Triumph Group (TGI) Receives Price Target

Triumph Group (TGI) : The most positive equity analysts on Triumph Group (TGI) expects the shares to touch $45, whereas, the least positive believes that the stock will trade at $34 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $39.2 with an expected fluctuation of $5.07 from the mean.

Triumph Group (TGI) : 6 analysts are covering Triumph Group (TGI) and their average rating on the stock is 1.33, which is read as a Strong Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, In a research note released to the investors, Jefferies maintains its rating on Triumph Group (NYSE:TGI).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Jefferies lowers the new price target from $54 per share to $44 per share. The rating by the firm was issued on July 29, 2016.

Triumph Group (NYSE:TGI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.87 and $31.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.17, notching a gain of 0.97% for the day. The total traded volume was 334,210 . The stock had closed at $31.86 on the previous day.

Triumph Group, Inc. (Triumph) designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. It serves the aviation industry, including original equipment manufacturers (OEMs), of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers. The Company operates in three segments: Triumph Aerostructures Group, engaged in the design, manufacture and building of metallic and composite aerostructures and structural components; Triumph Aerospace Systems Group, engaged in the design and engineering of mechanical, electromechanical, hydraulic and hydromechanical control systems, and Triumph Aftermarket Services Group, which performs maintenance, repair and overhaul services (MRO) and supplies spare parts for the commercial and military aviation industry and services airline and air cargo carrier customers.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.