Thermon Group Holdings Receives Consensus Rating of “Hold” from Brokerages (NYSE:THR)
Shares of Thermon Group Holdings (NYSE:THR) have been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the stock, American Banking News.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $28.58.
Shares of Thermon Group Holdings (NYSE:THR) traded down 1.59% on Monday, hitting $22.93. The stock had a trading volume of 34,204 shares. Thermon Group Holdings has a 52 week low of $18.80 and a 52 week high of $29.06. The stock’s 50-day moving average is $23.8 and its 200-day moving average is $25.6. The company has a market cap of $730.0 million and a price-to-earnings ratio of 33.77.
Separately, analysts at KeyCorp downgraded shares of Thermon Group Holdings from a “buy” rating to a “hold” rating in a research note on Monday. They now have a $29.50 price target on the stock.
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.