm Group’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, analysts forecast that Transdigm Group will post $12.30 earnings per share for the current year.
The firm also recently announced a special dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, September 5th were paid a dividend of $22.00 per share. The ex-dividend date was Thursday, August 31st.
In other Transdigm Group news, insider Jorge Valladares sold 5,900 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $278.03, for a total transaction of $1,640,377.00. Following the completion of the transaction, the insider now owns 14,900 shares of the company’s stock, valued at approximately $4,142,647. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Raymond F. Laubenthal sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $254.19, for a total value of $1,525,140.00. Following the transaction, the director now directly owns 75,701 shares of the company’s stock, valued at approximately $19,242,437.19. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,000 shares of company stock valued at $6,549,337. 10.52% of the stock is owned by company insiders.
Transdigm Group Company Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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