Equities research analysts at Wall Street Zen have bumped up TPG (NASDAQ: TPG) from “sell” to “hold,” as per a report out Sunday. Part of a broader reevaluation of TPG stock by various analysts lately.
Evercore pegged TPG at $47.00 in April 21 note . Meanwhile,Citizens JMP moved its rating from “market perform” to “outperform,” setting a $75.00 target on February 9. Goldman Sachs Group stuck with a “buy” rating, aiming for $61.00 on May 5,while BMO Capital Markets cut its target from $60.00 to $48.00 but kept an “outperform” rating on March 24. Additionally,Deutsche Bank Aktiengesellschaft set a $55.00 target on May 4.Right now,twelve analysts call TPG a “buy,” four say “hold,” and just one says “sell.” stock averages a “Moderate Buy” rating with a consensus target of $61.75 .
Friday saw TPG shares open at $41.19, down 2.3%. stock's been between a 52-week low of $36.95 and a high of $70.38. Its 50-day moving average is $41.88, and the 200-day is $50.95. Market cap's $15.83 billion, P/E ratio at 187.24, PEG ratio 0.74. Debt-to-equity ratio stands at 0.63,with quick and current ratios at 0.33 .
In its latest quarterly earnings report,out May 1, TPG posted EPS of $0.70, beating the $0.61 consensus by $0.09. Revenue hit $557.18 million,missing analyst forecasts of $608.07 million. Achieved a return on equity of 28.13% and net margin of 3.81%. Year-over-year revenue climbed 14.1%, compared to $0.48 EPS same time last year. Analysts expect TPG to report EPS of 2.86 this year .
Institutional investors have been busy altering their TPG stakes. Darlington Partners Capital Management LP picked up a new position worth about $258.58 million in Q2. Millennium Management LLC upped its holdings by 66.9% in Q4, now owning 4,584,733 shares worth $292.69 million after adding 1,837,799 shares. Norges Bank also took a new position, valued around $106.76 million in same quarter. Bank of America Corp DE boosted its holdings by 72.7% in Q3,now with 3,567,626 shares valued at $204.96 million after acquiring 1,501,808 more. Temasek Holdings Private Ltd increased its stake by 14.1% in Q1,now holding 10,028,107 shares valued at $406.24 million.
Institutional investors and hedge funds now own 94.03% of TPG stock. Signals strong institutional interest…but how will it play out?
