Triumph Group (NYSE:TGI) Stock Price Expected to Rise, TD Cowen Analyst Says

Triumph Group (NYSE:TGI) had its target price lifted by equities researchers at TD Cowen from $14.00 to $20.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the aerospace company’s stock. TD Cowen’s price target suggests a potential upside of 12.04% from the company’s previous close.

A number of other research firms have also recently issued reports on TGI. Jefferies Financial Group reiterated a “hold” rating and issued a $14.00 target price (down previously from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. Truist Financial lifted their price target on shares of Triumph Group from $12.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday. The Goldman Sachs Group downgraded shares of Triumph Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $19.00 to $15.00 in a research note on Tuesday, August 13th. Barclays decreased their target price on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Finally, Bank of America cut Triumph Group from a “buy” rating to an “underperform” rating and dropped their price target for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Triumph Group presently has a consensus rating of “Hold” and an average target price of $16.11.

Triumph Group Stock Performance

Shares of TGI stock opened at $17.85 on Wednesday. Triumph Group has a fifty-two week low of $10.45 and a fifty-two week high of $19.71. The stock’s fifty day moving average price is $14.12 and its two-hundred day moving average price is $14.52. The company has a market cap of $1.38 billion, a PE ratio of 2.62 and a beta of 2.48.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Triumph Group in the 1st quarter valued at about $13,542,000. Assenagon Asset Management S.A. lifted its stake in shares of Triumph Group by 140.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,031,717 shares of the aerospace company’s stock worth $13,299,000 after acquiring an additional 603,067 shares during the period. Kennedy Capital Management LLC boosted its holdings in Triumph Group by 199.6% in the first quarter. Kennedy Capital Management LLC now owns 450,918 shares of the aerospace company’s stock valued at $6,782,000 after acquiring an additional 300,407 shares during the last quarter. Marshall Wace LLP boosted its holdings in Triumph Group by 318.2% in the second quarter. Marshall Wace LLP now owns 324,778 shares of the aerospace company’s stock valued at $5,005,000 after acquiring an additional 247,117 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Triumph Group by 85,638.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 187,768 shares of the aerospace company’s stock valued at $2,894,000 after purchasing an additional 187,549 shares during the period. 94.53% of the stock is owned by institutional investors.

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.