Citizens Jmp Lowers TPG (NASDAQ:TPG) Price Target to $68.00

by · The Cerbat Gem

TPG (NASDAQ:TPG – Get Free Report) had its target price cut by stock analysts at Citizens Jmp from $75.00 to $68.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s target price indicates a potential upside of 59.28% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Barclays boosted their price objective on shares of TPG from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, May 4th. BMO Capital Markets cut their target price on shares of TPG from $60.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft set a $55.00 target price on shares of TPG in a research note on Monday, May 4th. The Goldman Sachs Group reissued a “buy” rating and set a $61.00 price target on shares of TPG in a report on Tuesday, May 5th. Finally, Citigroup restated an “outperform” rating on shares of TPG in a research note on Thursday. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.31.

View Our Latest Report on TPG

TPG Stock Performance

NASDAQ:TPG traded up $1.08 during mid-day trading on Thursday, reaching $42.69. The company’s stock had a trading volume of 102,029 shares, compared to its average volume of 3,117,993. TPG has a 12-month low of $36.95 and a 12-month high of $70.38. The firm’s fifty day moving average price is $42.06 and its two-hundred day moving average price is $47.77. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.63. The stock has a market cap of $16.41 billion, a P/E ratio of 194.56, a PEG ratio of 0.76 and a beta of 1.45.

TPG (NASDAQ:TPG – Get Free Report) last posted its earnings results on Friday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.09. The business had revenue of $557.18 million for the quarter, compared to analysts’ expectations of $608.07 million. TPG had a net margin of 3.81% and a return on equity of 28.13%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. On average, equities analysts forecast that TPG will post 2.86 EPS for the current fiscal year.

Institutional Trading of TPG

A number of hedge funds and other institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of TPG during the 4th quarter valued at $38,000. CX Institutional boosted its holdings in TPG by 481.4% in the 2nd quarter. CX Institutional now owns 657 shares of the company’s stock worth $27,000 after buying an additional 544 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in TPG by 2,496.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 675 shares of the company’s stock worth $43,000 after buying an additional 649 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in TPG by 268.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 719 shares of the company’s stock worth $38,000 after buying an additional 524 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in TPG by 252.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 790 shares of the company’s stock worth $45,000 after buying an additional 566 shares in the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

TPG Company Profile

(Get Free Report)

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.

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