TPG (NASDAQ:TPG) PT Lowered to $42.00

TPG (NASDAQ:TPG) had its price objective cut by TD Cowen from $44.00 to $42.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s price target would suggest a potential upside of 3.73% from the company’s current price.

Several other research analysts have also commented on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of TPG in a research report on Monday, April 1st. TheStreet lowered shares of TPG from a “c” rating to a “d” rating in a research note on Monday, March 18th. JMP Securities restated a “market perform” rating on shares of TPG in a research report on Tuesday, April 9th. Morgan Stanley raised shares of TPG from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $43.00 to $52.00 in a research report on Friday, May 10th. Finally, Jefferies Financial Group cut their target price on shares of TPG from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $42.83.

TPG Trading Down 0.2 %

TPG opened at $40.49 on Monday. TPG has a 12-month low of $26.03 and a 12-month high of $47.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a market capitalization of $14.77 billion, a PE ratio of -289.19, a P/E/G ratio of 0.70 and a beta of 1.52. The firm’s fifty day moving average price is $42.04 and its 200 day moving average price is $42.74.

TPG (NASDAQ:TPG) last issued its earnings results on Wednesday, May 8th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $512.30 million for the quarter, compared to analyst estimates of $452.87 million. TPG had a net margin of 2.74% and a return on equity of 21.16%. The company’s revenue for the quarter was up 64.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.24 EPS. As a group, research analysts expect that TPG will post 2.02 EPS for the current fiscal year.

Hedge Funds Weigh In On TPG

Several hedge funds have recently modified their holdings of the company. YHB Investment Advisors Inc. acquired a new stake in TPG during the first quarter valued at approximately $32,000. Signaturefd LLC boosted its stake in shares of TPG by 327.6% during the 4th quarter. Signaturefd LLC now owns 945 shares of the company’s stock worth $41,000 after acquiring an additional 724 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of TPG in the 4th quarter worth $51,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of TPG during the first quarter worth $112,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of TPG during the first quarter worth $151,000. 86.79% of the stock is currently owned by institutional investors and hedge funds.

About TPG

TPG Inc operates as an alternative asset manager in the United States and internationally. The company offers investment management services to TPG Funds, limited partners, and other vehicles. It also offers monitoring services to portfolio companies; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.