TPG (NASDAQ:TPG – Get Rating) was downgraded by equities research analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a note issued to investors on Tuesday, Marketbeat Ratings reports. They presently have a $34.00 target price on the stock, down from their previous target price of $35.00. JPMorgan Chase & Co.'s target price suggests a potential upside of 6.55% from the company's previous close.
TPG has been the topic of several other research reports. Jefferies Financial Group started coverage on TPG in a report on Monday, October 17th. They issued a "hold" rating and a $30.00 price target on the stock. Exane BNP Paribas downgraded TPG from an "outperform" rating to a "neutral" rating in a report on Friday, October 14th. BNP Paribas cut TPG from an "outperform" rating to a "neutral" rating and set a $32.00 target price on the stock. in a research report on Friday, October 14th. Morgan Stanley raised their target price on TPG from $28.00 to $30.00 and gave the company an "equal weight" rating in a research report on Monday, November 14th. Finally, UBS Group raised their target price on TPG from $35.00 to $48.00 and gave the company a "buy" rating in a research report on Tuesday, November 15th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $34.38.
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TPG Stock Performance
Shares of NASDAQ:TPG opened at $31.91 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.30 and a quick ratio of 0.30. TPG has a 12 month low of $23.09 and a 12 month high of $44.43. The firm has a market capitalization of $9.86 billion and a PE ratio of 398.92. The business has a 50-day moving average of $31.76 and a two-hundred day moving average of $30.55.
TPG (NASDAQ:TPG – Get Rating) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.07). The company had revenue of $282.29 million during the quarter, compared to analysts' expectations of $265.82 million. As a group, research analysts forecast that TPG will post 1.84 earnings per share for the current year.
Institutional Investors Weigh In On TPG
Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of TPG by 58.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,212,886 shares of the company's stock worth $145,126,000 after acquiring an additional 1,921,896 shares in the last quarter. Capital International Investors acquired a new stake in shares of TPG in the first quarter worth $114,248,000. Capital Research Global Investors acquired a new stake in shares of TPG in the first quarter worth $114,229,000. Pendal Group Ltd acquired a new stake in shares of TPG in the third quarter worth $78,679,000. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of TPG by 0.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,642,441 shares of the company's stock worth $73,565,000 after buying an additional 20,141 shares during the period. 12.94% of the stock is owned by 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.
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