TPG (NASDAQ:TPG) Price Target Increased to $60.00 by Analysts at Evercore ISI

TPG (NASDAQ:TPG) had its target price boosted by investment analysts at Evercore ISI from $46.00 to $60.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective would suggest a potential downside of 0.92% from the company’s current price.

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

TPG Price Performance

NASDAQ TPG opened at $60.56 on Monday. The company has a market cap of $22.09 billion, a PE ratio of -173.02, a P/E/G ratio of 0.97 and a beta of 1.53. The firm’s 50 day moving average price is $52.82 and its 200-day moving average price is $46.82. 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 has a 52-week low of $26.62 and a 52-week high of $61.41.

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

Insider Buying and Selling at TPG

In related news, Director Deborah M. Messemer sold 4,089 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $46.55, for a total value of $190,342.95. Following the completion of the transaction, the director now owns 17,536 shares of the company’s stock, valued at approximately $816,300.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 76.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TPG

A number of large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in TPG during the 4th quarter worth approximately $203,000. Vanguard Group Inc. increased its position in shares of TPG by 5.6% during the fourth quarter. Vanguard Group Inc. now owns 6,050,481 shares of the company’s stock worth $261,199,000 after purchasing an additional 320,972 shares in the last quarter. Renaissance Capital LLC raised its stake in TPG by 15.0% in the 1st quarter. Renaissance Capital LLC now owns 47,121 shares of the company’s stock valued at $2,106,000 after purchasing an additional 6,143 shares during the last quarter. Oak Thistle LLC purchased a new position in TPG in the 1st quarter valued at $451,000. Finally, Principal Financial Group Inc. boosted its stake in TPG by 18.9% during the 1st quarter. Principal Financial Group Inc. now owns 6,291 shares of the company’s stock worth $281,000 after purchasing an additional 1,000 shares during the last quarter. 86.79% of the stock is currently owned by institutional investors and hedge funds.

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.