Triumph Group (TGI) was Downgraded to a Hold Rating at Cowen & Co.

By Carrie Williams

Triumph Group (TGIResearch Report) received a Hold rating and a $22 price target from Cowen & Co. analyst Cai Rumohr today. The company’s shares closed on Friday at $21.68.

According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 14.0% and a 70.8% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and L3 Technologies Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Triumph Group with a $20 average price target, a -7.7% downside from current levels. In a report issued on February 8, Robert W. Baird also maintained a Hold rating on the stock with a $20 price target.

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Based on Triumph Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $30.95 million. In comparison, last year the company had a GAAP net loss of $113 million.

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Triumph Group, Inc. engages in the design, engineering, manufacture, repair, overhaul, and distribution of aircraft structures, components, accessories, subassemblies, and systems. It operates through the following segments: Integrated Systems, Aerospace Structures, and Product Support.