Royal Bank Of Canada Analysts Give Triumph Group, Inc. (TGI) a $39.00 Price Target
Royal Bank Of Canada set a $39.00 price target on Triumph Group, Inc. (NYSE:TGI) in a research note released on Wednesday morning. The firm currently has a buy rating on the aerospace company’s stock.
TGI has been the topic of several other reports. Jefferies Group LLC lowered shares of Triumph Group from a buy rating to a hold rating and set a $37.00 price target on the stock. in a research report on Monday, July 24th. ValuEngine upgraded shares of Triumph Group from a buy rating to a strong-buy rating in a research report on Friday, September 1st. TheStreet upgraded shares of Triumph Group from a d+ rating to a c- rating in a research report on Wednesday, July 26th. Credit Suisse Group decreased their price target on shares of Triumph Group from $40.00 to $37.00 and set an outperform rating on the stock in a research report on Monday, August 21st. Finally, SunTrust Banks, Inc. raised their price target on shares of Triumph Group to $34.00 and gave the stock a hold rating in a research report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and an average target price of $33.11.
Shares of Triumph Group (NYSE:TGI) opened at $30.05 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 1.87 and a debt-to-equity ratio of 1.65. The stock has a market cap of $1,490.00, a price-to-earnings ratio of 6.16, a price-to-earnings-growth ratio of 0.73 and a beta of 1.76. 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, 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 company had revenue of $745.16 million for the quarter, compared to analyst estimates of $787.90 million. Triumph Group had a negative net margin of 3.18% and a positive return on equity of 27.18%. The business’s quarterly revenue was down 14.8% on a year-over-year basis. During the same period last year, the business posted $1.00 EPS. sell-side analysts predict that Triumph Group will post 2.48 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, November 30th. Triumph Group’s payout ratio is -7.51%.
A number of hedge funds have recently made changes to their positions in the stock. Dean Investment Associates LLC bought a new position in Triumph Group during the 3rd quarter valued at about $3,282,000. Walthausen & Co. LLC bought a new position in Triumph Group during the 3rd quarter valued at about $20,635,000. Maple Rock Capital Partners Inc. lifted its holdings in Triumph Group by 3.2% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 800,000 shares of the aerospace company’s stock valued at $23,800,000 after purchasing an additional 25,000 shares during the last quarter. Vident Investment Advisory LLC bought a new position in Triumph Group during the 3rd quarter valued at about $2,792,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in Triumph Group during the 3rd quarter valued at about $2,010,000. 99.75% of the stock is owned by hedge funds and other institutional investors.
About Triumph Group
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