Triumph Group, Inc. (TGI) Cut to “Hold” at ValuEngine

Triumph Group, Inc. (NYSE:TGI) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Tuesday, August 1st.

Several other equities research analysts have also weighed in on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $33.00 target price on shares of Triumph Group in a report on Friday, July 28th. TheStreet upgraded shares of Triumph Group from a “d+” rating to a “c-” rating in a report on Wednesday, July 26th. Cowen and Company reiterated a “market perform” rating and issued a $24.00 target price (down from $32.00) on shares of Triumph Group in a report on Thursday, July 27th. Jefferies Group LLC lowered shares of Triumph Group from a “buy” rating to a “hold” rating and set a $37.00 target price on the stock. in a report on Monday, July 24th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $34.00 target price on shares of Triumph Group in a report on Thursday, July 20th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.64.

Triumph Group (NYSE TGI) traded down 1.56% on Tuesday, hitting $25.30. The company’s stock had a trading volume of 894,074 shares. Triumph Group has a 1-year low of $19.65 and a 1-year high of $34.80. The company has a 50 day moving average price of $29.84 and a 200-day moving average price of $27.82. The company’s market capitalization is $1.26 billion.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by $0.63. Triumph Group had a negative net margin of 1.89% and a positive return on equity of 28.96%. The business had revenue of $781.70 million during the quarter, compared to analyst estimates of $804.26 million. During the same quarter in the prior year, the company earned $1.04 earnings per share. The company’s quarterly revenue was down 12.5% on a year-over-year basis. On average, equities analysts forecast that Triumph Group will post $1.83 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by BNB Daily and is the sole property of of BNB Daily. If you are reading this news story on another publication, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this news story can be viewed at https://www.baseball-news-blog.com/2017/08/19/triumph-group-inc-tgi-downgraded-to-hold-at-valuengine-updated-updated.html.

Several hedge funds and other institutional investors have recently made changes to their positions in TGI. BlackRock Inc. increased its position in shares of Triumph Group by 13,862.7% in the first quarter. BlackRock Inc. now owns 7,517,512 shares of the aerospace company’s stock worth $193,578,000 after buying an additional 7,463,672 shares during the period. Vanguard Group Inc. increased its position in shares of Triumph Group by 20.1% in the first quarter. Vanguard Group Inc. now owns 5,258,989 shares of the aerospace company’s stock worth $135,419,000 after buying an additional 880,074 shares during the period. Dimensional Fund Advisors LP increased its position in shares of 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 worth $81,330,000 after buying an additional 774,964 shares during the period. LSV Asset Management increased its position in shares of Triumph Group by 1.2% in the second quarter. LSV Asset Management now owns 2,493,262 shares of the aerospace company’s stock worth $78,787,000 after buying an additional 29,500 shares during the period. Finally, Teachers Advisors LLC increased its position in shares of Triumph Group by 14.0% in the first quarter. Teachers Advisors LLC now owns 1,782,579 shares of the aerospace company’s stock worth $45,901,000 after buying an additional 219,033 shares during the period. 99.84% of the stock is owned by institutional investors.

About Triumph Group

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Triumph Group (NYSE:TGI)

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

Latest News

Leave a Reply