Truist Financial Issues Positive Forecast for Triumph Group (NYSE:TGI) Stock Price

Triumph Group (NYSE:TGI) had its price objective upped by analysts at Truist Financial from $18.00 to $19.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the aerospace company’s stock. Truist Financial’s price target indicates a potential upside of 0.74% from the stock’s previous close.

TGI has been the subject of a number of other research reports. JPMorgan Chase & Co. downgraded Triumph Group from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $15.00 to $12.00 in a research report on Monday, October 14th. StockNews.com raised Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Bank of America lowered shares of Triumph Group from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. TD Cowen upgraded Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Finally, Barclays upped their target price on shares of Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.78.

Triumph Group Stock Performance

NYSE:TGI opened at $18.86 on Tuesday. The stock has a fifty day moving average price of $18.43 and a two-hundred day moving average price of $15.80. Triumph Group has a 1 year low of $11.01 and a 1 year high of $19.71. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 2.77 and a beta of 2.53.

Institutional Investors Weigh In On Triumph Group

A number of institutional investors have recently bought and sold shares of TGI. Quest Partners LLC acquired a new stake in Triumph Group in the second quarter valued at approximately $41,000. Canada Pension Plan Investment Board acquired a new position in shares of Triumph Group during the second quarter worth approximately $125,000. International Assets Investment Management LLC boosted its position in shares of Triumph Group by 1,189.0% in the third quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock valued at $133,000 after acquiring an additional 9,512 shares during the period. Centiva Capital LP acquired a new position in Triumph Group during the 3rd quarter valued at $255,000. Finally, Intech Investment Management LLC acquired a new stake in Triumph Group in the 2nd quarter worth $326,000. 94.53% of the stock is currently owned by institutional investors and hedge funds.

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.