Triumph Group, Inc. (NYSE:TGI) Receives $14.78 Average PT from Brokerages

Shares of Triumph Group, Inc. (NYSE:TGI) have earned a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $14.78.

Several equities analysts have recently issued reports on the stock. Bank of America lowered shares of Triumph Group from a “buy” rating to an “underperform” rating and lowered their target price for the company from $17.00 to $12.00 in a report on Tuesday, September 24th. The Goldman Sachs Group downgraded Triumph Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $19.00 to $15.00 in a report on Tuesday, August 13th. JPMorgan Chase & Co. downgraded Triumph Group from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $15.00 to $12.00 in a report on Monday, October 14th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $14.00 price target (down previously from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. Finally, Barclays cut their price objective on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th.

Institutional Trading of Triumph Group

Large investors have recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new stake in Triumph Group in the first quarter worth approximately $35,000. Quest Partners LLC purchased a new position in shares of Triumph Group in the 2nd quarter worth $41,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Triumph Group in the first quarter worth $56,000. Lazard Asset Management LLC grew its holdings in shares of Triumph Group by 98.3% in the first quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 1,922 shares during the period. Finally, CWM LLC increased its position in Triumph Group by 473.7% during the second quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock valued at $79,000 after acquiring an additional 4,249 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors.

Triumph Group Stock Up 1.5 %

Shares of TGI stock opened at $14.59 on Wednesday. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 2.20 and a beta of 2.49. The business’s fifty day moving average is $13.58 and its 200 day moving average is $14.31. Triumph Group has a twelve month low of $7.19 and a twelve month high of $17.87.

Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Triumph Group had a negative return on equity of 1.77% and a net margin of 40.39%. The business had revenue of $281.00 million during the quarter, compared to the consensus estimate of $274.64 million. During the same quarter in the previous year, the business earned ($0.10) earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. Equities research analysts expect that Triumph Group will post 0.44 earnings per share for the current fiscal year.

Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aircraft, aircraft components, accessories, subassemblies, and systems worldwide. It operates in two segments, Triumph Systems & Support, and Triumph Interiors. The company offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, control system valve bodies, landing gear actuation systems, electronic engine controls, landing gear components and assemblies, cyber protected process controllers, main engine gearbox assemblies, geared transmissions and drive train components, main fuel pumps, fuel-metering units, primary and secondary flight control systems, and vibration absorbers.