Triumph Group Inc (TGI) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 40 from a previous price target of $36 . RBC Capital Mkts advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on Triumph Group Inc. Triumph Group Inc was Upgraded by BofA/Merrill to ” Buy” on Feb 22, 2016.
On the company’s financial health, Triumph Group Inc reported $1.32 EPS for the quarter, missing the analyst consensus estimate by $ -0.16 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $1.48. The company had revenue of $1058.00 million for the quarter, compared to analysts expectations of $1038.69 million. The company’s revenue was down -2.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.71 EPS.
Triumph Group Inc opened for trading at $33.69 and hit $38.7399 on the upside on Wednesday, eventually ending the session at $37.11, with a gain of 7.41% or 2.56 points. The heightened volatility saw the trading volume jump to 38,33,406 shares. Company has a market cap of $1,831 M.
In a different news, on Feb 10, 2016, Adam Joseph Palmer (director) purchased 25,000 shares at $25.60 per share price. According to the SEC, on Feb 5, 2016, Richard C Ill (director) purchased 18,000 shares at $23.95 per share price. On Feb 4, 2016, Daniel J Crowley (CEO) purchased 250,000 shares at $25.55 per share price, according to the Form-4 filing with the securities and exchange commission.
Triumph Group Inc. (Triumph) designs engineers manufactures repairs overhauls and distributes a portfolio of aerostructures aircraft components accessories subassemblies and systems. It serves the aviation industry including original equipment manufacturers (OEMs) of commercial regional business and military aircraft and aircraft components as well as commercial and regional airlines and air cargo carriers. The Company operates in three segments: Triumph Aerostructures Group engaged in the design manufacture and building of metallic and composite aerostructures and structural components; Triumph Aerospace Systems Group engaged in the design and engineering of mechanical electromechanical hydraulic and hydromechanical control systems and Triumph Aftermarket Services Group which performs maintenance repair and overhaul services (MRO) and supplies spare parts for the commercial and military aviation industry and services airline and air cargo carrier customers.