The Goldman Sachs Group Issues Positive Forecast for TPG (NASDAQ:TPG) Stock Price

TPG (NASDAQ:TPG) had its price target lifted by stock analysts at The Goldman Sachs Group from $67.00 to $77.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 13.75% from the company’s previous close.

TPG has been the topic of several other research reports. JPMorgan Chase & Co. boosted their target price on TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. BMO Capital Markets upped their price objective on TPG from $45.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. TD Cowen lowered their target price on TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company upped their price target on shares of TPG from $67.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley lifted their price objective on shares of TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, TPG currently has a consensus rating of “Hold” and an average price target of $58.83.

TPG Stock Performance

Shares of NASDAQ:TPG traded up $1.26 on Tuesday, hitting $67.69. The company’s stock had a trading volume of 414,405 shares, compared to its average volume of 877,738. The company has a market capitalization of $24.70 billion, a price-to-earnings ratio of -199.08, a price-to-earnings-growth ratio of 1.08 and a beta of 1.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25. TPG has a 12 month low of $34.07 and a 12 month high of $70.67. The stock’s 50-day moving average is $62.01 and its two-hundred day moving average is $50.85.

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

Institutional Investors Weigh In On TPG

Several hedge funds have recently bought and sold shares of TPG. International Assets Investment Management LLC acquired a new position in shares of TPG in the 2nd quarter valued at about $25,000. Signaturefd LLC lifted its position in TPG by 21.3% in the 3rd quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after buying an additional 188 shares in the last quarter. 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. KBC Group NV increased its stake in shares of TPG by 25.1% in the third quarter. KBC Group NV now owns 2,405 shares of the company’s stock worth $138,000 after acquiring an additional 482 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of TPG in the first quarter worth $112,000. 86.79% of the stock is owned by hedge funds and other institutional investors.

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.