Triumph Group, Inc. (NYSE:TGI) Receives $16.67 Average Price Target from Brokerages

Triumph Group, Inc. (NYSE:TGI) has been given a consensus rating of “Hold” by the nine brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $16.67.

A number of research firms have recently commented on TGI. Truist Financial increased their target price on Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. downgraded shares of Triumph Group from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $15.00 to $12.00 in a research report on Monday, October 14th. TD Cowen raised shares of Triumph Group to a “hold” rating in a report on Thursday, December 19th. Bank of America downgraded shares of Triumph Group from a “buy” rating to an “underperform” rating and reduced their price target for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. Finally, Barclays boosted their price target on Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th.

Triumph Group Stock Down 0.4 %

Triumph Group stock opened at $18.65 on Monday. Triumph Group has a twelve month low of $11.01 and a twelve month high of $19.71. The company has a market capitalization of $1.44 billion, a P/E ratio of 2.74 and a beta of 2.53. The stock’s 50 day moving average is $18.06 and its 200 day moving average is $15.71.

Institutional Trading of Triumph Group

Several large investors have recently added to or reduced their stakes in TGI. Quest Partners LLC purchased a new position in Triumph Group during the second quarter valued at approximately $41,000. Canada Pension Plan Investment Board bought a new position in Triumph Group in the 2nd quarter worth $125,000. International Assets Investment Management LLC increased its stake in Triumph Group by 1,189.0% in the 3rd quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock worth $133,000 after buying an additional 9,512 shares in the last quarter. Centiva Capital LP bought a new stake in Triumph Group during the third quarter valued at about $255,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Triumph Group during the second quarter worth about $326,000. 94.53% of the stock is currently owned by institutional investors.

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.