Truist Financial Boosts Triumph Group (NYSE:TGI) Price Target to $19.00

Triumph Group (NYSE:TGI) had its target price boosted by stock analysts at Truist Financial from $18.00 to $19.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the aerospace company’s stock. Truist Financial’s price objective indicates a potential upside of 1.33% from the company’s previous close.

A number of other research firms also recently weighed in on TGI. TD Cowen upgraded Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Bank of America downgraded Triumph Group from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. StockNews.com raised Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. lowered Triumph Group from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $15.00 to $12.00 in a research report on Monday, October 14th. Finally, Barclays lifted their price target on shares of Triumph Group from $16.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Triumph Group presently has an average rating of “Hold” and a consensus price target of $16.78.

Triumph Group Stock Performance

Shares of NYSE:TGI traded up $0.29 on Tuesday, hitting $18.75. The company’s stock had a trading volume of 28,978 shares, compared to its average volume of 400,084. Triumph Group has a 12 month low of $11.01 and a 12 month high of $19.71. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 2.75 and a beta of 2.53. The stock’s 50-day moving average is $18.34 and its two-hundred day moving average is $15.78.

Institutional Trading of Triumph Group

Several hedge funds have recently made changes to their positions in TGI. Quest Partners LLC acquired a new stake in Triumph Group in the second quarter valued at $41,000. Canada Pension Plan Investment Board acquired a new stake in Triumph Group in the 2nd quarter worth $125,000. International Assets Investment Management LLC increased its stake in Triumph Group by 1,189.0% in the third quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock valued at $133,000 after acquiring an additional 9,512 shares during the period. Centiva Capital LP bought a new stake in Triumph Group during the third quarter worth about $255,000. Finally, Intech Investment Management LLC acquired a new position in Triumph Group in the second quarter valued at approximately $326,000. Institutional investors and hedge funds 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.