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TransDigm Group Incorporated (NYSE:TDG) stock price target reduced to $279.71, issued a research note today by Jefferies Group

In a report released on 9/22/2016 Jefferies Group reduced the stock price target of TransDigm Group Incorporated (NYSE:TDG) from $340.00 to $279.71 indicating a possible downside of -0.01%.

Previously on 8/10/2016, Deutsche Bank reported on TransDigm Group Incorporated (NYSE:TDG) increased the target price from $260.00 to $300.00. At the time, this indicated a possible upside of 0.05%.

Yesterday TransDigm Group Incorporated (NYSE:TDG) traded 1.07% higher at $282.69. The company’s 50-day moving average is $284.58 and its 200-day moving average is $255.75. The last closing price is up 10.53% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 323,116 shares of the stock traded hands, down from an average trading volume of 368,834

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TransDigm Group Incorporated (NYSE:TDG)

TransDigm Group Incorporated has a 52 week low of $180.76 and a 52 week high of $294.38 with a P/E ratio of 29.90 The company’s market cap is currently $0.

In addition to Jefferies Group reporting its stock price target, a total of 13 brokers have issued a research note on the company. The average stock price target is $276.46 with 3 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About TransDigm Group Incorporated (NYSE:TDG)

TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its 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. Its Airframe segment includes operations that primarily develop, produce and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. Its Non-aviation segment includes operations that primarily develop, produce and market products for non-aviation markets. Its product offerings include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, and power conditioning devices.

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