Barclays Capital Reiterates “Buy” Rating for Thermon Group Holdings (THR)
Thermon Group Holdings (NYSE:THR)‘s stock had its “buy” rating restated by equities researchers at Barclays Capital in a research report issued on Thursday, AnalystRatingsNetwork reports. They currently have a $26.00 price target on the stock. Barclays Capital’s price target would indicate a potential upside of 8.65% from the company’s current price.
Shares of Thermon Group Holdings (NYSE:THR) traded up 2.97% during mid-day trading on Thursday, hitting $23.93. 70,289 shares of the company’s stock traded hands. Thermon Group Holdings has a one year low of $17.99 and a one year high of $25.93. The stock’s 50-day moving average is $22.14 and its 200-day moving average is $20.78. The company has a market cap of $752.0 million and a price-to-earnings ratio of 54.55.
Thermon Group Holdings (NYSE:THR) last announced its earnings results on Thursday, August 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $65.60 million for the quarter, compared to the consensus estimate of $68.15 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Analysts expect that Thermon Group Holdings will post $1.20 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on THR. Analysts at Jefferies Group raised their price target on shares of Thermon Group Holdings from $25.00 to $27.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at TheStreet upgraded shares of Thermon Group Holdings from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, September 24th. Finally, analysts at Zacks upgraded shares of Thermon Group Holdings from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 28th. They now have a $21.40 price target on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $25.10.
Thermon Group Holdings, Inc provides thermal solutions for process industries. The Company provides a range of products, including heating cables, tubing bundles and control systems, and services, including design optimization, engineering, installation and maintenance services.
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