ValuEngine Downgrades Triumph Group (NYSE:TGI) to Sell

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ValuEngine downgraded shares of Triumph Group (NYSE:TGI) from a hold rating to a sell rating in a report released on Thursday morning, ValuEngine reports.

Separately, Zacks Investment Research upgraded shares of Triumph Group from a hold rating to a buy rating and set a $25.00 price target on the stock in a report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Triumph Group has a consensus rating of Hold and a consensus price target of $24.11.

Shares of NYSE TGI opened at $21.88 on Thursday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 8.79, a P/E/G ratio of 1.71 and a beta of 2.75. The company has a 50-day moving average price of $22.93 and a 200-day moving average price of $21.78. Triumph Group has a 1 year low of $11.16 and a 1 year high of $26.00.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. Triumph Group had a negative net margin of 6.96% and a negative return on equity of 29.65%. The firm had revenue of $730.20 million during the quarter, compared to analysts’ expectations of $700.19 million. During the same period last year, the company earned $0.34 earnings per share. The business’s revenue was down 12.3% on a year-over-year basis. On average, research analysts forecast that Triumph Group will post 2.55 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. boosted its stake in Triumph Group by 312.6% in the fourth quarter. Advisor Group Inc. now owns 2,393 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 1,813 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Triumph Group by 7.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 7,204 shares of the aerospace company’s stock valued at $83,000 after purchasing an additional 507 shares during the period. NumerixS Investment Technologies Inc bought a new stake in shares of Triumph Group in the first quarter valued at approximately $86,000. Private Capital Group LLC raised its position in shares of Triumph Group by 415.4% in the second quarter. Private Capital Group LLC now owns 6,443 shares of the aerospace company’s stock valued at $126,000 after purchasing an additional 5,193 shares during the period. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Triumph Group in the fourth quarter valued at approximately $166,000.

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

Analyst Recommendations for Triumph Group (NYSE:TGI)

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