Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for TPG (NASDAQ:TPG) Stock

TPG (NASDAQ:TPG) had its price objective lifted by equities researchers at Keefe, Bruyette & Woods from $62.00 to $70.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 8.26% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. The Goldman Sachs Group boosted their price target on shares of TPG from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. BMO Capital Markets increased their target price on TPG from $60.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday. TD Cowen reduced their price objective on TPG from $62.00 to $58.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley boosted their target price on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Evercore ISI boosted their price objective on shares of TPG from $46.00 to $60.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $63.00.

TPG Price Performance

Shares of TPG stock traded up $0.68 on Friday, reaching $64.66. The company’s stock had a trading volume of 134,360 shares, compared to its average volume of 905,666. The company has a market capitalization of $23.60 billion, a P/E ratio of -190.17, a PEG ratio of 1.11 and a beta of 1.46. TPG has a 12-month low of $38.20 and a 12-month high of $72.98. The stock’s 50 day simple moving average is $67.03 and its 200-day simple moving average is $54.80. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.39.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. TPG had a return on equity of 23.45% and a net margin of 0.69%. The firm had revenue of $855.40 million for the quarter, compared to analysts’ expectations of $449.98 million. During the same quarter last year, the firm posted $0.56 EPS. As a group, equities analysts predict that TPG will post 1.95 earnings per share for the current fiscal year.

Institutional Trading of TPG

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TPG. International Assets Investment Management LLC bought a new position in shares of TPG in the 2nd quarter worth approximately $25,000. Signaturefd LLC raised its holdings in TPG by 21.3% in the third quarter. Signaturefd LLC now owns 1,070 shares of the company’s stock worth $62,000 after purchasing an additional 188 shares in the last quarter. Covestor Ltd lifted its position in TPG by 1,128.3% during the third quarter. Covestor Ltd now owns 1,867 shares of the company’s stock valued at $107,000 after buying an additional 1,715 shares during the period. KBC Group NV boosted its holdings in shares of TPG by 25.1% during the 3rd quarter. KBC Group NV now owns 2,405 shares of the company’s stock valued at $138,000 after buying an additional 482 shares in the last quarter. Finally, Quarry LP grew its position in shares of TPG by 136.2% in the 3rd quarter. Quarry LP now owns 3,201 shares of the company’s stock worth $184,000 after buying an additional 1,846 shares during the period. Hedge funds and other institutional investors own 94.03% of the company’s stock.

About TPG

TPG Inc operates as an alternative asset manager in the United States and internationally. The company offers investment management services to TPG Funds, limited partners, and other vehicles. It also offers monitoring services to portfolio companies; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.