Triumph Group, Inc. (TGI) Stock Rating Reaffirmed by Robert W. Baird
Triumph Group, Inc. (NYSE:TGI)‘s stock had its “buy” rating restated by stock analysts at Robert W. Baird in a research report issued on Friday. They presently have a $34.00 target price on the aerospace company’s stock. Robert W. Baird’s price target points to a potential upside of 31.02% from the company’s previous close.
Other equities research analysts also recently issued research reports about the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Triumph Group in a report on Friday, May 19th. ValuEngine raised shares of Triumph Group from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $37.00 price objective (up from $29.00) on shares of Triumph Group in a research note on Tuesday, May 30th. TheStreet raised shares of Triumph Group from a “d+” rating to a “c-” rating in a research note on Wednesday, July 26th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $34.00 price objective on shares of Triumph Group in a research note on Thursday, July 20th. Five analysts have rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $30.33.
Shares of Triumph Group (NYSE:TGI) opened at 25.95 on Friday. Triumph Group has a 52 week low of $19.65 and a 52 week high of $34.80. The firm’s market cap is $1.29 billion. The company’s 50-day moving average is $27.09 and its 200-day moving average is $27.64.
Triumph Group (NYSE:TGI) last released its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.87 by $0.63. The firm had revenue of $781.70 million for the quarter, compared to the consensus estimate of $804.26 million. Triumph Group had a positive return on equity of 28.96% and a negative net margin of 1.89%. The firm’s revenue was down 12.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 EPS. Analysts forecast that Triumph Group will post $1.70 EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in TGI. Riverhead Capital Management LLC increased its holdings in 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 during the last quarter. Bank of Montreal Can increased its holdings in 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 during the last quarter. State of Alaska Department of Revenue acquired a new position in Triumph Group in the first quarter worth approximately $140,000. Thompson Siegel & Walmsley LLC acquired a new position in Triumph Group in the second quarter worth approximately $149,000. Finally, FNY Managed Accounts LLC acquired a new position in Triumph Group in the first quarter worth approximately $154,000. Hedge funds and other institutional investors own 99.75% of the company’s stock.
Triumph Group Company Profile
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