TPG (NASDAQ:TPG) Issues Earnings Results, Meets Estimates

TPG (NASDAQ:TPG) posted its quarterly earnings results on Monday. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45, Briefing.com reports. TPG had a net margin of 1.08% and a return on equity of 24.27%. During the same period in the prior year, the firm earned $0.56 earnings per share.

TPG Stock Performance

Shares of NASDAQ:TPG opened at $61.79 on Tuesday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $58.52 and a two-hundred day simple moving average of $49.13. TPG has a 12-month low of $28.93 and a 12-month high of $69.86.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group increased their target price on TPG from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Morgan Stanley increased their price objective on TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. TD Cowen reduced their target price on TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. Wells Fargo & Company raised their price target on TPG from $60.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, Evercore ISI boosted their price objective on shares of TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $52.25.

About TPG

TPG Inc operates as an alternative asset manager in the United States and internationally. The company offers investment management services to TPG Funds, limited partners, and other vehicles. It also offers monitoring services to portfolio companies; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.