Brokerages Set Triumph Group Inc (TGI) Price Target at $23.43

Shares of Triumph Group Inc (NYSE:TGI) have been given a consensus recommendation of “Hold” by the twelve analysts that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $23.43.

A number of analysts recently weighed in on the stock. ValuEngine raised shares of Triumph Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research raised shares of Triumph Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Barclays lowered their target price on shares of Triumph Group from $28.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 4th. UBS Group assumed coverage on shares of Triumph Group in a research note on Wednesday, August 15th. They issued a “sell” rating and a $19.00 target price on the stock. Finally, Bank of America lowered their target price on shares of Triumph Group from $29.00 to $24.00 and set an “underperform” rating on the stock in a research note on Wednesday, August 15th.

Shares of NYSE:TGI traded up $2.27 on Monday, hitting $21.89. 1,030,171 shares of the company were exchanged, compared to its average volume of 581,992. Triumph Group has a one year low of $16.80 and a one year high of $31.90. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.81 and a current ratio of 1.23. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 0.88 and a beta of 1.90.

Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Thursday, November 8th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. The company had revenue of $855.11 million for the quarter, compared to the consensus estimate of $801.52 million. Triumph Group had a negative net margin of 15.20% and a positive return on equity of 28.57%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 EPS. Equities analysts predict that Triumph Group will post 1.85 EPS for the current year.

In related news, Director Joseph Silvestri sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $22.00, for a total value of $110,000.00. Following the sale, the director now owns 107,662 shares of the company’s stock, valued at $2,368,564. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TGI. SG Americas Securities LLC acquired a new position in Triumph Group in the second quarter valued at about $114,000. Trilogy Capital Inc. acquired a new position in Triumph Group in the second quarter valued at about $157,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Triumph Group in the second quarter valued at about $206,000. Dynamic Technology Lab Private Ltd acquired a new position in Triumph Group in the first quarter valued at about $217,000. Finally, MainStreet Investment Advisors LLC acquired a new position in Triumph Group in the third quarter valued at about $234,000.

About Triumph Group

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates in three segments: Integrated Systems, Aerospace Structures, and Product Support. It offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers.

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Analyst Recommendations for Triumph Group (NYSE:TGI)

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