TD Cowen Forecasts Strong Price Appreciation for Triumph Group (NYSE:TGI) Stock

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

Several other research firms have also commented on TGI. Jefferies Financial Group reiterated a “hold” rating and issued a $14.00 price target (down from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. Truist Financial increased their target price on Triumph Group from $12.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. cut 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 report on Monday, October 14th. Bank of America lowered Triumph Group from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. Finally, StockNews.com downgraded shares of Triumph Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.11.

Triumph Group Stock Up 0.7 %

NYSE:TGI opened at $17.98 on Wednesday. Triumph Group has a 52-week low of $10.45 and a 52-week high of $19.71. The stock has a fifty day simple moving average of $14.22 and a 200-day simple moving average of $14.56. The company has a market capitalization of $1.39 billion, a PE ratio of 2.64 and a beta of 2.48.

Institutional Investors Weigh In On Triumph Group

A number of institutional investors have recently bought and sold shares of TGI. Headlands Technologies LLC acquired a new stake in shares of Triumph Group during the 1st quarter worth $35,000. Quest Partners LLC acquired a new stake in Triumph Group during the 2nd quarter worth approximately $41,000. DekaBank Deutsche Girozentrale purchased a new position in Triumph Group in the first quarter valued at approximately $56,000. Lazard Asset Management LLC lifted its position in Triumph Group by 98.3% during the first quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock valued at $58,000 after buying an additional 1,922 shares in the last quarter. Finally, CWM LLC grew its stake 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 during the period. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Triumph Group Company Profile

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.