Evercore ISI Issues Positive Forecast for TPG (NASDAQ:TPG) Stock Price

TPG (NASDAQ:TPG) had its price target increased by investment analysts at Evercore ISI from $60.00 to $65.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective indicates a potential downside of 2.20% from the company’s current price.

Several other research analysts also recently commented on the stock. Wells Fargo & Company decreased their price target on shares of TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a research note on Tuesday. Morgan Stanley boosted their target price on TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, November 11th. TD Cowen cut their target price on shares of TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Finally, BMO Capital Markets lifted their target price on shares of TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $63.00.

TPG Price Performance

TPG traded up $0.96 on Friday, reaching $66.46. The company had a trading volume of 56,213 shares, compared to its average volume of 874,347. The business has a 50 day simple moving average of $66.56 and a 200 day simple moving average of $58.02. The company has a market cap of $24.26 billion, a price-to-earnings ratio of -195.14, a P/E/G ratio of 0.80 and a beta of 1.49. TPG has a 52-week low of $38.50 and a 52-week high of $72.98. 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 (NASDAQ:TPG) last released its earnings results on Monday, November 4th. The company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. TPG had a return on equity of 23.45% and a net margin of 0.69%. The business had revenue of $855.40 million for the quarter, compared to analysts’ expectations of $449.98 million. During the same quarter in the prior year, the firm earned $0.56 earnings per share. As a group, sell-side analysts anticipate that TPG will post 1.95 EPS for the current year.

Insider Transactions at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of the sale, the director now owns 15,841 shares of the company’s stock, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 76.48% of the company’s stock.

Hedge Funds Weigh In On TPG

Several large investors have recently added to or reduced their stakes in TPG. ORG Wealth Partners LLC bought a new stake in shares of TPG during the 4th quarter valued at $33,000. Signaturefd LLC boosted its stake 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 purchasing an additional 188 shares during the period. Covestor Ltd raised its position in shares of TPG by 1,128.3% during the third 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 last quarter. KBC Group NV lifted its holdings 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 buying an additional 482 shares in the last quarter. Finally, Quarry LP grew its stake in TPG by 136.2% during the third quarter. Quarry LP now owns 3,201 shares of the company’s stock valued at $184,000 after acquiring an additional 1,846 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

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.