Ferrari N.V. (RACE) Reaches $144.87 After 8.00% Up Move; TransDigm Group (TDG) Had 11 Bulls

June 13, 2018 - By Clifton Ray

TransDigm Group Incorporated (NYSE:TDG) Logo

Among 20 analysts covering Transdigm Group Incorporated (NYSE:TDG), 11 have Buy rating, 1 Sell and 8 Hold. Therefore 55% are positive. Transdigm Group Incorporated had 83 analyst reports since August 4, 2015 according to SRatingsIntel. On Wednesday, September 20 the stock rating was downgraded by Jefferies to “Hold”. The firm has “Buy” rating given on Tuesday, June 6 by Jefferies. The firm has “Buy” rating given on Wednesday, August 9 by Canaccord Genuity. Cowen & Co downgraded TransDigm Group Incorporated (NYSE:TDG) on Thursday, March 23 to “Market Perform” rating. The rating was maintained by Jefferies on Monday, October 23 with “Hold”. The stock of TransDigm Group Incorporated (NYSE:TDG) earned “Buy” rating by RBC Capital Markets on Wednesday, June 21. Jefferies initiated TransDigm Group Incorporated (NYSE:TDG) rating on Thursday, September 22. Jefferies has “Buy” rating and $340 target. The stock has “Buy” rating by Jefferies on Tuesday, September 5. The firm earned “Hold” rating on Monday, April 16 by Credit Suisse. Barclays Capital maintained it with “Overweight” rating and $310 target in Wednesday, August 10 report. See TransDigm Group Incorporated (NYSE:TDG) latest ratings:

01/05/2018 Broker: Credit Suisse Rating: Buy New Target: $350.0000 Upgrade
30/04/2018 Broker: Canaccord Genuity Old Rating: Buy New Rating: Buy Old Target: $330 New Target: $350 Maintain
16/04/2018 Broker: Credit Suisse Rating: Hold New Target: $337.0000 Downgrade
12/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $306 New Target: $321 Maintain
06/04/2018 Broker: RBC Capital Markets Rating: Buy New Target: $356.0000 Maintain
29/03/2018 Broker: Barclays Capital Rating: Overweight New Target: $382 Initiates Coverage On
22/02/2018 Broker: Stephens Rating: Hold Upgrade
23/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $290 New Target: $306 Maintain
09/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $265 New Target: $290 Maintain
07/02/2018 Broker: Jefferies Rating: Hold New Target: $323.0 Maintain

The stock of Ferrari N.V. (NYSE:RACE) is a huge mover today! The stock increased 3.01% or $4.23 during the last trading session, reaching $144.87. About 202,882 shares traded. Ferrari N.V. (NYSE:RACE) has risen 53.08% since June 13, 2017 and is uptrending. It has outperformed by 40.51% the S&P500. Some Historical RACE News: ; 13/04/2018 – FERRARI TO REVIEW F1 OWNER PROPOSAL, SEEKING SOLUTION: CEO; 14/04/2018 – Motor racing-Ferrari stun rivals with qualifying speed; 13/04/2018 – MARCHIONNE SAYS FERRARI WILL REVIEW FORMULA 1 NEW RULE PROPOSALS, IS LOOKING FOR SOLUTIONS; 14/04/2018 – Motor racing-Hamilton questions whether Mercedes can challenge Ferrari; 14/04/2018 – AMD is Proud to Present a Multi-Year Partnership with Scuderia Ferrari; 18/05/2018 – FERRARI: Ferrari to annunce a new CFO; 03/05/2018 – Motor racing-Ferrari’s Marchionne ‘encouraged’ by F1 engine proposals; 04/04/2018 – Motor racing-Formula One teams, minus Ferrari, commit to esports series; 06/03/2018 – ST MIcro: CEO Bozotti Passes the Keys to the Ferrari — Barron’s Blog; 06/03/2018 – MARCHIONNE: FERRARI IN TALKS TO FINALIZE PATENT BOX BENEFITThe move comes after 9 months positive chart setup for the $27.37B company. It was reported on Jun, 13 by Barchart.com. We have $156.46 PT which if reached, will make NYSE:RACE worth $2.19 billion more.

Investors sentiment increased to 1.09 in Q1 2018. Its up 0.09, from 1 in 2017Q4. It increased, as 21 investors sold TransDigm Group Incorporated shares while 131 reduced holdings. 51 funds opened positions while 115 raised stakes. 54.59 million shares or 2.44% less from 55.96 million shares in 2017Q4 were reported. Rice Hall James & Associates Ltd Limited Liability Company stated it has 0.26% of its portfolio in TransDigm Group Incorporated (NYSE:TDG). Nomura Asset Mgmt Communications Limited owns 7,468 shares or 0.03% of their US portfolio. Bessemer Grp invested in 0% or 2,324 shares. 1,046 were accumulated by Ameritas Investment Partners Inc. Panagora Asset Mngmt invested 0% of its portfolio in TransDigm Group Incorporated (NYSE:TDG). Spo Advisory has 894,700 shares for 5.66% of their portfolio. Utah Retirement invested in 8,954 shares or 0.06% of the stock. 130 were accumulated by Tci Wealth Advisors Incorporated. Moreover, Sequoia Advisors Ltd Com has 0.06% invested in TransDigm Group Incorporated (NYSE:TDG) for 1,769 shares. Raymond James Na accumulated 1,471 shares. Raymond James And Associate reported 0% in TransDigm Group Incorporated (NYSE:TDG). Lone Pine Capital Limited Liability holds 2.19% or 1.41M shares. Amalgamated Bancorp reported 7,084 shares or 0.06% of all its holdings. Fjarde Ap holds 0.07% of its portfolio in TransDigm Group Incorporated (NYSE:TDG) for 15,515 shares. 900 are held by Conning.

Another recent and important TransDigm Group Incorporated (NYSE:TDG) news was published by Prnewswire.com which published an article titled: “TransDigm to Host Analyst Day in New York City” on May 30, 2018.

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company has market cap of $18.03 billion. The companyÂ’s Power & Control segment provides mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems. It has a 26.59 P/E ratio. This segment serves engine and power system and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies, and repair depots.

The stock increased 0.24% or $0.84 during the last trading session, reaching $343.85. About 39,383 shares traded. TransDigm Group Incorporated (NYSE:TDG) has risen 35.93% since June 13, 2017 and is uptrending. It has outperformed by 23.36% the S&P500. Some Historical TDG News: ; 15/03/2018 – ESTERLINE TECHNOLOGIES CORP – DEAL FOR PURCHASE PRICE OF $50 MLN IN CASH; 01/05/2018 – TRANSDIGM PROPOSED PRIVATE OFFERING OF $500M SR SUB NOTES; 01/05/2018 – TransDigm Sees FY18 Adj EPS $17.35-Adj EPS $17.99; 01/05/2018 – Moody’s Assigns Ba2 Rating To Transdigm’s Senior Secured Term Loan E And B3 Rating To Senior Subordinated Notes; B1 Cfr Unchanged; 15/03/2018 – ESTERLINE TECHNOLOGIES CORP – TRANSDIGM HAS COMPLETED ACQUISITION OF KIRKHILL ELASTOMERS BUSINESS FROM ESTERLINE; 30/04/2018 – TransDigm Announces Kevin Stein As President And CEO And W. Nicholas Howley As Executive Chairman, Appointment Of New Board Members; 01/05/2018 – TRANSDIGM GROUP REPORTS POTENTIAL FINANCING TRANSACTIONS; 23/04/2018 – TransDigm Second Quarter Earnings Report and Conference Call Set for Tuesday, May 1, 2018; 30/04/2018 – TransDigm Appoints Mr. Stein and Michele Santana to Its Bd of Directors; 19/03/2018 – TRANSDIGM GROUP INC – EXTANT COMPONENTS GROUP IS A PORTFOLIO COMPANY OF WARBURG PINCUS LLC

Since January 16, 2018, it had 1 buy, and 17 insider sales for $46.98 million activity. Another trade for 5,000 shares valued at $1.50 million was made by Jones Roger on Tuesday, February 20. Peacock Douglas W sold $4.75 million worth of TransDigm Group Incorporated (NYSE:TDG) on Friday, February 16. Laubenthal Raymond F also sold $3.48 million worth of TransDigm Group Incorporated (NYSE:TDG) shares. Stein Kevin M also bought $399,774 worth of TransDigm Group Incorporated (NYSE:TDG) on Thursday, February 22. Henderson Robert S also sold $5.00M worth of TransDigm Group Incorporated (NYSE:TDG) shares. 9,750 TransDigm Group Incorporated (NYSE:TDG) shares with value of $3.12M were sold by Valladares Jorge. $1.73 million worth of TransDigm Group Incorporated (NYSE:TDG) shares were sold by Reiss Joel.

More notable recent Ferrari N.V. (NYSE:RACE) news were published by: Livetradingnews.com which released: “Ferrari (NYSE:RACE) World Record Priced 250GTO’s New Owner” on June 12, 2018, also Livetradingnews.com with their article: “F1: Ferrari (NYSE:RACE) Back in the Championship Lead” published on June 11, 2018, Livetradingnews.com published: “F1: Ferrari’s (NYSE:RACE) Sebastian Takes the Chequered Flag at Canada” on June 10, 2018. More interesting news about Ferrari N.V. (NYSE:RACE) were released by: Livetradingnews.com and their article: “Ferrari(NYSE:RACE) Factory Team to Suzuka 10 Hours Race” published on June 08, 2018 as well as Livetradingnews.com‘s news article titled: “Ferrari (NYSE:RACE) Presents the ‘Ferrari Art Edition'” with publication date: June 07, 2018.

Among 11 analysts covering Ferrari (NYSE:RACE), 6 have Buy rating, 2 Sell and 3 Hold. Therefore 55% are positive. Ferrari had 19 analyst reports since November 16, 2015 according to SRatingsIntel. UBS maintained Ferrari N.V. (NYSE:RACE) on Tuesday, February 7 with “Buy” rating. The firm has “Buy” rating given on Wednesday, October 12 by UBS. On Thursday, October 13 the stock rating was initiated by Societe Generale with “Sell”. Citigroup upgraded Ferrari N.V. (NYSE:RACE) on Thursday, March 23 to “Buy” rating. The firm earned “Overweight” rating on Friday, March 24 by Morgan Stanley. The stock has “Underperform” rating by BNP Paribas on Monday, November 16. UBS initiated the shares of RACE in report on Monday, November 16 with “Buy” rating. The rating was initiated by Berenberg with “Buy” on Tuesday, November 22. The stock of Ferrari N.V. (NYSE:RACE) has “Buy” rating given on Monday, November 16 by Bank of America. The firm has “In-Line” rating given on Friday, September 1 by Evercore.

Analysts await Ferrari N.V. (NYSE:RACE) to report earnings on August, 1. They expect $0.88 earnings per share, up 11.39% or $0.09 from last year’s $0.79 per share. RACE’s profit will be $166.28M for 41.16 P/E if the $0.88 EPS becomes a reality. After $0.96 actual earnings per share reported by Ferrari N.V. for the previous quarter, Wall Street now forecasts -8.33% negative EPS growth.

Ferrari N.V., through with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company has market cap of $27.37 billion. The firm offers seven models, including four sports cars that include 488 GTB, 488 Spider, F12berlinetta, and special series F12tfd; and three GT cars, which comprise California T, GTC4Lusso, and GTC4Lusso T. It has a 41.77 P/E ratio. It also provides LaFerrari Aperta, a limited edition supercar; Fuoriserie, a very limited editions series; one-off cars; F60 America, a V12 open air roadster; and Ferrari J50, a two-seater mid-rear-engined roadster.

TransDigm Group Incorporated (NYSE:TDG) Institutional Positions Chart

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