Triumph Group’s (TGI) “Buy” Rating Reaffirmed at Robert W. Baird
Triumph Group, Inc. (NYSE:TGI)‘s stock had its “buy” rating reaffirmed by equities research analysts at Robert W. Baird in a research note issued to investors on Friday. They presently have a $34.00 price target on the aerospace company’s stock. Robert W. Baird’s price target would suggest a potential upside of 31.02% from the company’s current price.
Several other equities research analysts have also recently commented on the stock. Royal Bank Of Canada restated a “buy” rating and set a $33.00 price objective on shares of Triumph Group in a report on Friday, September 1st. ValuEngine upgraded shares of Triumph Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Bank of America Corporation restated an “underperform” rating and set a $27.00 price objective (down previously from $30.00) on shares of Triumph Group in a report on Saturday, August 26th. BidaskClub cut shares of Triumph Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Finally, Credit Suisse Group decreased their price objective on shares of Triumph Group from $40.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, August 21st. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $30.33.
Shares of Triumph Group (NYSE TGI) traded up 0.58% during mid-day trading on Friday, reaching $25.95. 477,253 shares of the company were exchanged. Triumph Group has a 12 month low of $19.65 and a 12 month high of $34.80. The stock’s market capitalization is $1.29 billion. The firm has a 50-day moving average price of $27.09 and a 200 day moving average price of $27.64.
Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.87 by $0.63. Triumph Group had a positive return on equity of 28.96% and a negative net margin of 1.89%. The business had revenue of $781.70 million for the quarter, compared to analyst estimates of $804.26 million. During the same quarter in the prior year, the firm earned $1.04 EPS. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. Equities research analysts anticipate that Triumph Group will post $1.70 EPS for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Triumph Group in the second quarter valued at approximately $1,536,000. Public Employees Retirement System of Ohio acquired a new position in shares of Triumph Group in the second quarter valued at approximately $408,000. Koch Industries Inc. acquired a new position in shares of Triumph Group in the second quarter valued at approximately $273,000. Piedmont Investment Advisors LLC acquired a new position in shares of Triumph Group in the second quarter valued at approximately $339,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Triumph Group in the second quarter valued at approximately $201,000. Institutional investors own 99.75% of the company’s stock.
About Triumph Group
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