Triumph Group (NYSE:TGI)‘s stock had its “buy” rating reaffirmed by research analysts at Cowen in a report issued on Thursday. They presently have a $22.00 target price on the aerospace company’s stock. Cowen’s price objective points to a potential upside of 11.34% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Triumph Group from a “strong sell” rating to a “sell” rating in a research report on Monday, November 12th. Zacks Investment Research cut shares of Triumph Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 10th. Finally, UBS Group upgraded shares of Triumph Group from a “sell” rating to a “neutral” rating and dropped their target price for the stock from $19.00 to $14.50 in a research report on Monday, December 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Triumph Group presently has a consensus rating of “Hold” and a consensus price target of $23.07.

Shares of Triumph Group stock opened at $19.76 on Thursday. The stock has a market cap of $956.83 million, a P/E ratio of 7.81, a PEG ratio of 2.46 and a beta of 2.55. Triumph Group has a 12-month low of $11.16 and a 12-month high of $29.60.

Triumph Group (NYSE:TGI) last announced its earnings results on Thursday, November 8th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The business had revenue of $855.11 million during the quarter, compared to analysts’ expectations of $801.52 million. Triumph Group had a negative net margin of 14.98% and a positive return on equity of 68.14%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the company posted $0.52 EPS. Analysts expect that Triumph Group will post 1.62 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Fox Run Management L.L.C. acquired a new stake in Triumph Group in the 4th quarter valued at about $213,000. Hsbc Holdings PLC acquired a new stake in Triumph Group in the 3rd quarter valued at about $380,000. FMR LLC increased its position in Triumph Group by 16.4% in the 3rd quarter. FMR LLC now owns 21,310 shares of the aerospace company’s stock valued at $497,000 after acquiring an additional 3,000 shares in the last quarter. Legal & General Group Plc increased its position in Triumph Group by 7.8% in the 3rd quarter. Legal & General Group Plc now owns 149,762 shares of the aerospace company’s stock valued at $3,469,000 after acquiring an additional 10,835 shares in the last quarter. Finally, MetLife Investment Advisors LLC increased its position in Triumph Group by 52.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 36,822 shares of the aerospace company’s stock valued at $858,000 after acquiring an additional 12,740 shares in the last quarter.

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.

Recommended Story: Bollinger Bands

Analyst Recommendations for Triumph Group (NYSE:TGI)

Receive News & Ratings for Triumph Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group and related companies with MarketBeat.com's FREE daily email newsletter.