RBC Capital Releases a Buy Rating on Triumph Group

By Ryan Adsit

In a report released yesterday, Matthew W. McConnell from RBC Capital reiterated a Buy rating on Triumph Group (NYSE: TGI), with a price target of $35. The company’s shares closed yesterday at $26.05.

According to TipRanks.com, McConnell is a 4-star analyst with an average return of 8.9% and a 72.7% success rate. McConnell covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, United Technologies Corp, and General Dynamics Corp.

Currently, the analyst consensus on Triumph Group is Moderate Buy and the average price target is $33.67, representing a 29.3% upside.

In a report issued on April 5, Jefferies also reiterated a Buy rating on the stock with a $36 price target.

Based on Triumph Group’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $816 million and quarterly net profit of $29.33 million. In comparison, last year the company earned revenue of $1.03 billion and had a GAAP net loss of $1.08 billion.

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Triumph Group, Inc. is engaged in the design, engineer, manufacture, repair, overhaul and distribution of aerostructures, aircraft components, accessories, subassemblies and systems. It serves as a spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers. It operates through three segments: Triumph Aerostructures Group, Triumph Aerospace Systems Group, and Triumph Aftermarket Services Group. The Triumph Aerostructures Group segment engages in design, manufacture and build complete metallic and composite aerostructures, and structural components. The Triumph Aerospace Systems Group segment involves in design and engineer mechanical, electromechanical, hydraulic, and hydromechanical control systems. The Aftermarket Services Group segment engages in the maintenance, repair and overhaul services and supplies spare parts for the commercial and military aviation industry and provides services to world’s airline and air cargo carrier customers. The company was founded by Richard C. Ill in 1993 and is headquartered in Berwyn, PA.