Canaccord Genuity Sticks to Its Hold Rating for Triumph Group (TGI)

By Jason Carr

Canaccord Genuity analyst Kenneth Herbert maintained a Hold rating on Triumph Group (TGIResearch Report) yesterday and set a price target of $28.00. The company’s shares closed last Monday at $24.34.

According to TipRanks.com, Herbert is a 5-star analyst with an average return of 14.6% and a 65.0% success rate. Herbert covers the Consumer Goods sector, focusing on stocks such as Rada Electronics Industries, Spirit AeroSystems, and Mercury Systems.

Currently, the analyst consensus on Triumph Group is a Moderate Sell with an average price target of $24.67, implying a 6.2% upside from current levels. In a report released yesterday, Cowen & Co. also assigned a Hold rating to the stock with a $23.00 price target.

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The company has a one-year high of $29.38 and a one-year low of $18.28. Currently, Triumph Group has an average volume of 432.9K.

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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.