TPG Inc. (NASDAQ:TPG) Receives Consensus Recommendation of “Buy” from Analysts

TPG Inc. (NASDAQ:TPG – Get Rating) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is 35.00.

Several research firms have issued reports on TPG. Deutsche Bank Aktiengesellschaft increased their target price on shares of TPG from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, March 29th. BMO Capital Markets raised their price objective on shares of TPG from $34.00 to $35.00 and gave the company a “market perform” rating in a research report on Tuesday, March 29th. Morgan Stanley reduced their target price on shares of TPG from $38.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 6th. Zacks Investment Research raised shares of TPG from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Tuesday. Finally, UBS Group reduced their target price on shares of TPG from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, March 29th.

NASDAQ TPG traded up 0.32 on Tuesday, hitting 27.94. The stock had a trading volume of 589 shares, compared to its average volume of 838,963. TPG has a 52-week low of 26.50 and a 52-week high of 35.40. The business has a 50-day moving average of 29.63.

TPG (NASDAQ:TPG – Get Rating) last posted its earnings results on Monday, March 28th. The company reported 0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of 0.42 by 0.14. The firm had revenue of 1.08 billion during the quarter, compared to analysts’ expectations of 259.88 million. On average, analysts forecast that TPG will post 1.53 EPS for the current fiscal year.

TPG Company Profile (Get Rating)

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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