Triumph Group, Inc. (TGI) PT Raised to $34.00 at SunTrust Banks, Inc.
Triumph Group, Inc. (NYSE:TGI) had its target price boosted by SunTrust Banks, Inc. to $34.00 in a research report sent to investors on Thursday morning, The Fly reports. The firm currently has a hold rating on the aerospace company’s stock. SunTrust Banks also issued estimates for Triumph Group’s FY2019 earnings at $2.86 EPS.
Several other equities research analysts also recently issued reports on TGI. BidaskClub upgraded Triumph Group from a sell rating to a hold rating in a research report on Monday, August 14th. ValuEngine downgraded Triumph Group from a buy rating to a hold rating in a research report on Tuesday, August 1st. Jefferies Group LLC restated a hold rating and set a $30.00 target price on shares of Triumph Group in a research report on Friday, September 29th. Robert W. Baird restated a buy rating and set a $34.00 target price on shares of Triumph Group in a research report on Thursday, October 12th. Finally, Cowen and Company restated a market perform rating and set a $24.00 target price (down previously from $32.00) on shares of Triumph Group in a research report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $33.00.
Triumph Group (TGI) traded down $0.30 during trading hours on Thursday, hitting $31.40. The company’s stock had a trading volume of 426,400 shares, compared to its average volume of 804,971. The stock has a market capitalization of $1,558.16, a P/E ratio of 6.46, a P/E/G ratio of 0.78 and a beta of 1.76. Triumph Group has a 12-month low of $19.65 and a 12-month high of $34.80. The company has a current ratio of 1.87, a quick ratio of 0.42 and a debt-to-equity ratio of 1.65.
Triumph Group (NYSE:TGI) last posted its earnings results on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.20. The firm had revenue of $745.16 million for the quarter, compared to the consensus estimate of $787.90 million. Triumph Group had a positive return on equity of 27.18% and a negative net margin of 3.18%. The business’s quarterly revenue was down 14.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.00 earnings per share. equities analysts forecast that Triumph Group will post 2.45 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in TGI. BlackRock Inc. increased its stake in Triumph Group by 13,862.7% in the first quarter. BlackRock Inc. now owns 7,517,512 shares of the aerospace company’s stock valued at $193,578,000 after acquiring an additional 7,463,672 shares during the last quarter. Vanguard Group Inc. increased its stake in Triumph Group by 20.1% in the first quarter. Vanguard Group Inc. now owns 5,258,989 shares of the aerospace company’s stock valued at $135,419,000 after acquiring an additional 880,074 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Triumph Group by 43.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,573,763 shares of the aerospace company’s stock valued at $81,330,000 after acquiring an additional 774,964 shares during the last quarter. Renaissance Technologies LLC bought a new position in Triumph Group in the second quarter valued at $12,232,000. Finally, Schwab Charles Investment Management Inc. increased its stake in Triumph Group by 118.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 570,890 shares of the aerospace company’s stock valued at $18,041,000 after acquiring an additional 309,588 shares during the last quarter. 99.75% of the stock is currently owned by institutional investors and hedge funds.
Triumph Group Company Profile
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