Triumph Group, Inc. (TGI) Given New $37.00 Price Target at Credit Suisse Group

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.

COPYRIGHT VIOLATION NOTICE: This piece of content was first posted by Transcript Daily and is owned by of Transcript Daily. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The correct version of this piece of content can be viewed at https://transcriptdaily.com/2017/08/21/triumph-group-inc-tgi-given-new-37-00-price-target-at-credit-suisse-group.html.

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

Analyst Recommendations for Triumph Group (NYSE:TGI)

Receive News & Ratings for Triumph Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply