Jefferies Group Lowers Thermon Group Holdings Price Target to $32.00 (THR)
Investment analysts at Jefferies Group lowered their price objective on shares of Thermon Group Holdings (NYSE:THR) from $35.00 to $32.00 in a note issued to investors on Friday, Stock Ratings Network reports. Jefferies Group’s price target suggests a potential upside of 20.98% from the company’s current price.
Shares of Thermon Group Holdings (NYSE:THR) opened at 26.45 on Friday. Thermon Group Holdings has a 52-week low of $17.99 and a 52-week high of $29.06. The stock has a 50-day moving average of $27.48 and a 200-day moving average of $24.49. The company has a market cap of $835.6 million and a P/E ratio of 49.57.
Thermon Group Holdings (NYSE:THR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.30. The company had revenue of $71.50 million for the quarter, compared to the consensus estimate of $82.03 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was down 6.9% on a year-over-year basis. On average, analysts predict that Thermon Group Holdings will post $1.23 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Thermon Group Holdings from $24.00 to $30.00 in a research note to investors on Monday, November 11th. They now have an “outperform” rating on the stock. Analysts at Barclays raised their price target on shares of Thermon Group Holdings from $26.00 to $30.00 in a research note to investors on Monday, November 11th. They now have an “overweight” rating on the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $28.35.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.