TPG (NASDAQ:TPG) Issues Quarterly Earnings Results

TPG (NASDAQ:TPG) issued its earnings results on Monday. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45, Briefing.com reports. TPG had a return on equity of 24.27% and a net margin of 1.08%. During the same period in the prior year, the firm posted $0.56 EPS.

TPG Trading Down 6.3 %

TPG stock opened at $61.79 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.25 and a current ratio of 0.25. The company’s fifty day simple moving average is $58.52 and its 200 day simple moving average is $49.13. TPG has a 12-month low of $28.93 and a 12-month high of $69.86.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on TPG from $60.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. TD Cowen decreased their target price on shares of TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. JPMorgan Chase & Co. raised their price objective on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. The Goldman Sachs Group upped their target price on TPG from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Evercore ISI boosted their price target on TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, TPG presently has an average rating of “Hold” and an average price target of $52.25.

TPG Company Profile

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.