Triumph Group, Inc. (NYSE:TGI) Receives $14.78 Consensus Target Price from Brokerages

Shares of Triumph Group, Inc. (NYSE:TGI) have been assigned an average rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $14.78.

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. cut Triumph Group from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $15.00 to $12.00 in a research note on Monday, October 14th. Bank of America lowered shares of Triumph Group from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. The Goldman Sachs Group downgraded shares of 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 research report on Tuesday, August 13th. 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 report on Monday, August 12th. Finally, Barclays dropped their price objective on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, August 12th.

Triumph Group Stock Up 1.5 %

NYSE TGI opened at $14.59 on Wednesday. Triumph Group has a 52 week low of $7.19 and a 52 week high of $17.87. The company has a 50 day moving average price of $13.58 and a 200 day moving average price of $14.32. The firm has a market cap of $1.12 billion, a PE ratio of 2.20 and a beta of 2.49.

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 analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $274.64 million. During the same period in the previous year, the company posted ($0.10) earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts anticipate that Triumph Group will post 0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new position in shares of Triumph Group during the 1st quarter valued at about $35,000. Quest Partners LLC acquired a new stake in Triumph Group during the second quarter worth about $41,000. DekaBank Deutsche Girozentrale purchased a new position in Triumph Group during the first quarter valued at approximately $56,000. Lazard Asset Management LLC lifted its holdings in Triumph Group by 98.3% in the first quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 1,922 shares during the period. Finally, CWM LLC boosted its position in Triumph Group by 473.7% in the 2nd quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock worth $79,000 after purchasing an additional 4,249 shares in the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

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.