Bank of America upgraded shares of Triumph Group (NYSE:TGI) from an underperform rating to a buy rating in a research note issued to investors on Monday morning, reports. The brokerage currently has $35.00 price objective on the aerospace company’s stock, up from their prior price objective of $20.00.

A number of other equities analysts have also recently issued reports on the company. Cowen reiterated a buy rating and issued a $22.00 target price on shares of Triumph Group in a report on Thursday, February 7th. ValuEngine upgraded Triumph Group from a strong sell rating to a sell rating in a report on Monday, November 12th. Zacks Investment Research cut Triumph Group from a hold rating to a strong sell rating in a research note on Thursday, January 10th. SunTrust Banks increased their target price on Triumph Group to $25.00 and gave the company a hold rating in a report on Friday, February 8th. Finally, UBS Group upgraded Triumph Group from a sell rating to a neutral rating and cut their price target for the company from $19.00 to $14.50 in a report on Monday, December 17th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $24.96.

NYSE:TGI opened at $23.04 on Monday. The firm has a market capitalization of $1.08 billion, a P/E ratio of 9.11, a PEG ratio of 2.63 and a beta of 2.55. Triumph Group has a 1 year low of $11.16 and a 1 year high of $29.60.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Thursday, February 7th. The aerospace company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. The firm had revenue of $807.90 million during the quarter, compared to analysts’ expectations of $829.37 million. Triumph Group had a negative net margin of 12.41% and a negative return on equity of 149.35%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.76 earnings per share. Equities analysts anticipate that Triumph Group will post 1.72 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Walthausen & Co. LLC acquired a new position in Triumph Group during the third quarter valued at approximately $24,533,000. New York State Common Retirement Fund boosted its holdings in Triumph Group by 1,289.8% during the 4th quarter. New York State Common Retirement Fund now owns 754,668 shares of the aerospace company’s stock worth $8,679,000 after acquiring an additional 700,368 shares during the last quarter. Cornerstone Wealth Management LLC bought a new stake in shares of Triumph Group during the 3rd quarter worth $4,944,000. Jane Street Group LLC raised its stake in Triumph Group by 118.4% in the 3rd quarter. Jane Street Group LLC now owns 22,584 shares of the aerospace company’s stock valued at $526,000 after acquiring an additional 145,489 shares during the period. Finally, Royce & Associates LP increased its position in shares of Triumph Group by 17.2% during the third quarter. Royce & Associates LP now owns 834,800 shares of the aerospace company’s stock valued at $19,451,000 after buying an additional 122,400 shares during the period.

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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