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

Triumph Group (NYSE:TGI) had its price objective increased by Truist Financial from $12.00 to $18.00 in a research report released on Wednesday,Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

A number of other research analysts have also weighed in on TGI. Jefferies Financial Group reiterated a “hold” rating and issued a $14.00 price objective (down from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. Bank of America cut Triumph Group from a “buy” rating to an “underperform” rating and reduced their price target for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. Barclays dropped their price objective on Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. StockNews.com lowered Triumph Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group cut Triumph Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $19.00 to $15.00 in a research report on Tuesday, August 13th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.11.

Triumph Group Stock Up 0.7 %

Shares of NYSE:TGI opened at $17.98 on Wednesday. The firm has a market capitalization of $1.39 billion, a PE ratio of 2.64 and a beta of 2.48. The company has a 50-day moving average price of $14.22 and a two-hundred day moving average price of $14.56. Triumph Group has a twelve month low of $10.45 and a twelve month high of $19.71.

Hedge Funds Weigh In On Triumph Group

A number of hedge funds and other institutional investors have recently bought and sold shares of TGI. Headlands Technologies LLC bought a new stake in shares of Triumph Group during the 1st quarter worth $35,000. Quest Partners LLC bought a new stake in Triumph Group during the second quarter worth about $41,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Triumph Group in the 1st quarter worth about $56,000. Lazard Asset Management LLC increased its position in shares of Triumph Group by 98.3% during the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock valued at $58,000 after purchasing an additional 1,922 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of 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 buying an additional 4,249 shares in the last quarter. 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.