TransDigm Group (TDG) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
TransDigm Group Incorporated (TDG) is a leading designer, producer, and supplier of critical aircraft components based in Cleveland, Ohio. Established in 1993, TransDigm operates within the Aerospace & Defense sector, focusing on high-tech products for both military and commercial applications. The company’s product offerings include mechanical actuators, ignition systems, and safety restraints, categorized under three main segments: Power & Control, Airframe, and Non-Aviation. With a commitment to innovation and quality, TransDigm serves a diverse clientele spanning aerospace, military, and ground transportation.
Financial Performance and Analyst Outlook
The Aerospace & Defense sector continues to be a promising investment arena, and TransDigm exemplifies this potential with robust financials. The company reported total revenue of approximately $7.61 billion, indicating significant demand for its products. Analysts have issued a strong “buy” recommendation, with a target high price set at $1,648, reflecting substantial upside potential. Current trading shows the stock at $1,408.03, near its fifty-two week high of $1,419.99. The mean target price stands at $1,444.13, suggesting moderate growth in the near future. Moreover, with only 0.0178 percent of the float shorted, investor sentiment remains predominantly optimistic regarding the company’s ongoing success and prospects.
Market Sentiment and Trading Metrics
TransDigm Group has a total of 56,111,400 shares outstanding, and recent trading activity shows limited short-selling, indicating confidence in the stock’s performance. The asset’s current price sits well above its fifty-day moving average of $1,291.33, demonstrating robust bullish momentum in recent sessions. The price target analysis offers insight into the company’s future, with a median price forecast of $1,471.00 based on 20 analyst opinions, underscoring the consensus for continued growth. Despite fluctuations over the past year, with a low of $802.46, the overall market sentiment remains favorable, making TransDigm a notable contender for investors looking to capitalize on the vibrancy of the Aerospace & Defense industry.
| Metric | Value |
|---|---|
| Market Cap | $79.0b |
| Total Debt | $21.9b |
| Total Cash | $3.4b |
| Shares Outstanding | 56.1m |
| Float Shares | 55.8m |
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