Triumph Group Given Average Recommendation of “Hold” by Brokerages (NYSE:TGI)
Shares of Triumph Group (NYSE:TGI) have received an average rating of “Hold” from the thirteen analysts that are presently covering the stock, Stock Ratings News reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $78.18.
A number of research firms have recently commented on TGI. Analysts at RBC Capital downgraded shares of Triumph Group from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, July 1st. They now have a $67.00 price target on the stock, down previously from $73.00. Separately, 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. Finally, 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.
Triumph Group (NYSE:TGI) opened at 65.88 on Wednesday. Triumph Group has a one year low of $61.41 and a one year high of $85.50. The stock’s 50-day moving average is $69.12 and its 200-day moving average is $67.8. The company has a market cap of $3.439 billion and a price-to-earnings ratio of 16.67.
Triumph Group (NYSE:TGI) last announced its 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 $5.84 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.
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.