Oppenheimer Maintains an 'Outperform' on Triumph Group (TGI); Shares Very Compelling as Margins Swell
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Price: $13.36 +0.30%
Rating Summary:
14 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
14 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Oppenheimer maintains an 'Outperform' on Triumph Group (NYSE: TGI) price target of $74.00.
Analyst, Yair Reiner, said, "Triumph started fiscal 2013 like it ended 2012--by crushing EPS expectations on outsize margin gains. More importantly, the underlying margin trajectory in the all-important Aerostructures segment still has plenty of leeway to continue topping guidance. Against that backdrop, and at only 9.6x FY14E EPS, we continue to find TGI very compelling. That the stock is not behaving better on the print might stem from management's comments regarding the uncertain outlook in defense. This would mirror the behavior of many defense stocks this quarter; the latter have tended to sell off on strong prints before bouncing back in subsequent trading sessions. Regardless of the micro trading dynamics potentially at work, we'd be buying TGI here."
FY13 EPS estimate raised from $5.57 to $5.74 and FY14 from $6.15 to $6.29.
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 $60.28 yesterday.
Analyst, Yair Reiner, said, "Triumph started fiscal 2013 like it ended 2012--by crushing EPS expectations on outsize margin gains. More importantly, the underlying margin trajectory in the all-important Aerostructures segment still has plenty of leeway to continue topping guidance. Against that backdrop, and at only 9.6x FY14E EPS, we continue to find TGI very compelling. That the stock is not behaving better on the print might stem from management's comments regarding the uncertain outlook in defense. This would mirror the behavior of many defense stocks this quarter; the latter have tended to sell off on strong prints before bouncing back in subsequent trading sessions. Regardless of the micro trading dynamics potentially at work, we'd be buying TGI here."
FY13 EPS estimate raised from $5.57 to $5.74 and FY14 from $6.15 to $6.29.
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 $60.28 yesterday.
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