Triumph Group, Inc. (NYSE:TGI)‘s stock had its “hold” rating restated by research analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Thursday. They presently have a $28.00 target price on the aerospace company’s stock. SunTrust Banks, Inc.’s target price suggests a potential downside of 13.45% from the stock’s previous close.
TGI has been the topic of several other reports. Jefferies Group LLC lowered shares of Triumph Group from a “buy” rating to a “hold” rating and set a $37.00 price target on the stock. in a research report on Monday, July 24th. ValuEngine upgraded shares of Triumph Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Royal Bank Of Canada reiterated a “buy” rating and issued a $33.00 price target on shares of Triumph Group in a research report on Friday, July 28th. TheStreet upgraded shares of Triumph Group from a “d+” rating to a “c-” rating in a research report on Wednesday, July 26th. Finally, Credit Suisse Group lowered their price target on shares of Triumph Group from $40.00 to $37.00 and set an “outperform” rating on the stock in a research report on Monday, August 21st. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $30.00.
Shares of Triumph Group (NYSE TGI) traded up 1.25% on Thursday, hitting $32.35. The stock had a trading volume of 315,996 shares. The stock’s market cap is $1.61 billion. The company’s 50 day moving average is $28.27 and its 200 day moving average is $28.28. Triumph Group has a one year low of $19.65 and a one year high of $34.80.
Triumph Group (NYSE:TGI) last released 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). The business had revenue of $781.70 million during the quarter, compared to analyst estimates of $804.26 million. Triumph Group had a negative net margin of 1.89% and a positive return on equity of 28.96%. The firm’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 earnings per share. Equities research analysts predict that Triumph Group will post $1.76 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in TGI. Riverhead Capital Management LLC boosted its position in Triumph Group by 56.8% during the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock worth $119,000 after acquiring an additional 1,363 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in Triumph Group during the second quarter worth approximately $149,000. FNY Managed Accounts LLC acquired a new stake in Triumph Group during the first quarter worth approximately $154,000. Sei Investments Co. boosted its position in Triumph Group by 51.6% during the second quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock worth $167,000 after acquiring an additional 1,796 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Triumph Group during the second quarter worth approximately $171,000. Hedge funds and other institutional investors own 99.75% of the company’s stock.
About Triumph Group
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