Triumph Group, Inc. (NYSE:TGI)‘s stock had its “buy” rating restated by research analysts at Robert W. Baird in a report released on Thursday. They presently have a $34.00 price objective on the aerospace company’s stock. Robert W. Baird’s price target would suggest a potential upside of 6.42% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Group LLC reissued a “hold” rating and set a $30.00 price target on shares of Triumph Group in a research report on Friday, September 29th. Royal Bank Of Canada reissued a “buy” rating and set a $33.00 price target on shares of Triumph Group in a research report on Friday, September 1st. ValuEngine raised shares of Triumph Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Bank of America Corporation reaffirmed an “underperform” rating and issued a $27.00 target price (down from $30.00) on shares of Triumph Group in a research report on Saturday, August 26th. Finally, BidaskClub cut shares of Triumph Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Four analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Triumph Group presently has a consensus rating of “Hold” and a consensus price target of $30.00.

Triumph Group (NYSE:TGI) traded up 0.78% during mid-day trading on Thursday, hitting $32.20. 97,910 shares of the company traded hands. Triumph Group has a one year low of $19.65 and a one year high of $34.80. The firm has a 50 day moving average of $28.27 and a 200 day moving average of $28.28. The firm’s market capitalization is $1.60 billion.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.63). Triumph Group had a negative net margin of 1.89% and a positive return on equity of 28.96%. The business had revenue of $781.70 million during the quarter, compared to analysts’ expectations of $804.26 million. During the same period last year, the company posted $1.04 EPS. Triumph Group’s revenue for the quarter was down 12.5% on a year-over-year basis. Equities research analysts expect that Triumph Group will post $1.76 earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in TGI. Wells Fargo & Company MN increased its stake in Triumph Group by 91.7% during the 1st quarter. Wells Fargo & Company MN now owns 133,293 shares of the aerospace company’s stock valued at $3,432,000 after purchasing an additional 63,777 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Triumph Group by 9.1% during the 1st quarter. Bank of New York Mellon Corp now owns 639,026 shares of the aerospace company’s stock valued at $16,455,000 after purchasing an additional 53,282 shares in the last quarter. Comerica Bank increased its stake in Triumph Group by 49.6% during the 1st quarter. Comerica Bank now owns 55,680 shares of the aerospace company’s stock valued at $1,470,000 after purchasing an additional 18,469 shares in the last quarter. Swiss National Bank increased its stake in Triumph Group by 2.0% during the 1st quarter. Swiss National Bank now owns 77,600 shares of the aerospace company’s stock valued at $1,998,000 after purchasing an additional 1,500 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Triumph Group by 20.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 41,362 shares of the aerospace company’s stock valued at $1,065,000 after purchasing an additional 6,940 shares in the last quarter. Institutional investors and hedge funds own 99.75% of the company’s stock.

About Triumph Group

Analyst Recommendations for Triumph Group (NYSE:TGI)

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