TPG (NASDAQ:TPG) PT Raised to $60.00

TPG (NASDAQ:TPG) had its price objective increased by investment analysts at Evercore ISI from $46.00 to $60.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s price objective indicates a potential downside of 1.61% from the stock’s previous close.

Several other research analysts have also commented on TPG. The Goldman Sachs Group lifted their price objective on shares of TPG from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Wells Fargo & Company lifted their price objective on shares of TPG from $60.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. TD Cowen dropped their price objective on shares of TPG from $44.00 to $42.00 and set a “hold” rating for the company in a research note on Monday, July 8th. JPMorgan Chase & Co. lifted their price objective on shares of TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, Morgan Stanley lifted their price objective on shares of TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $52.25.

TPG Trading Up 0.9 %

Shares of TPG opened at $60.98 on Monday. The company’s fifty day moving average is $53.53 and its 200 day moving average is $47.05. TPG has a fifty-two week low of $26.62 and a fifty-two week high of $61.85. The stock has a market capitalization of $22.24 billion, a PE ratio of -435.57, a P/E/G ratio of 0.97 and a beta of 1.53. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.25 and a current ratio of 0.25.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.06. TPG had a net margin of 1.08% and a return on equity of 24.27%. The company had revenue of $744.19 million for the quarter, compared to analysts’ expectations of $449.34 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. Sell-side analysts expect that TPG will post 1.99 earnings per share for the current fiscal year.

Institutional Trading of TPG

Institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in shares of TPG in the second quarter valued at about $25,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of TPG in the first quarter valued at about $112,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of TPG in the first quarter valued at about $151,000. MQS Management LLC bought a new position in TPG in the first quarter worth about $201,000. Finally, Virtu Financial LLC bought a new position in TPG in the fourth quarter worth about $203,000. 86.79% of the stock is currently owned by institutional investors.

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.