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

Triumph Group (NYSE:TGI - Free Report) had its price objective boosted by Barclays from $16.00 to $21.00 in a report issued on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the aerospace company's stock.

Several other research analysts have also commented on the company. TD Cowen raised their price target on Triumph Group from $14.00 to $20.00 and gave the stock a "hold" rating in a research report on Wednesday, November 13th. Bank of America lowered Triumph Group from a "buy" rating to an "underperform" rating and decreased their target price for the company from $17.00 to $12.00 in a report on Tuesday, September 24th. StockNews.com lowered Triumph Group from a "hold" rating to a "sell" rating in a report on Tuesday, November 12th. The Goldman Sachs Group cut Triumph Group from a "buy" rating to a "neutral" rating and cut their price target for the company from $19.00 to $15.00 in a research note on Tuesday, August 13th. Finally, JPMorgan Chase & Co. cut Triumph Group from a "neutral" rating to an "underweight" rating and cut their price target for the company from $15.00 to $12.00 in a research note on Monday, October 14th. Three 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's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $16.67.

Triumph Group Stock Performance

Shares of TGI traded up $0.27 during midday trading on Tuesday, hitting $18.77. 529,985 shares of the stock were exchanged, compared to its average volume of 878,354. Triumph Group has a 52-week low of $10.57 and a 52-week high of $19.71. The stock has a fifty day simple moving average of $14.44 and a 200 day simple moving average of $14.64. The firm has a market cap of $1.45 billion, a P/E ratio of 2.76 and a beta of 2.48.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Old West Investment Management LLC boosted its position in Triumph Group by 1.3% during the 3rd quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company's stock worth $547,000 after purchasing an additional 565 shares during the period. Geode Capital Management LLC boosted its position in Triumph Group by 8.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company's stock worth $22,340,000 after purchasing an additional 129,391 shares during the period. Barclays PLC boosted its position in Triumph Group by 155.8% during the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock worth $1,915,000 after purchasing an additional 90,456 shares during the period. State Street Corp boosted its position in Triumph Group by 7.8% during the 3rd quarter. State Street Corp now owns 4,447,835 shares of the aerospace company's stock worth $57,333,000 after purchasing an additional 322,048 shares during the period. Finally, Janus Henderson Group PLC boosted its position in Triumph Group by 55.9% during the 3rd quarter. Janus Henderson Group PLC now owns 41,092 shares of the aerospace company's stock worth $530,000 after purchasing an additional 14,728 shares during the period. 94.53% of the stock is currently owned by institutional investors and hedge funds.

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.