Triumph Group, Inc. (NYSE:TGI) has been given a $39.00 price objective by analysts at Royal Bank Of Canada in a research note issued on Wednesday. The firm currently has a “buy” rating on the aerospace company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 29.57% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Canaccord Genuity reaffirmed a “hold” rating and set a $36.00 price objective (up previously from $30.00) on shares of Triumph Group in a research note on Thursday, November 9th. Cowen and Company reaffirmed a “hold” rating and set a $30.00 price objective on shares of Triumph Group in a research note on Thursday, November 9th. SunTrust Banks, Inc. raised their price objective on shares of Triumph Group to $34.00 and gave the stock a “hold” rating in a research note on Thursday, November 9th. Robert W. Baird reaffirmed a “buy” rating and set a $34.00 price objective on shares of Triumph Group in a research note on Thursday, October 12th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $30.00 price objective on shares of Triumph Group in a research note on Friday, September 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Triumph Group currently has a consensus rating of “Hold” and an average target price of $33.11.

Shares of Triumph Group (TGI) traded up $0.80 during trading hours on Wednesday, reaching $30.10. 286,772 shares of the company traded hands, compared to its average volume of 798,323. Triumph Group has a one year low of $19.65 and a one year high of $34.80. The company has a current ratio of 1.87, a quick ratio of 0.42 and a debt-to-equity ratio of 1.65. The firm has a market cap of $1,486.21, a P/E ratio of 6.16, a PEG ratio of 0.73 and a beta of 1.76.

Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.20. Triumph Group had a negative net margin of 3.18% and a positive return on equity of 27.18%. The company had revenue of $745.16 million for the quarter, compared to the consensus estimate of $787.90 million. During the same quarter in the prior year, the company earned $1.00 EPS. Triumph Group’s quarterly revenue was down 14.8% on a year-over-year basis. research analysts anticipate that Triumph Group will post 2.48 EPS for the current year.

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Large investors have recently made changes to their positions in the company. LSV Asset Management lifted its position in shares of Triumph Group by 1.2% during the 2nd quarter. LSV Asset Management now owns 2,493,262 shares of the aerospace company’s stock valued at $78,787,000 after buying an additional 29,500 shares in the last quarter. Heartland Advisors Inc. lifted its position in shares of Triumph Group by 16.7% during the 3rd quarter. Heartland Advisors Inc. now owns 350,000 shares of the aerospace company’s stock valued at $10,413,000 after buying an additional 50,000 shares in the last quarter. Rock Point Advisors LLC purchased a new position in shares of Triumph Group during the 2nd quarter valued at approximately $5,369,000. Stifel Financial Corp lifted its position in shares of Triumph Group by 8.1% during the 2nd quarter. Stifel Financial Corp now owns 754,727 shares of the aerospace company’s stock valued at $23,800,000 after buying an additional 56,649 shares in the last quarter. Finally, Gotham Asset Management LLC purchased a new position in Triumph Group in the 2nd quarter valued at $5,074,000. Hedge funds and other institutional investors own 99.75% of the company’s stock.

About Triumph Group

Analyst Recommendations for Triumph Group (NYSE:TGI)

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