At the time of writing, TransDigm Group Incorporated [TDG] stock is trading at $639.04, up 1.54%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TDG shares have gain 4.32% over the last week, with a monthly amount glided 15.13%, and seem to be holding up well over a long-time horizon.
On 10, November 2022, TransDigm Group Reports Fiscal 2022 Fourth Quarter And Year-End Results. In a post published today on Yahoo Finance, TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, today reported results for the fourth quarter ended September 30, 2022.
From an analyst’s perspective:
TransDigm Group Incorporated [NYSE: TDG] stock has seen the most recent analyst activity on October 12, 2022, when Credit Suisse initiated its Outperform rating and assigned the stock a price target of $661. Previously, Wolfe Research started tracking the stock with Outperform rating on October 11, 2022, and set its price target to $650. Truist upgraded its rating to a Buy and increased its price target to $786 on January 07, 2022. BofA Securities upgraded its rating to a Buy and raised its price target to $790 on November 23, 2021. RBC Capital Mkts started tracking with a Outperform rating for this stock on October 22, 2021, and assigned it a price target of $700.
For the past year, the stock price of TransDigm Group Incorporated fluctuated between $486.25 and $665.78. Currently, Wall Street analysts expect the stock to reach $728.71 within the next 12 months. TransDigm Group Incorporated [NYSE: TDG] shares were valued at $639.04 at the most recent close of the market. An investor can expect a potential return of 14.03% based on the average TDG price forecast.
Analyzing the TDG fundamentals
According to TransDigm Group Incorporated [NYSE:TDG], the company’s sales were 1.51 billion in the recent quarter, which represents an 18.10% jump. Gross Margin for this corporation currently stands at +53.98% with Operating Margin at +40.43%, Pretax Margin comes in at +20.73%, and Net Margin reading is +14.33%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 628.63 points at the first support level, and at 618.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 646.32, and for the 2nd resistance point, it is at 653.61.
TransDigm Group Incorporated [TDG] reported earnings per share of $4.85 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $4.39/share, meaning a difference of $0.46 and a surprise factor of 10.50%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $3.86 per share as compared to estimates of $3.69 per share, a difference of $0.17 representing a surprise of 4.60%.
Ratios To Look Out For
It is important to note that TransDigm Group Incorporated [NYSE:TDG] has a current ratio of 4.00. As well, the Quick Ratio is 3.03, while the Cash Ratio is 2.10. Considering the valuation of this stock, the price to sales ratio is 5.62 and the P/E (TTM) ratio is 47.96.
Transactions by insiders
Insider trading has also been a hot topic recently, with 11 insiders purchasing 27,100 shares and 26 selling 26,650 shares in the past 3 months. Recent insider trading involved Dunn Mervin, Director, that happened on Nov 16 when 4478.0 shares were sold. Director, Howley W Nicholas completed a deal on Nov 15 to sell 6500.0 shares. Meanwhile, Director Howley W Nicholas sold 11500.0 shares on Oct 17.