RBC Capital Thinks Triumph Group’s Stock is Going to Recover

By Ryan Adsit

In a report released today, Matthew W. McConnell from RBC Capital reiterated a Buy rating on Triumph Group (NYSE: TGI), with a price target of $35. The company’s shares opened today at $22.95, close to its 52-week low of $19.65.

According to TipRanks.com, McConnell is a 4-star analyst with an average return of 8.4% and a 69.0% success rate. McConnell covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, United Technologies Corp, and General Dynamics Corp.

Currently, the analyst consensus on Triumph Group is Strong Buy and the average price target is $31, representing a 35.1% upside.

In a report issued on May 5, Jefferies also reiterated a Buy rating on the stock with a $29 price target.

The company has a one year high of $40.09 and a one year low of $19.65. Currently, Triumph Group has an average volume of 744.6K.

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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.