Triumph Group, Inc. (NYSE:TGI) Receives Consensus Rating of “Hold” from Analysts

Triumph Group, Inc. (NYSE:TGI) has received an average recommendation of “Hold” from the nine research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $16.67.

A number of brokerages recently issued reports on TGI. JPMorgan Chase & Co. cut Triumph Group from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $15.00 to $12.00 in a report on Monday, October 14th. Barclays lifted their price objective on shares of Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $14.00 price target (down previously from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. Truist Financial increased their price objective on Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group cut Triumph Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $19.00 to $15.00 in a research report on Tuesday, August 13th.

Institutional Investors Weigh In On Triumph Group

A number of hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new stake in Triumph Group during the first quarter worth about $35,000. Quest Partners LLC bought a new position in shares of Triumph Group during the 2nd quarter valued at approximately $41,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Triumph Group during the 1st quarter worth approximately $56,000. Lazard Asset Management LLC raised its holdings in shares of 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 purchasing an additional 1,922 shares during the period. Finally, CWM LLC lifted its stake in Triumph Group by 473.7% in the second quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock valued at $79,000 after purchasing an additional 4,249 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors.

Triumph Group Stock Performance

TGI stock opened at $19.27 on Friday. Triumph Group has a fifty-two week low of $10.65 and a fifty-two week high of $19.71. The stock’s 50 day simple moving average is $14.79 and its 200 day simple moving average is $14.74. The company has a market cap of $1.49 billion, a P/E ratio of 2.83 and a beta of 2.48.

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.