At the time of writing, Triumph Group Inc. [TGI] stock is trading at $14.91, up 5.52%. An important factor to consider is whether the stock is rising or falling in short-term value. The TGI shares have gain 5.97% over the last week, with a monthly amount drifted -9.14%, and not seem to be holding up well over a long-time horizon.
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On 1, March 2024, TRIUMPH COMPLETES SALE OF PRODUCT SUPPORT BUSINESS TO AAR. In a post published today on Yahoo Finance, Triumph Group, Inc. (NYSE: TGI) (“TRIUMPH” or the “Company”) announced today that it has completed the sale of its Product Support business to AAR CORP. (NYSE: AIR). The transaction is valued at $725 million, and the net after-tax proceeds are expected to be approximately $700 million, which will primarily be used for debt reduction.
From an analyst’s perspective:
Triumph Group Inc. [NYSE: TGI] stock has seen the most recent analyst activity on January 25, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $21 from $9. Previously, Robert W. Baird upgraded its rating to Outperform on January 16, 2024, and elevated its price target to $20. On January 05, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $20 on the stock. TD Cowen upgraded its rating to a Outperform and increased its price target to $14 on November 09, 2023. BofA Securities downgraded its rating to a Underperform and reduced its price target to $8 on August 11, 2023. Wolfe Research upgraded its rating to Peer Perform for this stock on August 03, 2023. In a note dated January 06, 2023, Robert W. Baird downgraded an Neutral rating on this stock and revised its target price from $20 to $11.
For the past year, the stock price of Triumph Group Inc. fluctuated between $7.00 and $17.27. Currently, Wall Street analysts expect the stock to reach $20.67 within the next 12 months. Triumph Group Inc. [NYSE: TGI] shares were valued at $14.91 at the most recent close of the market. An investor can expect a potential return of 38.63% based on the average TGI price forecast.
Analyzing the TGI fundamentals
According to Triumph Group Inc. [NYSE:TGI], the company’s sales were 1.36B for trailing twelve months, which represents an -13.35% plunge. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is 0.07 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -2.43.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.34 points at the first support level, and at 13.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.20, and for the 2nd resistance point, it is at 15.49.
Triumph Group Inc. [TGI] reported earnings per share of -$0.16 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.14/share, meaning a difference of -$0.3 and a surprise factor of -214.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.01 per share as compared to estimates of -$0.01 per share, a difference of $0.02 representing a surprise of 200.00%.
Ratios To Look Out For
It is important to note that Triumph Group Inc. [NYSE:TGI] has a current ratio of 2.66. On the other hand, the Quick Ratio is 1.65, and the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 0.84.
Transactions by insiders
Recent insider trading involved Keating Neal J, Director, that happened on Feb 09 ’24 when 7200.0 shares were purchased. VP, IR, M&A & Treasurer, Quigley Thomas A. III completed a deal on Sep 08 ’23 to buy 2500.0 shares. Meanwhile, Director Keating Neal J bought 10000.0 shares on Aug 15 ’23.
