Triumph Group (TGI) Rating Lowered to Market Perform at Cowen

Triumph Group (NYSE:TGI) was downgraded by Cowen from an “outperform” rating to a “market perform” rating in a research report issued on Monday, Marketbeat reports. They presently have a $22.15 price objective on the aerospace company’s stock. Cowen’s target price suggests a potential downside of 2.38% from the stock’s previous close.

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

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Shares of NYSE TGI opened at $22.69 on Monday. The firm has a market capitalization of $1.08 billion, a PE ratio of 8.97, a P/E/G ratio of 2.63 and a beta of 2.55. Triumph Group has a fifty-two week low of $11.16 and a fifty-two week high of $29.60.

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

A number of institutional investors have recently bought and sold shares of TGI. Blueshift Asset Management LLC purchased a new position in shares of Triumph Group in the 4th quarter worth about $138,000. Citigroup Inc. boosted its holdings in shares of Triumph Group by 1,567.6% in the 4th quarter. Citigroup Inc. now owns 5,653 shares of the aerospace company’s stock worth $65,000 after purchasing an additional 5,314 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of Triumph Group by 312.6% in the 4th quarter. Advisor Group Inc. now owns 2,393 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 1,813 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Triumph Group by 5.6% in the 4th quarter. Royce & Associates LP now owns 881,610 shares of the aerospace company’s stock worth $10,139,000 after purchasing an additional 46,810 shares in the last quarter. Finally, Texas Permanent School Fund boosted its holdings in shares of Triumph Group by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 32,611 shares of the aerospace company’s stock worth $375,000 after purchasing an additional 1,269 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.

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