Auriga Reiterates a 'Buy' on TransDigm (TDG); Investors Missing Value in AmSafe Acquisition
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Price: $1,256.58 +1.20%
Rating Summary:
20 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
20 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Auriga reiterates a 'Buy' on TransDigm (NYSE: TDG) price target raised from $130 to $135.
Auriga analyst said, "We are increasing our price target on shares of TDG to which reflects continued strength in traffic and capacity trends, coupled with the inclusion of the AmSafe acquisition which we expect to be accretive in 2012. Moreover, we view the acquisition favorably as it further broadens TransDigm's product breadth, and positions the company as the top producer of aircraft seatbelts and restraints. Our revised price target reflects an 18.5x multiple of our FY13 estimate of $7.30."
For an analyst ratings summary and ratings history on TransDigm click here. For more ratings news on TransDigm click here.
Shares of TransDigm closed at $114.96 yesterday.
Auriga analyst said, "We are increasing our price target on shares of TDG to which reflects continued strength in traffic and capacity trends, coupled with the inclusion of the AmSafe acquisition which we expect to be accretive in 2012. Moreover, we view the acquisition favorably as it further broadens TransDigm's product breadth, and positions the company as the top producer of aircraft seatbelts and restraints. Our revised price target reflects an 18.5x multiple of our FY13 estimate of $7.30."
For an analyst ratings summary and ratings history on TransDigm click here. For more ratings news on TransDigm click here.
Shares of TransDigm closed at $114.96 yesterday.
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