RBC Capital Remains a Buy on Triumph Group

By Austin Angelo

In a report issued on July 27, Matthew W. McConnell from RBC Capital reiterated a Buy rating on Triumph Group (NYSE: TGI), with a price target of $33. The company’s shares closed yesterday at $26.20.

According to TipRanks.com, McConnell is a 4-star analyst with an average return of 16.7% and a 88.5% success rate. McConnell covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, United Technologies Corp, and Honeywell International.

Triumph Group has an analyst consensus of Moderate Buy, with a price target consensus of $30.80.

The company has a one year high of $34.80 and a one year low of $19.65. Currently, Triumph Group has an average volume of 1.06M.

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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.