In a report released today, Noah Poponak from Goldman Sachs maintained a Hold rating on Triumph Group (TGI – Research Report), with a price target of $12.00. The company’s shares opened today at $9.96.
According to TipRanks, Poponak is a 4-star analyst with an average return of 5.1% and a 54.00% success rate. Poponak covers the Technology sector, focusing on stocks such as Lockheed Martin, Northrop, and Huntington Ingalls.
In addition to Goldman Sachs, Triumph Group also received a Hold from Robert W. Baird’s Peter Arment in a report issued on January 6. However, on January 9, Truist Financial maintained a Buy rating on Triumph Group (NYSE: TGI).
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Based on Triumph Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $307.6 million and a net profit of $106.53 million. In comparison, last year the company earned a revenue of $357.4 million and had a GAAP net loss of $9.07 million
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Triumph Group, Inc. engages in the designing, engineering, manufacturing, repairing and overhauling of aerospace and defense systems, components and structures. It operates through the following three segments: Triumph Integrated Systems, Triumph Aerospace Structures and Triumph Product Support. The Triumph Integrated Systems segment engages in designing, development and supporting proprietary components, subsystems and systems, as well as production of complex assemblies using external designs. The Triumph Aerospace Structures segment engages in supplying of commercial, business, regional and military manufacturers with large metallic and composite structures and produce close-tolerance parts. The Triumph Product Support segment provides full life cycle solutions for commercial, regional and military aircraft. The company was founded by Richard C. Ill in 1993 and is headquartered in Berwyn, PA.
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