TPG (NASDAQ:TPG) Price Target Cut to $50.00 by Analysts at BMO Capital Markets

TPG (NASDAQ:TPG) had its price objective reduced by analysts at BMO Capital Markets from $52.00 to $50.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 17.18% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the stock. Weiss Ratings downgraded shares of TPG from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Citigroup restated an “outperform” rating on shares of TPG in a research note on Thursday. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on TPG in a report on Monday, May 4th. Wall Street Zen upgraded TPG from a “sell” rating to a “hold” rating in a research report on Sunday, July 5th. Finally, Citizens Jmp cut their price objective on shares of TPG from $75.00 to $68.00 and set a “market outperform” rating for the company in a research report on Thursday. Eleven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $61.40.

TPG Price Performance

TPG stock opened at $42.67 on Monday. TPG has a 12 month low of $36.95 and a 12 month high of $70.38. The stock’s 50 day moving average is $42.08 and its 200-day moving average is $47.46. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $16.40 billion, a price-to-earnings ratio of 193.96, a PEG ratio of 0.77 and a beta of 1.45.

TPG (NASDAQ:TPG) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.09. TPG had a return on equity of 28.13% and a net margin of 3.81%.The firm had revenue of $557.18 million for the quarter, compared to analysts’ expectations of $608.07 million. During the same quarter last year, the business earned $0.48 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. Equities research analysts expect that TPG will post 2.86 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Comerica Bank raised its position in shares of TPG by 43.1% during the first quarter. Comerica Bank now owns 1,545 shares of the company’s stock worth $73,000 after acquiring an additional 465 shares during the last quarter. Royal Bank of Canada lifted its position in shares of TPG by 86.3% in the 1st quarter. Royal Bank of Canada now owns 7,901 shares of the company’s stock worth $375,000 after purchasing an additional 3,659 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of TPG by 4,109.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 571,004 shares of the company’s stock valued at $27,083,000 after purchasing an additional 557,438 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of TPG by 156.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 483,680 shares of the company’s stock worth $22,941,000 after buying an additional 294,941 shares during the period. Finally, Cetera Investment Advisers bought a new position in TPG during the second quarter worth $216,000. 94.03% of the stock is owned by institutional investors and hedge funds.

TPG Company Profile

TPG Inc (NASDAQ: TPG) is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.