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

Triumph Group (NYSE:TGI) had its target price upped by research analysts at Truist Financial from $12.00 to $18.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the aerospace company’s stock. Truist Financial’s target price would suggest a potential downside of 3.90% from the stock’s current price.

Several other research firms have also recently commented on TGI. JPMorgan Chase & Co. cut Triumph Group from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $15.00 to $12.00 in a research report on Monday, October 14th. Jefferies Financial Group restated a “hold” rating and issued a $14.00 target price (down previously from $20.00) on shares of Triumph Group in a report on Monday, August 12th. Bank of America cut Triumph Group from a “buy” rating to an “underperform” rating and lowered their price target for the company from $17.00 to $12.00 in a report on Tuesday, September 24th. StockNews.com lowered Triumph Group from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, The Goldman Sachs Group downgraded Triumph Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $19.00 to $15.00 in a report on Tuesday, August 13th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Triumph Group currently has a consensus rating of “Hold” and an average target price of $15.44.

Triumph Group Price Performance

TGI stock traded up $0.02 during trading on Wednesday, hitting $18.73. 701,042 shares of the stock traded hands, compared to its average volume of 876,322. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 2.77 and a beta of 2.48. Triumph Group has a 1 year low of $10.45 and a 1 year high of $19.71. The firm’s 50 day moving average is $13.92 and its two-hundred day moving average is $14.47.

Institutional Investors Weigh In On Triumph Group

Several large investors have recently bought and sold shares of TGI. Headlands Technologies LLC bought a new position in Triumph Group during the first quarter valued at $35,000. Quest Partners LLC bought a new stake in shares of Triumph Group during the 2nd quarter worth approximately $41,000. DekaBank Deutsche Girozentrale purchased a new position in Triumph Group during the 1st quarter valued at $56,000. Lazard Asset Management LLC grew its position in 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 acquiring an additional 1,922 shares during the last quarter. Finally, CWM LLC lifted its position in shares of 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 purchasing an additional 4,249 shares during the last quarter. 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.