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.
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
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.
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