Set Your Sights On Triumph Group Inc. (NYSE: TGI)’S Upside Potential

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GLBE Stock

T. Rowe Price Associates, Inc. (I.. has recently announced that it has increased stake in Triumph Group Inc. (NYSE:TGI) by 0.43%. After grabbing 7.19 million shares, the institutional investor is now in possession of 30847.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 13.85% having worth around $48.74 million. Moreover, SSgA Funds Management, Inc. increased its share by 1.32 million to have a control over 4.04 million shares. And Renaissance Technologies LLC raised its holdings to 0.69 million shares by acquiring 1.95 million shares or 3.76% of the stake.

Triumph Group Inc. (TGI) concluded trading on 08/27/20 at a closing price of $7.22, with 1.2 million shares of worth about $8.65 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 3.88% during that period and on Thursday the price saw a gain of about 2.41%. Currently the company’s common shares owned by public are about 51.86M shares, out of which, 51.21M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 11 analyst is covering the TGI stock and their offered price forecasts bring an average price target of $7.45. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $18.00 and could fall to a lowest price of $2.00. Analysts also issued an outlook of 3.30 for the Triumph Group Inc. stock for next 12 months. The stock’s current price level is 3.09% above of average price target set by the analysts, while a rise to estimated low would result in loss of -261.0 for the stock. However, touching the estimated high of $18.00 would mean a gain of 59.89% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 54 times over the past 12 months. They bought 238,836 shares in 35 of the transactions. In 19 selling transactions, insiders dumped 35,485 shares.

T Rowe Price Small Cap Value Fund, iShares Core S&P Small Cap ETF, and SPDR S&P Aerospace & Defense ETF are the top 3 mutual funds which are holding stakes in Triumph Group Inc. T Rowe Price Small Cap Value Fund is currently holding 4.6 million shares of worth totaling $31.19 million. The company recently came selling 25200.0 shares which brought its stake up to 8.86% of the company’s outstanding shares. iShares Core S&P Small Cap ETF bought 1792.0 shares, after which its hold over company’s outstanding shares expand to 5.80%, leaving 3.01 million shares with the mutual fund that have a worth of about $20.4 million. SPDR S&P Aerospace & Defense ETF, after buying 2.27 million shares, have now control over 4.37% of the stake in the company. It holds 0.0 shares of worth $15.36 million.

Triumph Group Inc. (NYSE: TGI) started trading at $7.13, above $0.08 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $7.22, or with a gain of 2.41%. Stock saw a price change of 3.88% in past 5 days and over the past one month there was a price change of 3.88%. Year-to-date (YTD), TGI shares are showing a performance of -71.43% which decreased to -65.10% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.02 but also hit the highest price of $29.38 during that period. While comparing its average daily trading volume of 2.47 million shares, we see that about 1.2 million changed hands on the day. The stock is currently trading 0.33% above its 20-day simple moving average (SMA20), while that difference is down -8.93% for SMA50 and it goes to -49.71% lower than SMA200.

T. Rowe Price Associates, Inc. (I.. acquired 7.19 million shares of Triumph Group Inc. having value of about $48.74 million. Data submitted at the U.S SEC by T. Rowe Price Associates, Inc. (I.. revealed that the firm now holds 30847.0 shares in the company valued at close to $222715.34, or have control over 0.43% stake in the company. Triumph Group Inc. (NYSE: TGI) currently have 51.86M outstanding shares and institutions hold larger chunk of about 86.90% of that. Holding of mutual funds in the company is about 4.31% while other institutional holders and individual stake holders have control over 50.87% and 35.51% of the stake respectively.

The stock has a current market capitalization of $390.60M and its 3Y-monthly beta is at 2.67. It has posted earnings per share of -$6.23 in the same period. It has Quick Ratio of 0.90. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TGI, volatility over the week remained 6.19% while standing at 7.88% over the month.

Analysts are in expectations that Triumph Group Inc. (TGI) stock would likely to be making an EPS of -$0.28 in the current quarter, while forecast for next quarter ESPS is -$0.07 and it is $0.46 for next year. For the current quarter EPS, analysts have given the company a lowest target -$1.36 which is -$0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.64 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 91.40% while it is estimated to increase by 197.90% in next year. EPS is likely to grow at an annualized rate of -11.44% for next 5-years, compared to annual growth of -16.20% made by the stock over the past 5-years.

Analysts at 11 brokerage firms have issued recommendations for the Triumph Group Inc. (TGI)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.30. Out of those 11 Wall Street analysts, 1 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 3 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on August 12, 2020 offering an Underweight rating for the stock and assigned a target price range of between $10 and $8 to it. Coverage by SunTrust stated Triumph Group Inc. (TGI) stock as a Sell in their note to investors on July 15, 2020, suggesting a price target of $5 for the stock. On March 20, 2020, BofA/Merrill Downgrade their recommendations, while on August 23, 2019, Barclays Downgrade their ratings for the stock with a price target of $20. Stock get a Buy rating from BofA/Merrill on February 11, 2019.


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