Triumph Group, Inc. (NYSE:TGI) Receives Consensus Recommendation of “Hold” from Analysts

Triumph Group, Inc. (NYSE:TGI) has been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $16.67.

TGI has been the subject of a number of analyst reports. Barclays raised their price objective 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. JPMorgan Chase & Co. cut shares of Triumph Group from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $15.00 to $12.00 in a research note on Monday, October 14th. StockNews.com upgraded Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. TD Cowen upgraded Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Finally, Bank of America lowered Triumph Group from a “buy” rating to an “underperform” rating and decreased their price target for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th.

Triumph Group Trading Down 1.5 %

Shares of NYSE TGI opened at $18.35 on Monday. Triumph Group has a one year low of $11.01 and a one year high of $19.71. The business has a fifty day simple moving average of $18.25 and a 200 day simple moving average of $15.76. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 2.69 and a beta of 2.53.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Quest Partners LLC bought a new stake in Triumph Group during the 2nd quarter worth about $41,000. Canada Pension Plan Investment Board bought a new stake in shares of Triumph Group during the second quarter valued at approximately $125,000. International Assets Investment Management LLC increased its holdings in shares of 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 purchasing an additional 9,512 shares in the last quarter. Centiva Capital LP bought a new position in Triumph Group in the 3rd quarter worth approximately $255,000. Finally, Intech Investment Management LLC acquired a new position in Triumph Group during the 2nd quarter worth $326,000. 94.53% of the stock is owned by institutional investors.

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.