Barclays Issues Positive Forecast for Triumph Group (NYSE:TGI) Stock Price

Triumph Group (NYSE:TGI) had its price target upped by equities research analysts at Barclays from $16.00 to $21.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the aerospace company’s stock. Barclays‘s price objective would suggest a potential upside of 12.12% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. TD Cowen upped their price objective on shares of Triumph Group from $14.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Jefferies Financial Group reissued a “hold” rating and issued a $14.00 price objective (down from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. StockNews.com downgraded shares of Triumph Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. Bank of America downgraded Triumph Group from a “buy” rating to an “underperform” rating and lowered their price target for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. downgraded 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 note on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $16.67.

Triumph Group Trading Up 1.2 %

NYSE TGI traded up $0.23 during trading on Tuesday, reaching $18.73. The company’s stock had a trading volume of 111,139 shares, compared to its average volume of 876,484. The business has a 50-day moving average price of $14.32 and a 200-day moving average price of $14.61. Triumph Group has a 1-year low of $10.57 and a 1-year high of $19.71. The stock has a market capitalization of $1.45 billion, a PE ratio of 2.75 and a beta of 2.48.

Institutional Trading of Triumph Group

Several institutional investors have recently modified their holdings of TGI. State Street Corp raised its stake in shares of Triumph Group by 7.8% in the third 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 in the last quarter. Geode Capital Management LLC increased its holdings in Triumph Group by 8.1% in 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 buying an additional 129,391 shares during the period. Fisher Asset Management LLC raised its stake in shares of Triumph Group by 0.3% in the 3rd quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock valued at $20,012,000 after buying an additional 5,377 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Triumph Group by 12.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company’s stock worth $23,372,000 after acquiring an additional 168,607 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Triumph Group by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,841 shares of the aerospace company’s stock worth $16,254,000 after acquiring an additional 116,900 shares during the period. 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.