TransDigm Group (TDG) set new highs Tuesday after the company released upside guidance for Q1 revenue. TransDigm Group estimates revenue of $993 million, beating expectations of $952 million by a wide margin. The company expects a net income of $196 million in the upcoming quarter and has also proposed private offerings through the company's subsidiarity of senior subordinated notes and senior secured notes.
TransDigm stock has risen 7.07% while the S&P 500 is lower by -0.13% as of 3:53 PM on Tuesday, Jan 29. TDG stock is up $24.79 from the previous closing price of $350.77 on volume of 580,779 shares. Over the past year the S&P 500 is lower by -7.47% while TransDigm stock is up 18.37%. TDG stock earned $13.65 a share in the most-recent quarter, giving it a price-to-earnings ratio of 27.51.
Meanwhile, the major indices are mixed. The Dow Jones Industrial Average has risen 0.17% to 24,569.55. The S&P 500 is lower by -0.13% to 2,640.43. The NASDAQ has fallen -0.79% to 7,029.39.
Stock Score Report, InvestorsObserver’s proprietary scoring system gives TDG stock a score of 79 out of a possible 100. That score is based on three component scores. A fundamental score of 54, a long-term technical score of 90 and a short-term technical score of 92. TDG scores highly in both short- and long-term technicals, signaling strength in the stock. TransDigm has an analyst average recommendation of Moderate Buy, with a median target price of $393.20.
