The stock of Triumph Group Inc (NYSE:TGI) hit a new 52-week low and has $21.95 target or 5.00% below today’s $23.10 share price. The 5 months bearish chart indicates high risk for the $1.12 billion company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $21.95 price target is reached, the company will be worth $56.00M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 713,550 shares traded hands or 6.90% up from the average. Triumph Group Inc (NYSE:TGI) has declined 22.55% since April 1, 2016 and is downtrending. It has underperformed by 23.77% the S&P500.
Triumph Group Inc (NYSE:TGI) Ratings Coverage
Out of 12 analysts covering Triumph Group (NYSE:TGI), 6 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 50% are positive. Triumph Group has been the topic of 22 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Thursday, July 30 by RBC Capital Markets. The firm earned “Buy” rating on Monday, June 13 by Deutsche Bank. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, January 29. RBC Capital Markets maintained Triumph Group Inc (NYSE:TGI) on Tuesday, October 13 with “Outperform” rating. Robert W. Baird initiated the stock with “Underperform” rating in Thursday, October 6 report. The rating was maintained by Sterne Agee CRT on Friday, October 2 with “Buy”. The rating was maintained by Goldman Sachs on Monday, May 9 with “Neutral”. The rating was upgraded by Bank of America to “Buy” on Monday, February 22.
According to Zacks Investment Research, “Triumph Group Inc. designs, engineers, manufactures, repairs and overhauls aircraft components. The company serves a broad, worldwide spectrum of the aviation industry, including commercial airlines and air cargo carriers, as well as original equipment manufacturers of aircraft and aircraft components. The company also distributes, processes and fabricates metal products.”
Insitutional Activity: The institutional sentiment decreased to 1.17 in Q2 2016. Its down 0.05, from 1.22 in 2016Q1. The ratio dived, as 26 funds sold all Triumph Group Inc shares owned while 67 reduced positions. 36 funds bought stakes while 73 increased positions. They now own 45.95 million shares or 4.80% more from 43.84 million shares in 2016Q1.
Teacher Retirement Sys Of Texas reported 6,515 shares or 0% of all its holdings. Citadel Advisors Limited Liability Corp owns 496,317 shares or 0.02% of their US portfolio. Skyline Asset Mgmt Limited Partnership, a Illinois-based fund reported 335,100 shares. Proshare Advsr Ltd Liability Corporation, a Maryland-based fund reported 10,654 shares. Envestnet Asset Mngmt Inc has 0% invested in the company for 9,597 shares. The Ohio-based Victory Capital Mngmt has invested 0.06% in Triumph Group Inc (NYSE:TGI). Sei Investments Com accumulated 0.01% or 24,551 shares. Pnc Fincl Service Group Inc, a Pennsylvania-based fund reported 103,199 shares. Alliancebernstein L P holds 0% of its portfolio in Triumph Group Inc (NYSE:TGI) for 76,645 shares. Teachers last reported 1.35M shares in the company. The United Kingdom-based Legal General Grp Public Limited Company has invested 0% in Triumph Group Inc (NYSE:TGI). Smith Graham & Inv Advisors L P has 0.84% invested in the company for 172,251 shares. Toronto Dominion Natl Bank last reported 0% of its portfolio in the stock. Goldman Sachs Gp last reported 264,277 shares in the company. Moreover, Lombardia Cap Prns Ltd Liability has 0.6% invested in Triumph Group Inc (NYSE:TGI) for 257,587 shares.
More news for Triumph Group Inc (NYSE:TGI) were recently published by: Rttnews.com, which released: “Triumph Group Inc. Q2 Profit Drops 24%” on November 03, 2016. Moodys.com‘s article titled: “Moody’s downgrades Triumph Group, Inc. ratings: CFR to Ba3, outlook is negative” and published on October 17, 2016 is yet another important article.
TGI Company Profile
Triumph Group, Inc. (Triumph), incorporated on March 11, 1993, designs, engineers, makes, repairs, overhauls and distributes a portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. The Firm serves a spectrum of the aviation industry, including original equipment manufacturers (OEMs) of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers. The Firm offers a range of services and products to the aerospace industry through three divisions: Triumph Aerostructures Group, whose companies are engaged in the design, manufacture, assembly and integration of metallic and composite aerostructures and structural components for the aerospace OEM market; Triumph Aerospace Systems Group, whose companies design, engineer and manufacture a range of build-to-print components, assemblies and systems also for the OEM market, and Triumph Aftermarket Services Group, whose companies serve aircraft fleets, such as commercial airlines, the United States military and cargo carriers, through the maintenance, repair and overhaul (MRO) of aircraft components and accessories manufactured by third parties.
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