Canaccord Genuity Gives a Hold Rating to Triumph Group

By Austin Angelo

Canaccord Genuity analyst Kenneth Herbert reiterated a Hold rating on Triumph Group (NYSE: TGI) today and set a price target of $30. The company’s shares closed yesterday at $26.

According to TipRanks.com, Herbert is a 4-star analyst with an average return of 6.5% and a 50.9% success rate. Herbert covers the Industrial Goods sector, focusing on stocks such as Transdigm Group Inc, CPI Aerostructures, and Spirit AeroSystems.

Triumph Group has an analyst consensus of Moderate Buy, with a price target consensus of $33.67.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TGI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Triumph Group, Inc. is engaged in the design, engineer, manufacture, repair, overhaul and distribution of aerostructures, aircraft components, accessories, subassemblies and systems. It serves as a spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers. It operates through three segments: Triumph Aerostructures Group, Triumph Aerospace Systems Group, and Triumph Aftermarket Services Group. The Triumph Aerostructures Group segment engages in design, manufacture and build complete metallic and composite aerostructures, and structural components. The Triumph Aerospace Systems Group segment involves in design and engineer mechanical, electromechanical, hydraulic, and hydromechanical control systems. The Aftermarket Services Group segment engages in the maintenance, repair and overhaul services and supplies spare parts for the commercial and military aviation industry and provides services to world’s airline and air cargo carrier customers. The company was founded by Richard C. Ill in 1993 and is headquartered in Berwyn, PA.