TPG (NASDAQ:TPG) Price Target Cut to $28.00

TPG (NASDAQ:TPG – Get Rating) had its price target lowered by analysts at Wells Fargo & Company from $31.00 to $28.00 in a report released on Friday, The Fly reports. Wells Fargo & Company‘s price objective indicates a potential upside of 4.71% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Citigroup began coverage on shares of TPG in a report on Thursday. They issued a “buy” rating and a $32.00 target price for the company. Keefe, Bruyette & Woods lifted their target price on shares of TPG from $37.00 to $38.00 and gave the company a “market perform” rating in a report on Thursday, February 16th. Evercore ISI dropped their target price on shares of TPG from $34.00 to $33.00 in a report on Tuesday, May 16th. Bank of America dropped their price target on shares of TPG from $34.00 to $28.00 in a research note on Wednesday. Finally, JPMorgan Chase & Co. downgraded shares of TPG from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $35.00 to $34.00 in a research note on Tuesday, January 24th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, TPG currently has an average rating of “Hold” and an average price target of $34.32.

TPG Stock Down 0.1 %

Shares of NASDAQ TPG opened at $26.74 on Friday. TPG has a 1 year low of $23.09 and a 1 year high of $44.43. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.28 and a quick ratio of 0.33. The company has a 50 day simple moving average of $28.22 and a 200-day simple moving average of $31.04. The company has a market capitalization of $8.27 billion, a P/E ratio of -83.56, a P/E/G ratio of 1.25 and a beta of 1.45.

TPG (NASDAQ:TPG – Get Rating) last posted its earnings results on Wednesday, February 15th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.06. The company had revenue of $350.18 million during the quarter, compared to analyst estimates of $303.48 million. During the same quarter last year, the business posted $0.56 EPS. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, equities research analysts predict that TPG will post 1.69 earnings per share for the current year.

Institutional Investors Weigh In On TPG

A number of institutional investors and hedge funds have recently bought and sold shares of TPG. Citigroup Inc. purchased a new stake in TPG in the first quarter valued at $33,000. Hexagon Capital Partners LLC purchased a new stake in TPG in the first quarter valued at $39,000. Advanced Research Investment Solutions LLC purchased a new stake in TPG in the third quarter valued at $56,000. BNP Paribas Arbitrage SNC purchased a new stake in TPG in the third quarter valued at $61,000. Finally, Deutsche Bank AG purchased a new stake in TPG in the fourth quarter valued at $64,000. 12.94% of the stock is owned by hedge funds and other institutional investors.

TPG Company Profile

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TPG Inc operates as an alternative asset manager worldwide. It offers investment management services to unconsolidated funds, collateralized loan obligations, and other vehicles; monitoring services to portfolio companies; advisory services, debt and equity arrangements, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.