TPG Specialty Lending Coverage Initiated by Analysts at SunTrust (TSLX)
Equities researchers at SunTrust initiated coverage on shares of TPG Specialty Lending (NASDAQ:TSLX) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $22.00 price target on the stock. SunTrust’s price target would suggest a potential upside of 19.18% from the company’s current price.
Shares of TPG Specialty Lending (NASDAQ:TSLX) traded up 3.10% on Thursday, hitting $18.64. 32,245 shares of the company’s stock traded hands. TPG Specialty Lending has a one year low of $15.95 and a one year high of $24.41. The stock has a 50-day moving average of $19.83 and a 200-day moving average of $18.59. The company has a market cap of $994.4 million and a price-to-earnings ratio of 8.68.
TPG Specialty Lending (NASDAQ:TSLX) last announced its earnings results on Friday, May 9th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.20. On average, analysts predict that TPG Specialty Lending will post $1.72 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of TPG Specialty Lending from a “neutral” rating to an “outperform” rating in a research note on Monday, June 16th. They now have a $24.60 price target on the stock. Separately, analysts at Bank of America downgraded shares of TPG Specialty Lending from a “buy” rating to a “neutral” rating in a research note on Monday, June 9th. They now have a $22.00 price target on the stock, up previously from $18.50. Finally, analysts at Wells Fargo & Co. downgraded shares of TPG Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 3rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.94.
TPG Specialty Lending, Inc (NASDAQ:TSLX) is a specialty finance company focused on lending to middle-market companies.
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