Analysts Set Triumph Group, Inc. (NYSE:TGI) Target Price at $16.67

Triumph Group, Inc. (NYSE:TGI) has earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.67.

Several brokerages have issued reports on TGI. Barclays raised their target price on Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. StockNews.com raised Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Truist Financial raised their target price on Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. cut Triumph Group from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. Finally, Bank of America downgraded Triumph Group from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $17.00 to $12.00 in a research note on Tuesday, September 24th.

Triumph Group Stock Performance

Shares of NYSE:TGI opened at $18.93 on Thursday. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 2.78 and a beta of 2.52. The stock’s 50-day simple moving average is $16.71 and its two-hundred day simple moving average is $15.26. Triumph Group has a 52-week low of $11.01 and a 52-week high of $19.71.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TGI. Old West Investment Management LLC raised its stake in Triumph Group by 1.3% during the 3rd quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company’s stock valued at $547,000 after purchasing an additional 565 shares during the period. Geode Capital Management LLC raised its stake in Triumph Group by 8.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock valued at $22,340,000 after purchasing an additional 129,391 shares during the period. Barclays PLC raised its stake in Triumph Group by 155.8% during the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock valued at $1,915,000 after purchasing an additional 90,456 shares during the period. State Street Corp raised its stake in Triumph Group by 7.8% during the 3rd quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock valued at $57,333,000 after purchasing an additional 322,048 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Triumph Group by 55.9% during the 3rd quarter. Janus Henderson Group PLC now owns 41,092 shares of the aerospace company’s stock valued at $530,000 after purchasing an additional 14,728 shares during the period. 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.