Brokerage firm Deutsche Bank Maintains its rating on Triumph Group Inc(NYSE:TGI). In a research note issued to the investors, the brokerage major Raises the price-target to $45.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Jun 13, 2016.
In a different note, On May 9, 2016, Goldman Sachs said it Maintains its rating on Triumph Group Inc. In the research note, the firm Raises the price-target to $34.00 per share. The shares have been rated ‘Neutral’ by the firm.
Triumph Group Inc (TGI) made into the market gainers list on Fridays trading session with the shares advancing 2.22% or 0.83 points. Due to strong positive momentum, the stock ended at $38.27, which is also near the day’s high of $38.81. The stock began the session at $37.44 and the volume stood at 7,10,130 shares. The 52-week high of the shares is $69.14 and the 52 week low is $22.94. The company has a current market capitalization of $1,895 M and it has 4,95,21,405 shares in outstanding.
Triumph Group Inc(TGI) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $1.06B. Analysts had an estimated revenue of $1.04B. Earnings per share were $1.32. Analysts had estimated an EPS of $1.48.
Several Insider Transactions has been reported to the SEC. On Feb 10, 2016, Adam Joseph Palmer (director) purchased 25,000 shares at $25.60 per share price.Also, 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.