Triumph Group (NYSE:TGI) Price Target Raised to $21.00 at Barclays

Triumph Group (NYSE:TGI) had its price target raised by equities research analysts at Barclays from $16.00 to $21.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the aerospace company’s stock. Barclays‘s price target indicates a potential upside of 9.49% from the company’s previous close.

TGI has been the subject of several other research reports. JPMorgan Chase & Co. lowered shares of Triumph Group from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $15.00 to $12.00 in a research report on Monday, October 14th. Truist Financial upped their price target on shares of Triumph Group from $12.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group lowered shares of Triumph Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $19.00 to $15.00 in a research report on Tuesday, August 13th. TD Cowen boosted their price objective on Triumph Group from $14.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Finally, StockNews.com downgraded Triumph Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $16.67.

Triumph Group Stock Performance

NYSE TGI opened at $19.18 on Tuesday. The stock has a 50-day moving average of $14.56 and a 200 day moving average of $14.67. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 2.82 and a beta of 2.48. Triumph Group has a one year low of $10.57 and a one year high of $19.71.

Institutional Trading of Triumph Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its position in shares of Triumph Group by 6.1% during the 1st quarter. Russell Investments Group Ltd. now owns 53,118 shares of the aerospace company’s stock worth $799,000 after buying an additional 3,066 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Triumph Group by 7.2% in the first quarter. ProShare Advisors LLC now owns 13,263 shares of the aerospace company’s stock worth $199,000 after purchasing an additional 892 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Triumph Group by 32.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 24,309 shares of the aerospace company’s stock worth $366,000 after purchasing an additional 5,910 shares during the last quarter. Blair William & Co. IL purchased a new position in shares of Triumph Group in the first quarter worth about $173,000. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Triumph Group by 9.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 69,298 shares of the aerospace company’s stock worth $1,042,000 after purchasing an additional 6,103 shares during the last quarter. Hedge funds and other institutional investors 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.