TPG (NASDAQ:TPG) Given New $60.00 Price Target at BMO Capital Markets

TPG (NASDAQ:TPG) had its price target lifted by investment analysts at BMO Capital Markets from $45.00 to $60.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential downside of 1.41% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company increased their price target on shares of TPG from $67.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on shares of TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Evercore ISI raised their target price on shares of TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. The Goldman Sachs Group raised their target price on shares of TPG from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley raised their target price on shares of TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $56.17.

TPG Trading Down 1.5 %

Shares of TPG stock traded down $0.93 during trading hours on Tuesday, reaching $60.86. 578,519 shares of the company’s stock were exchanged, compared to its average volume of 862,037. TPG has a 52-week low of $28.93 and a 52-week high of $69.86. The firm has a market capitalization of $22.20 billion, a price-to-earnings ratio of -173.88, a price-to-earnings-growth ratio of 1.04 and a beta of 1.49. The company has a fifty day moving average of $58.74 and a 200-day moving average of $49.27. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.37.

TPG (NASDAQ:TPG) last announced its earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $855.40 million during the quarter, compared to the consensus estimate of $449.98 million. TPG had a return on equity of 24.27% and a net margin of 1.08%. During the same period last year, the firm earned $0.56 earnings per share. Sell-side analysts forecast that TPG will post 1.96 EPS for the current fiscal year.

Hedge Funds Weigh In On TPG

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TPG. International Assets Investment Management LLC acquired a new stake in shares of TPG during the 2nd quarter valued at $25,000. Signaturefd LLC boosted its stake in shares of TPG by 21.3% during the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock valued at $62,000 after buying an additional 188 shares during the period. Covestor Ltd boosted its stake in shares of TPG by 1,128.3% during the 3rd quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after buying an additional 1,715 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of TPG during the 1st quarter valued at $112,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of TPG in the 1st quarter valued at $151,000. Institutional investors and hedge funds own 86.79% of the company’s stock.

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.