Canaccord Genuity restated their hold rating on shares of Triumph Group Inc (NYSE:TGI) in a report published on Friday, MarketBeat reports. They currently have a $45.00 target price on the stock, down from their prior target price of $54.00.

Triumph Group (NYSE:TGI) traded down 0.71% during trading on Friday, hitting $25.32. 585,377 shares of the company were exchanged. Triumph Group has a 12 month low of $24.31 and a 12 month high of $70.68. The company has a market capitalization of $1.25 billion and a price-to-earnings ratio of 10.61. The stock’s 50-day moving average is $34.11 and its 200-day moving average is $44.00.

Triumph Group (NYSE:TGI) last announced its earnings results on Thursday, January 28th. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The business earned $913.90 million during the quarter, compared to analyst estimates of $958.09 million. The business’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.42 earnings per share. Equities research analysts anticipate that Triumph Group will post $5.51 earnings per share for the current year.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System raised its position in Triumph Group by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 65,465 shares of the company’s stock worth $2,602,000 after buying an additional 173 shares during the period. Retirement Systems of Alabama raised its position in Triumph Group by 1.3% in the fourth quarter. Retirement Systems of Alabama now owns 63,370 shares of the company’s stock worth $2,519,000 after buying an additional 840 shares during the period. California State Teachers Retirement System raised its position in Triumph Group by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 94,198 shares of the company’s stock worth $3,744,000 after buying an additional 1,433 shares during the period. Investment Counselors of Maryland LLC raised its position in Triumph Group by 1.1% in the fourth quarter. Investment Counselors of Maryland LLC now owns 220,412 shares of the company’s stock worth $8,761,000 after buying an additional 2,475 shares during the period. Finally, Skylands Capital raised its position in Triumph Group by 5.5% in the fourth quarter. Skylands Capital now owns 74,300 shares of the company’s stock worth $2,953,000 after buying an additional 3,900 shares during the period.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Triumph Group from a sell rating to a hold rating in a report on Monday, November 2nd. RBC Capital cut their target price on shares of Triumph Group from $55.00 to $36.00 and set an outperform rating on the stock in a report on Friday. DA Davidson cut their target price on shares of Triumph Group to $65.00 and set a buy rating on the stock in a report on Thursday, October 29th. Jefferies Group cut their target price on shares of Triumph Group from $74.00 to $59.00 and set a buy rating on the stock in a report on Thursday, October 29th. Finally, Deutsche Bank reaffirmed a buy rating on shares of Triumph Group in a report on Monday, January 4th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $48.70.

Triumph Group, Inc. (NYSE:TGI) 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.

12 Month Chart for NYSE:TGI

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