Triumph Group, Inc. (TGI) Given “Outperform” Rating at Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of Triumph Group, Inc. (NYSE:TGI) in a research note issued to investors on Thursday morning, MarketBeat reports. The brokerage currently has a $41.00 target price on the aerospace company’s stock, up from their previous target price of $38.00.

TGI has been the topic of several other research reports. Jefferies Group LLC lowered Triumph Group from a buy rating to a hold rating and set a $37.00 target price on the stock. in a research note on Monday, July 24th. ValuEngine upgraded Triumph Group from a buy rating to a strong-buy rating in a report on Friday, September 1st. TheStreet upgraded Triumph Group from a d+ rating to a c- rating in a report on Wednesday, July 26th. Credit Suisse Group lowered their price target on Triumph Group from $40.00 to $37.00 and set an outperform rating for the company in a report on Monday, August 21st. Finally, SunTrust Banks, Inc. increased their price target on Triumph Group to $34.00 and gave the stock a hold rating in a report on Thursday. Three analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $33.00.

Triumph Group (NYSE TGI) traded down $0.30 during trading hours on Thursday, reaching $31.40. The company’s stock had a trading volume of 426,400 shares, compared to its average volume of 804,971. Triumph Group has a 1 year low of $19.65 and a 1 year high of $34.80. The company has a quick ratio of 0.42, a current ratio of 1.87 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $1,558.16, a price-to-earnings ratio of 6.46, a price-to-earnings-growth ratio of 0.78 and a beta of 1.76.

Triumph Group (NYSE:TGI) last released its earnings results on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.20. Triumph Group had a positive return on equity of 27.18% and a negative net margin of 3.18%. The firm had revenue of $745.16 million for the quarter, compared to analyst estimates of $787.90 million. During the same quarter in the prior year, the firm posted $1.00 earnings per share. The company’s quarterly revenue was down 14.8% on a year-over-year basis. sell-side analysts expect that Triumph Group will post 2.45 EPS for the current year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its position in shares of Triumph Group by 11.7% in the third quarter. Stifel Financial Corp now owns 842,877 shares of the aerospace company’s stock valued at $25,084,000 after buying an additional 88,150 shares during the last quarter. Formula Growth Ltd. lifted its position in shares of Triumph Group by 89.9% in the third quarter. Formula Growth Ltd. now owns 490,000 shares of the aerospace company’s stock valued at $14,578,000 after buying an additional 231,989 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Triumph Group by 11.7% in the third quarter. Dimensional Fund Advisors LP now owns 2,874,646 shares of the aerospace company’s stock valued at $85,522,000 after buying an additional 300,883 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Triumph Group by 6.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 605,743 shares of the aerospace company’s stock valued at $18,021,000 after buying an additional 34,853 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Triumph Group by 2.8% in the third quarter. Legal & General Group Plc now owns 142,919 shares of the aerospace company’s stock valued at $4,255,000 after buying an additional 3,871 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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