Triumph Group Given Consensus Recommendation of “Hold” by Brokerages (NYSE:TGI)
Shares of Triumph Group (NYSE:TGI) have earned a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the stock, Analyst Ratings Net reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $78.92.
Triumph Group (NYSE:TGI) traded up 1.30% during mid-day trading on Wednesday, hitting $63.495. 489,915 shares of the company’s stock traded hands. Triumph Group has a 1-year low of $62.35 and a 1-year high of $85.50. The stock has a 50-day moving average of $71.04 and a 200-day moving average of $72.54. The company has a market cap of $3.303 billion and a price-to-earnings ratio of 14.41.
Triumph Group (NYSE:TGI) last released its earnings data on Wednesday, January 29th. The company reported $1.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.20 by $0.26. Analysts expect that Triumph Group will post $4.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Saturday, March 15th. Investors of record on Friday, February 28th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Wednesday, February 26th.
A number of analysts have recently weighed in on TGI shares. Analysts at Zacks reiterated an “underperform” rating on shares of Triumph Group in a research note on Monday, February 17th. They now have a $59.00 price target on the stock. Separately, analysts at UBS AG cut their EPS estimates on shares of Triumph Group in a research note on Wednesday. They now have a “buy” rating and a $77.00 price target on the stock. They previously had a $85.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Canaccord Genuity initiated coverage on shares of Triumph Group in a research note on Wednesday, February 5th. They set a “neutral” rating and a $73.00 price target on the stock.
Triumph Group, Inc (NYSE:TGI) designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aerostructures, aircraft components, accessories, subassemblies and systems.