Thermon Group Holdings, Inc. (NYSE:THR) Receives $57.00 Average Price Target from Brokerages

Thermon Group Holdings, Inc. (NYSE:THR) has earned an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $57.00.

A number of equities analysts have commented on THR shares. Wall Street Zen lowered shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Zacks Research lowered shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Roth Mkm lowered shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Craig Hallum lowered shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Finally, CJS Securities lowered shares of Thermon Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 25th.

Thermon Group Stock Performance

NYSE:THR opened at $65.15 on Monday. The company has a current ratio of 2.90, a quick ratio of 1.84 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 37.02 and a beta of 0.83. The firm’s fifty day simple moving average is $54.21 and its 200 day simple moving average is $45.27. Thermon Group has a twelve month low of $23.86 and a twelve month high of $71.24.

Hedge Funds Weigh In On Thermon Group

Institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new position in Thermon Group in the 2nd quarter worth $31,000. Assetmark Inc. increased its position in shares of Thermon Group by 68.1% in the 3rd quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock worth $41,000 after purchasing an additional 620 shares during the last quarter. Danske Bank A S bought a new stake in shares of Thermon Group in the 3rd quarter worth about $45,000. State of Alaska Department of Revenue bought a new stake in shares of Thermon Group in the 3rd quarter worth about $48,000. Finally, Nkcfo LLC bought a new stake in shares of Thermon Group in the 4th quarter worth about $85,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

About Thermon Group

Thermon Group, Inc (NYSE: THR) is a global provider of engineered thermal solutions designed to maintain process temperatures, prevent freezing and improve energy efficiency across industrial, commercial and power generation applications. The company specializes in the design, manufacture, installation and service of heat tracing systems, insulation and protective coatings for pipelines, tanks, vessels and other critical equipment.

Thermon’s core offerings include electric heat tracing, steam tracing, custom-engineered control panels, monitoring systems and advanced sensor technologies.