The Goldman Sachs Group Forecasts Strong Price Appreciation for TPG (NASDAQ:TPG) Stock

TPG (NASDAQ:TPG) had its target price hoisted by investment analysts at The Goldman Sachs Group from $67.00 to $77.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 13.97% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Wells Fargo & Company upped their target price on shares of TPG from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Evercore ISI increased their price objective on shares of TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of TPG from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Morgan Stanley increased their target price on TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, BMO Capital Markets lifted their price target on TPG from $45.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $58.83.

TPG Stock Down 0.5 %

NASDAQ TPG opened at $67.56 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39. TPG has a 52 week low of $34.07 and a 52 week high of $70.67. The business’s fifty day simple moving average is $62.69 and its 200-day simple moving average is $51.13. The firm has a market cap of $24.66 billion, a PE ratio of -198.71, a P/E/G ratio of 1.08 and a beta of 1.49.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. TPG had a return on equity of 23.45% and a net margin of 0.69%. The business had revenue of $855.40 million for the quarter, compared to analyst estimates of $449.98 million. During the same quarter in the prior year, the company posted $0.56 EPS. As a group, equities analysts anticipate that TPG will post 1.94 earnings per share for the current year.

Institutional Trading of TPG

A number of hedge funds and other institutional investors have recently made changes to their positions in TPG. Vanguard Group Inc. grew its stake in TPG by 21.6% during the 1st quarter. Vanguard Group Inc. now owns 7,356,280 shares of the company’s stock valued at $328,826,000 after acquiring an additional 1,305,799 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of TPG by 5.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,710,751 shares of the company’s stock worth $278,161,000 after purchasing an additional 366,306 shares during the last quarter. Capital International Investors raised its holdings in shares of TPG by 9.6% during the 1st quarter. Capital International Investors now owns 3,860,883 shares of the company’s stock valued at $172,581,000 after purchasing an additional 336,665 shares in the last quarter. Millennium Management LLC lifted its stake in shares of TPG by 32.4% in the 2nd quarter. Millennium Management LLC now owns 3,768,113 shares of the company’s stock valued at $156,188,000 after purchasing an additional 922,571 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in TPG by 7.7% during the third quarter. Geode Capital Management LLC now owns 1,442,001 shares of the company’s stock valued at $83,023,000 after buying an additional 102,663 shares in the last quarter. 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.