Triumph Group (NYSE:TGI) Given New $20.00 Price Target at TD Cowen

Triumph Group (NYSE:TGI) had its price target raised by TD Cowen from $14.00 to $20.00 in a research note released on Wednesday,Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

Several other research firms have also recently weighed in on TGI. Barclays cut their price target on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Jefferies Financial Group reaffirmed a “hold” rating and set a $14.00 target price (down previously from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. Bank of America downgraded shares of Triumph Group from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $17.00 to $12.00 in a research note on Tuesday, September 24th. JPMorgan Chase & Co. cut Triumph Group from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $15.00 to $12.00 in a research report on Monday, October 14th. Finally, Truist Financial lifted their price target on Triumph Group from $12.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Triumph Group currently has a consensus rating of “Hold” and an average target price of $16.11.

Triumph Group Stock Performance

NYSE TGI opened at $18.30 on Wednesday. The stock has a market cap of $1.42 billion, a P/E ratio of 2.69 and a beta of 2.48. Triumph Group has a fifty-two week low of $10.45 and a fifty-two week high of $19.71. The stock has a 50 day simple moving average of $14.02 and a two-hundred day simple moving average of $14.50.

Institutional Trading of Triumph Group

A number of institutional investors and hedge funds have recently bought and sold shares of TGI. Headlands Technologies LLC purchased a new stake in shares of Triumph Group during the first quarter valued at approximately $35,000. Quest Partners LLC bought a new stake in shares of Triumph Group in the 2nd quarter worth $41,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Triumph Group in the first quarter worth $56,000. Lazard Asset Management LLC lifted its holdings in shares of Triumph Group by 98.3% during the first 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 in the last quarter. Finally, CWM LLC boosted its position in shares of Triumph Group by 473.7% during the second 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 during the last quarter. 94.53% of the stock is currently 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.