Triumph Group (TGI) Analyst Day Will Be Next Catalyst
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Price: $75.01 +2.88%
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade TGI Now!
On Wednesday Triumph Group, Inc. (NYSE: TGI) reported Q3 EPS of $1.46, $0.04 better than the analyst estimate of $1.42 on revenue of $890.6 million.
Commenting on the news, analyst Ken Herbert of Imperial Capital said "In our view, TGI shares are due for a pause after its 8% increase since 12/31/12. We believe that upside from better than expected results is largely priced into the stock. However, the announcement of a positive FY16 goal at the company's investor day on 2/20/13, as well as the full potential impact of the GPECS acquisition could lead to upside for the shares."
He expects the stock to be range round prior to the analyst day in February.
Imperial Capital has an Outperform rating on Triumph Group with a modified price target of $80.00 (from $78.00)
For an analyst ratings summary and ratings history on Triumph Group (NYSE: TGI) click here. For more ratings news on Triumph Group click here.
Shares of Triumph Group closed at $70.37 yesterday, with a 52 week range of $53.46-$73.47.
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Commenting on the news, analyst Ken Herbert of Imperial Capital said "In our view, TGI shares are due for a pause after its 8% increase since 12/31/12. We believe that upside from better than expected results is largely priced into the stock. However, the announcement of a positive FY16 goal at the company's investor day on 2/20/13, as well as the full potential impact of the GPECS acquisition could lead to upside for the shares."
He expects the stock to be range round prior to the analyst day in February.
Imperial Capital has an Outperform rating on Triumph Group with a modified price target of $80.00 (from $78.00)
For an analyst ratings summary and ratings history on Triumph Group (NYSE: TGI) click here. For more ratings news on Triumph Group click here.
Shares of Triumph Group closed at $70.37 yesterday, with a 52 week range of $53.46-$73.47.
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