Transdigm Group (NYSE: TDG) saw its price target raised by Royal Bank of Canada from $1,200.00 to $1,300.00 in a report issued on Wednesday. The firm maintained a sector perform rating on the aerospace company, suggesting a potential upside of 5.81% from its current price of $1,228.67.
Other analysts have recently adjusted their outlooks on Transdigm Group. JPMorgan Chase & Co. lowered its target from $1,450.00 to $1,415.00 with a neutral rating, while BMO Capital Markets decreased its target from $1,525.00 to $1,400.00 with an outperform rating. TD Cowen reduced its target from $1,450.00 to $1,300.00 with a buy rating, and Wells Fargo & Company dropped its target from $1,450.00 to $1,210.00 with an equal weight rating. Stifel Nicolaus downgraded the stock from buy to hold and lowered its target from $1,525.00 to $1,405.00.
Transdigm Group reported strong quarterly earnings on Tuesday, November 10th, with earnings per share (EPS) of $12.44, exceeding estimates by $0.23. Revenue for the quarter was $2.99 billion, surpassing expectations of $2.95 billion. The company's revenue grew 22.6% year-over-year, and it set its FY 2027 guidance at 47.090-47.940 EPS. The stock has a 1-year low of $1,071.25 and a high of $1,463.03, with a market cap of $68.72 billion.
Insider activity includes Director W. Howley selling 10,132 shares at $1,236.28 each, and COO Joel Reiss selling 4,100 shares at $1,128.04 each. Institutional investors have also adjusted their stakes, with BlackRock Inc. purchasing a new position worth $6,489,039,000 and State Street Corp raising its position by 1.7%. Hedge funds and institutional investors own 95.78% of the company's stock.