Share on StockTwits

Triumph Group (NYSE:TGI) was downgraded by investment analysts at RBC Capital from a “sector perform” rating to an “underperform” rating in a note issued to investors on Tuesday.

Several other analysts have also recently commented on the stock. Analysts at Bank of America downgraded shares of Triumph Group from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 17th. They now have a $73.00 price target on the stock. They noted that the move was a valuation call. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Triumph Group has a consensus rating of “Hold” and an average price target of $79.30.

Triumph Group (NYSE:TGI) opened at 69.82 on Tuesday. 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 $69.5 and a 200-day moving average of $68.57. The company has a market cap of $3.645 billion and a P/E ratio of 17.68.

Triumph Group (NYSE:TGI) last announced its earnings results on Wednesday, May 7th. The company reported $1.39 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Triumph Group will post $5.83 earnings per share 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.