Thermon Group Holdings, Inc. (NYSE:THR) has received a consensus rating of “Hold” from the nine research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $23.50.

A number of equities analysts recently commented on the company. William Blair upgraded Thermon Group from a “market perform” rating to an “outperform” rating in a report on Wednesday. TheStreet upgraded Thermon Group from a “c” rating to a “b-” rating in a report on Monday, October 23rd. Zacks Investment Research upgraded Thermon Group from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, October 25th. BMO Capital Markets increased their price target on Thermon Group from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, October 24th. Finally, SunTrust Banks reiterated a “hold” rating and set a $20.00 price target on shares of Thermon Group in a report on Tuesday, October 24th.

Thermon Group (THR) opened at $23.46 on Friday. The firm has a market capitalization of $754.55, a PE ratio of 55.38 and a beta of 1.06. Thermon Group has a twelve month low of $15.74 and a twelve month high of $26.50. The company has a quick ratio of 2.95, a current ratio of 3.73 and a debt-to-equity ratio of 0.15.

Thermon Group (NYSE:THR) last released its quarterly earnings data on Monday, October 23rd. The technology company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. Thermon Group had a return on equity of 4.39% and a net margin of 5.65%. The firm had revenue of $61.63 million for the quarter, compared to the consensus estimate of $61.64 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The firm’s revenue was down 10.4% on a year-over-year basis. sell-side analysts forecast that Thermon Group will post 0.49 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of THR. SG Americas Securities LLC bought a new stake in shares of Thermon Group in the third quarter valued at approximately $144,000. Victory Capital Management Inc. boosted its position in shares of Thermon Group by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,904 shares of the technology company’s stock valued at $152,000 after acquiring an additional 1,185 shares during the period. Legal & General Group Plc boosted its position in shares of Thermon Group by 4.1% in the second quarter. Legal & General Group Plc now owns 8,143 shares of the technology company’s stock valued at $155,000 after acquiring an additional 320 shares during the period. M&T Bank Corp boosted its position in shares of Thermon Group by 0.8% in the second quarter. M&T Bank Corp now owns 12,062 shares of the technology company’s stock valued at $232,000 after acquiring an additional 99 shares during the period. Finally, Trexquant Investment LP bought a new stake in shares of Thermon Group in the second quarter valued at approximately $291,000.

COPYRIGHT VIOLATION WARNING: This story was first posted by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and international trademark & copyright legislation. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/12/03/thermon-group-holdings-inc-thr-receives-consensus-rating-of-hold-from-brokerages.html.

Thermon Group Company Profile

Analyst Recommendations for Thermon Group (NYSE:THR)

Receive News & Ratings for Thermon Group Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thermon Group Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.