Triumph Group Gets A Double Downgrade On Looming Production Uncertainty
Triumph Group Gets A Double Downgrade On Looming Production Uncertainty
Triumph Group Inc (NYSE:TGI) received a downgrade last month from a Truist Securities analyst.
Triumph Group Inc (紐交所:TGI) 上個月收到了Truist Securities分析師的評級下調。
While the company's transformation efforts have resulted in a "leaner, more focused portfolio," this is being overshadowed by the "uncertain aircraft production rates" of Boeing Co (NYSE:BA) and Airbus SE (OTC:EADSY), according to BofA Securities.
儘管該公司的轉型努力已經實現了"更精簡、更專注的投資組合"，但據美銀證券表示，這被波音公司(紐交所:BA)和空中客車集團(adr)(場外交易:EADSY)的"不確定的飛機生產率"所掩蓋。
Analyst Ronald Epstein downgraded the rating for Triumph Group from Buy to Underperform, while reducing the price target from $17 to $12.
分析師羅納德·愛潑斯坦將Triumph Group的評級從買入調降至表現不佳，同時將價格目標從17美元降至12美元。
The Triumph Group Thesis: The Installations segment is producing 13 per month, significantly below the rate required for margin expansion, while Composites and Cabin Components are producing 30 per month, which has downside risk, Epstein said in the downgrade note.
Triumph Group論點：安裝部門的產量爲每月13個，明顯低於擴大利潤空間所需的速度，而複合材料和機艙元件的產量爲每月30個，存在下行風險，愛潑斯坦在減持通知中指出。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
As the company's working capital needs grow, there would be risks to free cash flow generation, along with margin headwinds, he added.
隨着公司營運資本需求增加，將會對自由現金流的產生和利潤率造成風險，他補充道。
While Triumph Group is ramping production and the inventory is being accepted by Boeing and Airbus, "we are concerned any further production cuts could lead to destocking," the analyst stated. "The destocking would compound existing FCF headwinds from the V-22 program sunsetting, OEM deferrals, inflation, and supply-chain shortages," he further wrote.
雖然Triumph Group正在加大生產力，庫存正在被波音和空中客車接受，"我們擔心任何進一步的生產削減可能導致去庫存，"分析師表示。"去庫存將使現有的來自V-22項目退出、原始設備製造商延期、通貨膨脹和供應鏈短缺的自由現金流風險進一步惡化，"他進一步寫道。
TGI Price Action: Shares of Triumph Group had declined by 5.35% to $12.83 at the time of publication on Tuesday.
截至週二發表時，Triumph Group的股價下跌了5.35%，至12.83美元。
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波音罷工工人拒絕了"最優和最終"報價："...在許多方面沒有達到預期"
Photo: Pixabay
照片：Pixabay
譯文內容由第三人軟體翻譯。