Triumph Group, Inc. (NYSE:TGI)‘s stock had its “market perform” rating reiterated by equities researchers at Cowen and Company in a research report issued on Thursday. They currently have a $24.00 target price on the aerospace company’s stock, down from their previous target price of $32.00. Cowen and Company’s target price points to a potential downside of 3.81% from the company’s previous close.

TGI has been the topic of several other reports. Zacks Investment Research lowered Triumph Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. BidaskClub raised Triumph Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $35.00 target price on shares of Triumph Group in a research report on Tuesday, April 18th. ValuEngine lowered Triumph Group from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $37.00 target price (up from $29.00) on shares of Triumph Group in a research report on Tuesday, May 30th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $31.85.

Triumph Group (NYSE:TGI) traded down 8.61% during trading on Thursday, hitting $24.95. The stock had a trading volume of 2,382,159 shares. The company has a 50 day moving average of $32.06 and a 200-day moving average of $27.70. Triumph Group has a 12-month low of $19.65 and a 12-month high of $36.36. The company’s market cap is $1.24 billion.

Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.87 by $0.63. Triumph Group had a positive return on equity of 32.58% and a negative net margin of 1.22%. The firm had revenue of $781.70 million during the quarter, compared to analyst estimates of $804.26 million. During the same period in the previous year, the company earned $1.04 earnings per share. The business’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, equities analysts predict that Triumph Group will post $3.71 EPS for the current year.

WARNING: “Triumph Group, Inc. (NYSE:TGI) Receives Market Perform Rating from Cowen and Company” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/07/27/triumph-group-inc-nysetgi-receives-market-perform-rating-from-cowen-and-company.html.

A number of hedge funds have recently made changes to their positions in TGI. State of New Jersey Common Pension Fund D raised its position in shares of Triumph Group by 2.3% in the first quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the aerospace company’s stock valued at $23,175,000 after buying an additional 20,000 shares in the last quarter. Mondrian Investment Partners LTD raised its position in shares of Triumph Group by 72.6% in the first quarter. Mondrian Investment Partners LTD now owns 64,940 shares of the aerospace company’s stock valued at $1,672,000 after buying an additional 27,323 shares in the last quarter. Investment Counselors of Maryland LLC raised its position in shares of Triumph Group by 60.3% in the first quarter. Investment Counselors of Maryland LLC now owns 652,022 shares of the aerospace company’s stock valued at $16,790,000 after buying an additional 245,200 shares in the last quarter. WealthTrust Axiom LLC bought a new position in shares of Triumph Group during the first quarter valued at approximately $1,597,000. Finally, Cubic Asset Management LLC raised its position in shares of Triumph Group by 11.3% in the first quarter. Cubic Asset Management LLC now owns 22,125 shares of the aerospace company’s stock valued at $570,000 after buying an additional 2,250 shares in the last quarter. Hedge funds and other institutional investors own 99.75% of the company’s stock.

About Triumph Group

Analyst Recommendations for Triumph Group (NYSE:TGI)

Receive News & Ratings for Triumph Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.