Triumph Group, Inc. (NYSE:TGI)‘s stock had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc. in a research note issued on Thursday. They currently have a $28.00 target price on the aerospace company’s stock. SunTrust Banks, Inc.’s price target points to a potential downside of 13.45% from the stock’s previous close.

Several other brokerages have also recently commented on TGI. Cowen and Company reissued a “market perform” rating and set a $24.00 price target (down from $32.00) on shares of Triumph Group in a research report on Thursday, July 27th. 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. Robert W. Baird reissued a “buy” rating and set a $34.00 price target on shares of Triumph Group in a research report on Friday, September 8th. Bank of America Corporation reissued an “underperform” rating and set a $27.00 price target (down from $30.00) on shares of Triumph Group in a research report on Saturday, August 26th. Finally, Canaccord Genuity reissued a “hold” rating and set a $34.00 price target on shares of Triumph Group in a research report on Thursday, July 20th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $30.00.

Shares of Triumph Group (TGI) traded up 1.25% during midday trading on Thursday, hitting $32.35. The stock had a trading volume of 315,996 shares. Triumph Group has a one year low of $19.65 and a one year high of $34.80. The firm’s 50-day moving average is $28.27 and its 200 day moving average is $28.28. The company’s market capitalization is $1.61 billion.

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 negative net margin of 1.89% and a positive return on equity of 28.96%. The company had revenue of $781.70 million for the quarter, compared to analyst estimates of $804.26 million. During the same period last year, the company posted $1.04 earnings per share. The business’s revenue for the quarter was down 12.5% on a year-over-year basis. Equities analysts expect that Triumph Group will post $1.76 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in TGI. ING Groep acquired a new stake in shares of Triumph Group in the third quarter valued at approximately $3,434,000. ID Management A acquired a new stake in shares of Triumph Group in the fourth quarter valued at approximately $4,108,000. Quotient Investors acquired a new stake in shares of Triumph Group in the fourth quarter valued at approximately $6,370,000. Skylands Capital lifted its position in shares of Triumph Group by 5.5% in the fourth quarter. Skylands Capital now owns 74,300 shares of the aerospace company’s stock valued at $2,953,000 after buying an additional 3,900 shares during the last quarter. Finally, Smith Graham & Co. Investment Advisors LP lifted its position in shares of Triumph Group by 76.9% in the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 139,091 shares of the aerospace company’s stock valued at $5,529,000 after buying an additional 60,480 shares during the last quarter. 99.75% of the stock is owned by institutional investors.

About Triumph Group

Analyst Recommendations for Triumph Group (NYSE:TGI)

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