Truist Financial Lowers Triumph Group (NYSE:TGI) Price Target to $24.00

Triumph Group (NYSE:TGIGet Rating) had its price objective cut by Truist Financial to $24.00 in a report published on Thursday, Stock Target Advisor reports. They currently have a hold rating on the aerospace company’s stock.

TGI has been the topic of a number of other reports. StockNews.com began coverage on shares of Triumph Group in a research note on Thursday, March 31st. They issued a hold rating on the stock. Robert W. Baird dropped their target price on shares of Triumph Group from $36.00 to $26.00 and set an outperform rating on the stock in a research note on Thursday. Finally, Jefferies Financial Group upgraded shares of Triumph Group from a hold rating to a buy rating and boosted their target price for the company from $20.00 to $26.00 in a research note on Monday, February 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Triumph Group presently has an average rating of Hold and an average price target of $22.00.

Triumph Group stock opened at $13.95 on Thursday. Triumph Group has a fifty-two week low of $13.34 and a fifty-two week high of $27.85. The stock has a market cap of $901.32 million, a PE ratio of -21.14, a price-to-earnings-growth ratio of 4.98 and a beta of 2.73. The firm’s 50-day simple moving average is $23.65 and its 200 day simple moving average is $21.50.

Triumph Group (NYSE:TGIGet Rating) last released its quarterly earnings results on Wednesday, May 18th. The aerospace company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). Triumph Group had a negative return on equity of 6.36% and a negative net margin of 2.93%. The firm had revenue of $386.70 million for the quarter, compared to analysts’ expectations of $405.19 million. During the same quarter last year, the firm posted $0.10 earnings per share. The firm’s revenue for the quarter was down 17.2% compared to the same quarter last year. On average, equities analysts predict that Triumph Group will post 1.1 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the stock. Sawtooth Solutions LLC purchased a new stake in shares of Triumph Group during the 1st quarter valued at approximately $238,000. Virtu Financial LLC bought a new stake in Triumph Group during the 1st quarter worth approximately $404,000. Penn Capital Management Company LLC bought a new stake in Triumph Group during the 1st quarter worth approximately $12,086,000. Royal Bank of Canada increased its holdings in Triumph Group by 415.5% during the 1st quarter. Royal Bank of Canada now owns 16,826 shares of the aerospace company’s stock worth $425,000 after acquiring an additional 13,562 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Triumph Group by 27.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 923,120 shares of the aerospace company’s stock worth $23,336,000 after acquiring an additional 198,126 shares during the period. Institutional investors own 95.71% of the company’s stock.

Triumph Group Company Profile (Get Rating)

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

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