Triumph Group Stock Rating Lowered by Bank of America (TGI)
Triumph Group (NYSE:TGI) was downgraded by Bank of America from a “neutral” rating to an “underperform” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $73.00 price objective on the stock. Bank of America’s price objective points to a potential upside of 2.47% from the stock’s previous close. The analysts noted that the move was a valuation call.
A number of other analysts have also recently weighed in on TGI. Analysts at Topeka Capital Markets upgraded shares of Triumph Group from a “hold” rating to a “buy” rating in a research note on Thursday, June 12th. They now have a $87.00 price target on the stock, up previously from $74.00. Separately, analysts at Credit Suisse upgraded shares of Triumph Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 12th. They now have a $88.00 price target on the stock, up previously from $71.00. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Triumph Group from $89.00 to $80.00 in a research note on Friday, May 9th. They now have an “overweight” rating on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $77.18.
Shares of Triumph Group (NYSE:TGI) traded down 0.20% on Tuesday, hitting $71.10. The stock had a trading volume of 297,040 shares. Triumph Group has a 1-year low of $61.41 and a 1-year high of $85.50. The stock has a 50-day moving average of $68.08 and a 200-day moving average of $68.75. The company has a market cap of $3.711 billion and a price-to-earnings ratio of 18.22.
Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.08. The company had revenue of $936.40 million for the quarter, compared to the consensus estimate of $978.43 million. Analysts expect that Triumph Group will post $5.83 EPS for the current fiscal year.
Triumph Group, Inc (NYSE:TGI) designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aerostructures, aircraft components, accessories, subassemblies and systems.
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