Triumph Group, Inc. (NYSE:TGI) had its price objective reduced by equities research analysts at Credit Suisse Group from $40.00 to $37.00 in a note issued to investors on Monday. The brokerage currently has an “outperform” rating on the aerospace company’s stock. Credit Suisse Group’s price objective indicates a potential upside of 46.25% from the stock’s previous close.
TGI has been the topic of a number of other research reports. Robert W. Baird upgraded Triumph Group from an “underperform” rating to an “outperform” rating and raised their target price for the stock from $25.00 to $30.00 in a report on Tuesday, May 16th. Royal Bank Of Canada restated a “buy” rating and set a $35.00 target price on shares of Triumph Group in a report on Friday, May 19th. Jefferies Group LLC cut Triumph Group from a “buy” rating to a “hold” rating and set a $37.00 target price on the stock. in a report on Monday, July 24th. Vertical Research upgraded Triumph Group from a “sell” rating to a “hold” rating and raised their target price for the stock from $24.00 to $31.00 in a report on Wednesday, May 24th. Finally, TheStreet upgraded Triumph Group from a “d+” rating to a “c-” rating in a report on Wednesday, July 26th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $30.25.
Shares of Triumph Group (NYSE TGI) traded down 1.38% during mid-day trading on Monday, hitting $24.95. 55,827 shares of the company were exchanged. The stock’s market cap is $1.24 billion. The stock’s 50-day moving average price is $29.84 and its 200 day moving average price is $27.82. Triumph Group has a 12-month low of $19.65 and a 12-month high of $34.80.
Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by $0.63. Triumph Group had a negative net margin of 1.89% and a positive return on equity of 28.96%. The firm had revenue of $781.70 million during the quarter, compared to the consensus estimate of $804.26 million. During the same quarter in the prior year, the business earned $1.04 EPS. Triumph Group’s revenue was down 12.5% on a year-over-year basis. On average, equities analysts anticipate that Triumph Group will post $1.83 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in TGI. Riverhead Capital Management LLC raised its stake in shares of Triumph Group by 56.8% in the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock worth $119,000 after buying an additional 1,363 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Triumph Group during the second quarter worth about $149,000. Bank of Montreal Can raised its stake in shares of Triumph Group by 8.0% in the first quarter. Bank of Montreal Can now owns 5,252 shares of the aerospace company’s stock worth $135,000 after buying an additional 391 shares in the last quarter. Sei Investments Co. raised its stake in shares of Triumph Group by 51.6% in the second quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock worth $167,000 after buying an additional 1,796 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Triumph Group during the second quarter worth about $171,000. 99.84% of the stock is currently owned by institutional investors and hedge funds.
Triumph Group Company Profile
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