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.
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
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