Triumph Group (NYSE:TGI) Price Target Raised to $18.00

Triumph Group (NYSE:TGI) had its price objective raised by Truist Financial from $12.00 to $18.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

TGI has been the topic of several other reports. Bank of America cut Triumph Group from a “buy” rating to an “underperform” rating and decreased their price target for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. Jefferies Financial Group reaffirmed a “hold” rating and set a $14.00 target price (down previously from $20.00) on shares of Triumph Group in a report on Monday, August 12th. JPMorgan Chase & Co. downgraded shares of Triumph Group from a “neutral” rating to an “underweight” rating and cut their price target for the company from $15.00 to $12.00 in a report on Monday, October 14th. Barclays decreased their price target on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Finally, The Goldman Sachs Group lowered Triumph Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $19.00 to $15.00 in a research note on Tuesday, August 13th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.11.

Triumph Group Stock Performance

Shares of NYSE TGI opened at $17.99 on Wednesday. Triumph Group has a fifty-two week low of $10.45 and a fifty-two week high of $19.71. The stock has a market cap of $1.39 billion, a PE ratio of 2.64 and a beta of 2.48. The stock has a fifty day moving average of $14.22 and a 200-day moving average of $14.55.

Institutional Investors Weigh In On Triumph Group

Large investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of Triumph Group in the 1st quarter worth about $35,000. Quest Partners LLC purchased a new stake in Triumph Group in the second quarter worth approximately $41,000. DekaBank Deutsche Girozentrale bought a new position in Triumph Group during the first quarter valued at approximately $56,000. Lazard Asset Management LLC raised its stake in shares of Triumph Group by 98.3% during the first quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 1,922 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Triumph Group by 473.7% in the 2nd quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock worth $79,000 after acquiring an additional 4,249 shares during the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.

About Triumph Group

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aircraft, aircraft components, accessories, subassemblies, and systems worldwide. It operates in two segments, Triumph Systems & Support, and Triumph Interiors. The company offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, control system valve bodies, landing gear actuation systems, electronic engine controls, landing gear components and assemblies, cyber protected process controllers, main engine gearbox assemblies, geared transmissions and drive train components, main fuel pumps, fuel-metering units, primary and secondary flight control systems, and vibration absorbers.