Triumph Group (NYSE:TGI) Given New $18.00 Price Target at Truist Financial

Triumph Group (NYSE:TGI) had its price target 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 indicates a potential downside of 3.90% from the stock’s previous close.

TGI has been the subject of several other research reports. Jefferies Financial Group restated a “hold” rating and issued a $14.00 price target (down previously from $20.00) on shares of Triumph Group in a report on Monday, August 12th. Bank of America lowered Triumph Group from a “buy” rating to an “underperform” rating and lowered their target price for the stock 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 research report on Tuesday. Barclays dropped their price objective on Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Finally, JPMorgan Chase & Co. downgraded shares of Triumph Group from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $15.00 to $12.00 in a report on Monday, October 14th. Three equities 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.com, the company has a consensus rating of “Hold” and an average price target of $15.44.

Triumph Group Price Performance

Shares of TGI stock traded up $0.02 during mid-day trading on Wednesday, hitting $18.73. The stock had a trading volume of 701,042 shares, compared to its average volume of 876,322. The firm’s 50-day moving average is $13.92 and its two-hundred day moving average is $14.47. The firm has a market capitalization of $1.45 billion, a P/E ratio of 2.77 and a beta of 2.48. Triumph Group has a 12-month low of $10.45 and a 12-month high of $19.71.

Institutional Trading of Triumph Group

Large investors have recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new stake in Triumph Group during the 1st quarter valued at about $35,000. Quest Partners LLC acquired a new stake in shares of Triumph Group during the second quarter worth about $41,000. DekaBank Deutsche Girozentrale purchased a new stake in Triumph Group in the first quarter valued at approximately $56,000. Lazard Asset Management LLC increased its holdings 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 worth $58,000 after buying an additional 1,922 shares during the period. Finally, CWM LLC lifted its stake in Triumph Group by 473.7% during the 2nd quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock valued at $79,000 after acquiring an additional 4,249 shares during the period. Hedge funds and other institutional investors own 94.53% of the company’s stock.

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.