Triumph Group, Inc. (TGI) Earns Buy Rating from Royal Bank Of Canada

Triumph Group, Inc. (NYSE:TGI)‘s stock had its “buy” rating reissued by analysts at Royal Bank Of Canada in a research report issued on Friday, September 1st. They presently have a $33.00 price objective on the aerospace company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 18.28% from the stock’s previous close.

TGI has been the subject of several other research reports. Robert W. Baird raised shares of Triumph Group from an “underperform” rating to an “outperform” rating and upped their price objective for the stock from $25.00 to $30.00 in a report on Tuesday, May 16th. Jefferies Group LLC downgraded shares of Triumph Group from a “buy” rating to a “hold” rating and set a $37.00 price objective for the company. in a report on Monday, July 24th. ValuEngine raised shares of Triumph Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Vertical Research raised shares of Triumph Group from a “sell” rating to a “hold” rating and upped their price target for the company from $24.00 to $31.00 in a report on Wednesday, May 24th. Finally, TheStreet raised shares of Triumph Group from a “d+” rating to a “c-” rating in a report on Wednesday, July 26th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $30.33.

Triumph Group (NYSE TGI) opened at 27.90 on Friday. The stock’s market capitalization is $1.38 billion. The company’s 50-day moving average is $26.59 and its 200 day moving average is $27.65. Triumph Group has a one year low of $19.65 and a one year high of $34.80.

Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.63). Triumph Group had a negative net margin of 1.89% and a positive return on equity of 28.96%. The firm had revenue of $781.70 million for the quarter, compared to analyst estimates of $804.26 million. During the same period last year, the firm posted $1.04 EPS. The business’s revenue was down 12.5% compared to the same quarter last year. Equities analysts expect that Triumph Group will post $1.75 EPS for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the company. Riverhead Capital Management LLC boosted its position in shares of Triumph Group by 56.8% in the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock valued at $119,000 after acquiring an additional 1,363 shares during the period. Thompson Siegel & Walmsley LLC bought a new stake in shares of Triumph Group in the second quarter valued at approximately $149,000. Bank of Montreal Can raised its stake in shares of Triumph Group by 8.0% in the first quarter. Bank of Montreal Can now owns 5,252 shares of the aerospace company’s stock valued at $135,000 after purchasing an additional 391 shares in the last quarter. Sei Investments Co. raised its stake in shares of Triumph Group by 51.6% in the second quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock valued at $167,000 after purchasing an additional 1,796 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Triumph Group in the second quarter valued at $171,000. 99.75% of the stock is owned by institutional investors.

Triumph Group Company Profile

Analyst Recommendations for Triumph Group (NYSE:TGI)

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