Thermon Group Holdings, Inc. (THR) Rating Reiterated by Jefferies Group LLC
Thermon Group Holdings, Inc. (NYSE:THR)‘s stock had its “buy” rating restated by analysts at Jefferies Group LLC in a research report issued on Friday. They presently have a $25.00 price target on the technology company’s stock, up from their prior price target of $21.00. Jefferies Group LLC’s price target would indicate a potential upside of 20.42% from the stock’s current price.
Other analysts also recently issued research reports about the stock. BMO Capital Markets raised their price objective on shares of Thermon Group Holdings from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday. Wolfe Research assumed coverage on shares of Thermon Group Holdings in a report on Tuesday, July 11th. They set a “market perform” rating for the company. ValuEngine upgraded shares of Thermon Group Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Thermon Group Holdings from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, BidaskClub upgraded shares of Thermon Group Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.50.
Thermon Group Holdings (NYSE:THR) opened at 20.76 on Friday. The firm has a market cap of $672.67 million, a price-to-earnings ratio of 54.78 and a beta of 0.97. Thermon Group Holdings has a 52 week low of $15.74 and a 52 week high of $21.52. The company has a 50-day moving average of $17.27 and a 200-day moving average of $18.73.
Thermon Group Holdings (NYSE:THR) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Thermon Group Holdings had a net margin of 4.99% and a return on equity of 3.88%. The firm had revenue of $51.70 million for the quarter, compared to the consensus estimate of $58.35 million. During the same period in the previous year, the business earned $0.08 earnings per share. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis. Equities research analysts forecast that Thermon Group Holdings will post $0.43 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in Thermon Group Holdings during the first quarter worth about $109,000. Victory Capital Management Inc. increased its holdings in Thermon Group Holdings by 32.5% during the first quarter. Victory Capital Management Inc. now owns 6,719 shares of the technology company’s stock worth $140,000 after buying an additional 1,647 shares during the last quarter. Legal & General Group Plc increased its holdings in Thermon Group Holdings by 4.1% during the second quarter. Legal & General Group Plc now owns 8,143 shares of the technology company’s stock worth $155,000 after buying an additional 320 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in Thermon Group Holdings during the first quarter worth about $215,000. Finally, M&T Bank Corp increased its holdings in Thermon Group Holdings by 0.8% during the second quarter. M&T Bank Corp now owns 12,062 shares of the technology company’s stock worth $232,000 after buying an additional 99 shares during the last quarter.
Thermon Group Holdings Company Profile
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