Cowen lowered shares of Triumph Group (NYSE:TGI) from an outperform rating to a market perform rating in a research report report published on Monday morning, MarketBeat Ratings reports. Cowen currently has $22.15 price target on the aerospace company’s stock.

Several other research analysts have also recently commented on the stock. UBS Group upgraded shares of Triumph Group from a sell rating to a neutral rating and decreased their target price for the stock from $19.00 to $14.50 in a report on Monday, December 17th. ValuEngine upgraded shares of Triumph Group from a strong sell rating to a sell rating in a report on Monday, November 12th. Zacks Investment Research cut shares of Triumph Group from a hold rating to a strong sell rating in a report on Thursday, January 10th. Finally, SunTrust Banks raised their price target on shares of Triumph Group to $25.00 and gave the stock a hold rating in a report on Friday, February 8th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $24.96.

Shares of TGI opened at $23.04 on Monday. Triumph Group has a one year low of $11.16 and a one year high of $29.60. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 2.63 and a beta of 2.55.

Triumph Group (NYSE:TGI) last announced its earnings results on Thursday, February 7th. The aerospace company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. Triumph Group had a negative net margin of 12.41% and a negative return on equity of 149.35%. The company had revenue of $807.90 million during the quarter, compared to analysts’ expectations of $829.37 million. During the same period last year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. Sell-side analysts predict that Triumph Group will post 1.72 EPS for the current year.

Several hedge funds have recently bought and sold shares of TGI. Bank of New York Mellon Corp boosted its holdings in shares of Triumph Group by 5.9% during the second quarter. Bank of New York Mellon Corp now owns 883,881 shares of the aerospace company’s stock worth $17,323,000 after purchasing an additional 49,400 shares during the period. MainStreet Investment Advisors LLC acquired a new stake in Triumph Group in the third quarter valued at approximately $234,000. IMA Wealth Inc. lifted its stake in Triumph Group by 10.4% in the third quarter. IMA Wealth Inc. now owns 147,498 shares of the aerospace company’s stock valued at $3,437,000 after acquiring an additional 13,860 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new stake in Triumph Group in the third quarter valued at approximately $4,944,000. Finally, Hanson & Doremus Investment Management lifted its stake in Triumph Group by 10.7% in the third quarter. Hanson & Doremus Investment Management now owns 37,028 shares of the aerospace company’s stock valued at $863,000 after acquiring an additional 3,577 shares during the last quarter.

Triumph Group Company Profile

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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