TPG (NASDAQ:TPG) Price Target Cut to $34.00 by Analysts at Morgan Stanley

TPG (NASDAQ:TPGGet Rating) had its target price reduced by investment analysts at Morgan Stanley from $36.00 to $34.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock.

Several other equities analysts also recently weighed in on TPG. Citigroup decreased their price target on shares of TPG from $32.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 12th. Deutsche Bank Aktiengesellschaft lifted 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. Wells Fargo & Company reduced their target price on shares of TPG from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday. UBS Group reduced their price target on shares of TPG from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, March 29th. Finally, BMO Capital Markets boosted their price target on shares of TPG from $34.00 to $35.00 and gave the company a “market perform” rating in a research note on Tuesday, March 29th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of 34.00.

TPG stock traded down 0.34 during midday trading on Wednesday, hitting 28.20. 1,065 shares of the stock traded hands, compared to its average volume of 805,954. The company’s fifty day moving average is 29.18. TPG has a 1-year low of 26.50 and a 1-year high of 35.40.

TPG (NASDAQ:TPGGet Rating) last announced its earnings results on Monday, March 28th. The company reported 0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of 0.42 by 0.14. The company had revenue of 1.08 billion during the quarter, compared to analyst estimates of 259.88 million. Research analysts predict that TPG will post 1.53 EPS for the current year.

An institutional investor recently bought a new position in TPG stock. Hollencrest Capital Management acquired a new position in shares of TPG Inc. (NASDAQ:TPGGet Rating) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 21,500 shares of the company’s stock, valued at approximately $648,000. Institutional investors own 3.51% of the company’s stock.

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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