In a report released yesterday, Kenneth Herbert from Canaccord Genuity maintained a Hold rating on Triumph Group (TGI), with a price target of $8.00. The company’s shares closed last Wednesday at $7.22, close to its 52-week low of $3.02.
According to TipRanks.com, Herbert is a 5-star analyst with an average return of 18.0% and a 69.6% success rate. Herbert covers the Technology sector, focusing on stocks such as Rada Electronics Industries, Aerojet Rocketdyne Holdings, and CPI Aerostructures.
Triumph Group has an analyst consensus of Hold, with a price target consensus of $10.83, a 61.6% upside from current levels. In a report released yesterday, Cowen & Co. also maintained a Hold rating on the stock with a $5.00 price target.
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The company has a one-year high of $29.38 and a one-year low of $3.02. Currently, Triumph Group has an average volume of 2.44M.
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Triumph Group, Inc. engages in the designing, engineering, manufacturing, repairing and overhauling of aerospace and defense systems, components and structures. It operates through the following three segments: Triumph Integrated Systems, Triumph Aerospace Structures and Triumph Product Support. The Triumph Integrated Systems segment engages in designing, development and supporting proprietary components, subsystems and systems, as well as production of complex assemblies using external designs. The Triumph Aerospace Structures segment engages in supplying of commercial, business, regional and military manufacturers with large metallic and composite structures and produce close-tolerance parts. The Triumph Product Support segment provides full life cycle solutions for commercial, regional and military aircraft. The company was founded by Richard C. Ill in 1993 and is headquartered in Berwyn, PA.