BMO Capital Markets Analysts Give Thermon Group Holdings Inc. (THR) a $19.00 Price Target
A number of other research firms have also recently commented on THR. Zacks Investment Research raised Thermon Group Holdings from a hold rating to a buy rating and set a $23.00 price target on the stock in a report on Saturday, May 28th. SunTrust Banks Inc. decreased their price target on Thermon Group Holdings from $19.00 to $18.00 and set a neutral rating on the stock in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $19.75.
Shares of Thermon Group Holdings (NYSE:THR) opened at 17.92 on Wednesday. Thermon Group Holdings has a one year low of $13.97 and a one year high of $22.59. The company’s 50-day moving average price is $19.29 and its 200 day moving average price is $19.08. The stock has a market capitalization of $578.05 million, a PE ratio of 27.57 and a beta of 1.14.
Thermon Group Holdings (NYSE:THR) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.07. The business had revenue of $63.40 million for the quarter, compared to the consensus estimate of $64.09 million. Thermon Group Holdings had a net margin of 7.54% and a return on equity of 8.78%. Thermon Group Holdings’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 earnings per share. Analysts anticipate that Thermon Group Holdings will post $0.73 EPS for the current year.
Large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its stake in shares of Thermon Group Holdings by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 6,100 shares of the company’s stock valued at $117,000 after buying an additional 500 shares during the period. BlackRock Inc. boosted its stake in shares of Thermon Group Holdings by 224.0% in the second quarter. BlackRock Inc. now owns 8,518 shares of the company’s stock valued at $164,000 after buying an additional 5,889 shares during the period. Acrospire Investment Management LLC purchased a new stake in shares of Thermon Group Holdings during the second quarter valued at about $165,000. BlackRock Group LTD boosted its stake in shares of Thermon Group Holdings by 135.2% in the first quarter. BlackRock Group LTD now owns 14,032 shares of the company’s stock valued at $245,000 after buying an additional 8,065 shares during the period. Finally, Menta Capital LLC boosted its stake in shares of Thermon Group Holdings by 7.7% in the first quarter. Menta Capital LLC now owns 16,850 shares of the company’s stock valued at $296,000 after buying an additional 1,200 shares during the period.
Thermon Group Holdings Company Profile
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