Triumph Group (NYSE:TGI) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Friday, ValuEngine reports.

Several other brokerages have also issued reports on TGI. Barclays lowered shares of Triumph Group from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $23.00 to $20.00 in a research note on Friday, August 23rd. Cowen reaffirmed a “hold” rating and issued a $22.00 target price on shares of Triumph Group in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Triumph Group has a consensus rating of “Hold” and a consensus target price of $23.58.

NYSE:TGI traded up $1.34 during mid-day trading on Friday, reaching $27.70. 969,131 shares of the company were exchanged, compared to its average volume of 588,961. Triumph Group has a 12 month low of $11.16 and a 12 month high of $28.15. The company has a fifty day moving average of $21.85 and a 200 day moving average of $22.02. The stock has a market cap of $1.33 billion, a PE ratio of 11.12, a PEG ratio of 1.88 and a beta of 2.75.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Thursday, November 7th. The aerospace company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.04. The firm had revenue of $772.10 million for the quarter, compared to analyst estimates of $717.39 million. Triumph Group had a negative net margin of 6.96% and a negative return on equity of 29.65%. The company’s revenue was down 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 EPS. On average, equities research analysts predict that Triumph Group will post 2.54 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in shares of Triumph Group by 188.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,321 shares of the aerospace company’s stock valued at $76,000 after purchasing an additional 2,171 shares during the last quarter. Private Capital Group LLC boosted its stake in Triumph Group by 415.4% during the 2nd quarter. Private Capital Group LLC now owns 6,443 shares of the aerospace company’s stock worth $126,000 after acquiring an additional 5,193 shares during the last quarter. Bank of Montreal Can boosted its stake in Triumph Group by 134.4% during the 2nd quarter. Bank of Montreal Can now owns 7,968 shares of the aerospace company’s stock worth $183,000 after acquiring an additional 4,569 shares during the last quarter. Emerald Advisers LLC bought a new position in Triumph Group during the 2nd quarter worth approximately $204,000. Finally, Campbell & CO Investment Adviser LLC boosted its stake in Triumph Group by 56.3% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 13,686 shares of the aerospace company’s stock worth $313,000 after acquiring an additional 4,928 shares during 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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Analyst Recommendations for Triumph Group (NYSE:TGI)

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