TPG (NASDAQ:TPG) Price Target Cut to $34.00

TPG (NASDAQ:TPGGet Rating) had its price target trimmed by Morgan Stanley from $36.00 to $34.00 in a report published on Wednesday, Benzinga reports. The firm currently has an equal weight rating on the stock.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded TPG from a hold rating to a buy rating and set a $32.00 price target for the company in a report on Tuesday, April 12th. Wells Fargo & Company lowered their price objective on shares of TPG from $31.00 to $30.00 and set an equal weight rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price objective 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. UBS Group cut their price target on shares of TPG from $41.00 to $37.00 and set a buy rating on the stock in a research report on Tuesday, March 29th. Finally, BMO Capital Markets upped their price objective on shares of TPG from $34.00 to $35.00 and gave the company a market perform rating in a report on Tuesday, March 29th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to, the company presently has an average rating of Hold and a consensus price target of 34.00.

TPG stock traded down 0.34 during trading hours on Wednesday, hitting 28.20. The stock had a trading volume of 1,065 shares, compared to its average volume of 805,954. TPG has a fifty-two week low of 26.50 and a fifty-two week high of 35.40. The company’s 50-day simple moving average is 29.18.

TPG (NASDAQ:TPGGet Rating) last announced its quarterly earnings data on Monday, March 28th. The company reported 0.56 EPS for the quarter, beating the Zacks’ consensus estimate of 0.42 by 0.14. The firm had revenue of 1.08 billion during the quarter, compared to the consensus estimate of 259.88 million. As a group, sell-side analysts expect that TPG will post 1.53 earnings per share for the current year.

An institutional investor recently bought a new position in TPG stock. Frontier Capital Management Co. LLC acquired a new position in shares of TPG Inc. (NASDAQ:TPGGet Rating) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 159,784 shares of the company’s stock, valued at approximately $4,816,000. Frontier Capital Management Co. LLC owned approximately 0.05% of TPG at the end of the most recent reporting period. 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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Analyst Recommendations for TPG (NASDAQ:TPG)

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