Somewhat Favorable Press Coverage Somewhat Unlikely to Impact TransDigm Group (TDG) Stock Price
Media stories about TransDigm Group (NYSE:TDG) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TransDigm Group earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the aerospace company an impact score of 45.9388471846861 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- TransDigm Group (TDG) Stock Rating Reaffirmed by SunTrust Banks (americanbankingnews.com)
- TransDigm Group Incorporated (TDG) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- TransDigm Group Incorporated (TDG) EVP James Skulina Purchases 2,422 Shares (americanbankingnews.com)
- TransDigm Group Incorporated (TDG) EVP Roger Jones Sells 5,000 Shares (americanbankingnews.com)
- Insider Selling: TransDigm Group Incorporated (TDG) Director Sells 11,900 Shares of Stock (americanbankingnews.com)
Shares of TransDigm Group (TDG) traded up $5.07 during midday trading on Friday, hitting $299.17. 365,997 shares of the stock traded hands, compared to its average volume of 332,178. TransDigm Group has a 1-year low of $203.72 and a 1-year high of $299.66. The firm has a market capitalization of $15,281.35, a price-to-earnings ratio of 37.77, a price-to-earnings-growth ratio of 2.47 and a beta of 0.50. The company has a current ratio of 2.45, a quick ratio of 1.61 and a debt-to-equity ratio of -3.86.
TDG has been the topic of several analyst reports. SunTrust Banks restated a “buy” rating on shares of TransDigm Group in a research report on Friday. Jefferies Group restated a “hold” rating and set a $285.00 price target on shares of TransDigm Group in a research report on Monday, January 8th. Zacks Investment Research upgraded shares of TransDigm Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Cowen reiterated a “hold” rating and issued a $290.00 target price on shares of TransDigm Group in a research report on Thursday, October 19th. Finally, Canaccord Genuity dropped their target price on shares of TransDigm Group from $330.00 to $315.00 and set a “buy” rating on the stock in a research report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $297.17.
In other news, Director Michael Graff sold 1,872 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $278.92, for a total value of $522,138.24. Following the transaction, the director now directly owns 9,482 shares of the company’s stock, valued at $2,644,719.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP James Skulina purchased 2,422 shares of the firm’s stock in a transaction dated Friday, May 11th. The stock was acquired at an average cost of $245.52 per share, for a total transaction of $594,649.44. Following the completion of the purchase, the executive vice president now owns 4,000 shares of the company’s stock, valued at approximately $982,080. The disclosure for this purchase can be found here. Over the last three months, insiders sold 94,548 shares of company stock worth $25,894,245. Insiders own 10.52% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This report was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://theolympiareport.com/2018/01/20/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-transdigm-group-tdg-stock-price.html.
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.
Receive News & Ratings for TransDigm Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group and related companies with MarketBeat.com's FREE daily email newsletter.