Triumph Group, Inc. (TGI) Rating Reiterated by Canaccord Genuity
Triumph Group, Inc. (NYSE:TGI)‘s stock had its “hold” rating reissued by analysts at Canaccord Genuity in a note issued to investors on Thursday. They presently have a $34.00 price target on the aerospace company’s stock. Canaccord Genuity’s target price suggests a potential downside of 0.58% from the company’s previous close.
Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada restated a “buy” rating and issued a $35.00 price target on shares of Triumph Group in a report on Friday, May 19th. Jefferies Group LLC set a $29.00 price target on shares of Triumph Group and gave the stock a “buy” rating in a report on Saturday, May 6th. ValuEngine upgraded shares of Triumph Group from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Finally, Vertical Research upgraded shares of Triumph Group from a “sell” rating to a “hold” rating and upped their price target for the stock from $24.00 to $31.00 in a report on Wednesday, May 24th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Triumph Group has a consensus rating of “Hold” and an average target price of $32.50.
Shares of Triumph Group (TGI) traded up 0.29% during trading on Thursday, hitting $34.20. 513,220 shares of the stock were exchanged. Triumph Group has a 52-week low of $19.65 and a 52-week high of $39.92. The stock’s market cap is $1.70 billion. The firm has a 50 day moving average of $32.20 and a 200-day moving average of $27.56.
Triumph Group (NYSE:TGI) last released its quarterly earnings results on Wednesday, May 24th. The aerospace company reported $3.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $1.69. The company had revenue of $919.90 million for the quarter, compared to the consensus estimate of $923.93 million. Triumph Group had a negative net margin of 1.22% and a positive return on equity of 32.58%. Triumph Group’s revenue was down 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.32 earnings per share. Equities research analysts anticipate that Triumph Group will post $3.74 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank raised its stake in Triumph Group by 5.6% in the fourth quarter. Comerica Bank now owns 37,211 shares of the aerospace company’s stock valued at $1,003,000 after buying an additional 1,965 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Triumph Group during the fourth quarter valued at approximately $864,000. Thrivent Financial for Lutherans raised its stake in Triumph Group by 9.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,510 shares of the aerospace company’s stock valued at $226,000 after buying an additional 750 shares during the last quarter. Norges Bank purchased a new stake in Triumph Group during the fourth quarter valued at approximately $13,720,000. Finally, Teachers Advisors LLC raised its stake in Triumph Group by 1.6% in the fourth quarter. Teachers Advisors LLC now owns 1,563,546 shares of the aerospace company’s stock valued at $41,434,000 after buying an additional 24,286 shares during the last quarter.
About Triumph Group
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