Standpoint Research Upgrades Triumph Group (TGI) to Buy; Time To Re-Enter
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Price: $73.72 -0.63%
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 6
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 6
Trade TGI Now!
Standpoint Research upgraded Triumph Group (NYSE: TGI) from Hold to Buy with a price target of $72.00.
Analyst, Ronnie Moas, said, "TGI is a name we were in last year. We closed out the position out @ $53.49 after the shares moved by 12% for us and beat the S&P-500 by more than 1500 bps in less than four months. To my surprise, the shares broke out after we exited and hit $66 in late April. I regretted exiting this name and now that it has corrected back to $57 from $66 we are getting a chance to re-enter."
Highlighting positive facts, Moas, said, "Triumph Group reported Q2 on May 3...earnings were $1.57 per share versus the consensus estimate of $1.31. Revenues rose 3% y/y to $946 mln versus the $918 mln consensus. TGI gets nearly half of its revenues from Boeing (NYSE: BA). The stock should continue to benefit from the Vought acquisition..."
For an analyst ratings summary and ratings history on Triumph Group click here. For more ratings news on Triumph Group click here.
Shares of Triumph Group closed at $57.35 yesterday, with a 52 week range of $42.78-$103.80.
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Analyst, Ronnie Moas, said, "TGI is a name we were in last year. We closed out the position out @ $53.49 after the shares moved by 12% for us and beat the S&P-500 by more than 1500 bps in less than four months. To my surprise, the shares broke out after we exited and hit $66 in late April. I regretted exiting this name and now that it has corrected back to $57 from $66 we are getting a chance to re-enter."
Highlighting positive facts, Moas, said, "Triumph Group reported Q2 on May 3...earnings were $1.57 per share versus the consensus estimate of $1.31. Revenues rose 3% y/y to $946 mln versus the $918 mln consensus. TGI gets nearly half of its revenues from Boeing (NYSE: BA). The stock should continue to benefit from the Vought acquisition..."
For an analyst ratings summary and ratings history on Triumph Group click here. For more ratings news on Triumph Group click here.
Shares of Triumph Group closed at $57.35 yesterday, with a 52 week range of $42.78-$103.80.
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