TD Cowen Issues Positive Forecast for Triumph Group (NYSE:TGI) Stock Price

Triumph Group (NYSE:TGI) had its target price lifted by TD Cowen from $14.00 to $20.00 in a research note published on Wednesday morning,Benzinga reports. TD Cowen currently has a hold rating on the aerospace company’s stock.

Several other research analysts have also commented on the company. The Goldman Sachs Group cut 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. StockNews.com cut shares of Triumph Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. lowered shares of Triumph Group from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $15.00 to $12.00 in a research note on Monday, October 14th. Barclays decreased their price objective on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Finally, Bank of America downgraded Triumph Group from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $17.00 to $12.00 in a research note on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.11.

Triumph Group Stock Performance

Triumph Group stock opened at $17.98 on Wednesday. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 2.64 and a beta of 2.48. The company’s 50 day simple moving average is $14.22 and its 200-day simple moving average is $14.56. Triumph Group has a 1 year low of $10.45 and a 1 year high of $19.71.

Hedge Funds Weigh In On Triumph Group

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