TransDigm Finishes 2017 on an Optimistic Note
Coming into 2017, TransDigm Group (NYSE: TDG) had been somewhat uncertain about whether it would be able to sustain growth in light of new challenges affecting parts of its business. Despite ups and downs, the aircraft components and systems specialist has done a good job in taking advantage of favorable conditions in the aerospace industry broadly, and TransDigm has sought ways to expand its potential and find new growth opportunities.
Coming into Thursday's fiscal fourth-quarter financial report, TransDigm investors were confident that the company would be able to sustain positive momentum from past quarters to produce gains in earnings and revenue. Some of those gains weren't quite as large as investors had hoped, but TransDigm has high hopes for fiscal 2018. Let's look more closely at TransDigm Group to see what's ahead for the aerospace supplier.
Image source: TransDigm Group.
Source: Fool.com
Transdigm Group Stock
With 23 Buy predictions and not a single Sell prediction Transdigm Group is an absolute favorite of our community.
As a result the target price of 1253 € shows a slightly positive potential of 2.2% compared to the current price of 1226.0 € for Transdigm Group.
