Triumph Group, Inc. (TGI) Given Hold Rating at Canaccord Genuity

Triumph Group, Inc. (NYSE:TGI)‘s stock had its “hold” rating reiterated by research analysts at Canaccord Genuity in a research report issued to clients and investors on Thursday. They presently have a $36.00 target price on the aerospace company’s stock. Canaccord Genuity’s price objective indicates a potential upside of 12.85% from the company’s previous close.

Several other research analysts have also recently issued reports on TGI. Jefferies Group LLC cut shares of Triumph Group from a “buy” rating to a “hold” rating and set a $37.00 price target for the company. in a report on Monday, July 24th. Cowen and Company reissued a “market perform” rating and set a $24.00 price target (down from $32.00) on shares of Triumph Group in a report on Thursday, July 27th. TheStreet raised shares of Triumph Group from a “d+” rating to a “c-” rating in a report on Wednesday, July 26th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $33.00 target price on shares of Triumph Group in a report on Friday, July 28th. Finally, ValuEngine cut shares of Triumph Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $33.00.

Shares of Triumph Group (NYSE:TGI) traded down $2.35 during trading hours on Thursday, hitting $31.90. 453,046 shares of the stock were exchanged, compared to its average volume of 377,027. Triumph Group has a 1-year low of $19.65 and a 1-year high of $34.80. The company has a quick ratio of 0.36, a current ratio of 1.43 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $1,575.53, a PE ratio of 5.95, a price-to-earnings-growth ratio of 0.78 and a beta of 1.76.

Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.20. The firm had revenue of $745.16 million during the quarter, compared to analysts’ expectations of $787.90 million. Triumph Group had a negative net margin of 1.89% and a positive return on equity of 28.96%. The firm’s revenue for the quarter was down 14.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.00 earnings per share. equities research analysts forecast that Triumph Group will post 2.45 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in TGI. BlackRock Inc. boosted its position in Triumph Group by 13,862.7% during the first quarter. BlackRock Inc. now owns 7,517,512 shares of the aerospace company’s stock worth $193,578,000 after acquiring an additional 7,463,672 shares during the last quarter. Vanguard Group Inc. boosted its position in Triumph Group by 20.1% during the first quarter. Vanguard Group Inc. now owns 5,258,989 shares of the aerospace company’s stock worth $135,419,000 after acquiring an additional 880,074 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Triumph Group by 43.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,573,763 shares of the aerospace company’s stock worth $81,330,000 after acquiring an additional 774,964 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Triumph Group during the second quarter worth approximately $12,232,000. Finally, Schwab Charles Investment Management Inc. boosted its position in Triumph Group by 118.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 570,890 shares of the aerospace company’s stock worth $18,041,000 after acquiring an additional 309,588 shares during the last quarter. Institutional investors and hedge funds own 99.75% of the company’s stock.

Triumph Group Company Profile

Analyst Recommendations for Triumph Group (NYSE:TGI)

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