Triumph Group Receives Average Recommendation of “Hold” from Brokerages (NYSE:TGI)
Shares of Triumph Group (NYSE:TGI) have received an average recommendation of “Hold” from the thirteen brokerages that are presently covering the company, AnalystRatingsNetwork reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $77.90.
Shares of Triumph Group (NYSE:TGI) opened at 69.78 on Tuesday. Triumph Group has a one year low of $61.41 and a one year high of $79.90. The stock has a 50-day moving average of $65.86 and a 200-day moving average of $66.20. The company has a market cap of $3.607 billion and a price-to-earnings ratio of 14.38.
Triumph Group (NYSE:TGI) last released its earnings data on Wednesday, July 30th. The company reported $1.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.21 by $0.02. The company had revenue of $896.91 million for the quarter, compared to the consensus estimate of $916.30 million. During the same quarter last year, the company posted $1.54 earnings per share. Triumph Group’s revenue was down 5.0% compared to the same quarter last year. Analysts expect that Triumph Group will post $5.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Wednesday, August 27th.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Triumph Group in a research note on Thursday, August 14th. They now have a $69.00 price target on the stock. Separately, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Triumph Group in a research note on Tuesday, August 5th. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Triumph Group in a research note on Friday, August 1st. They now have a $85.00 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.
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