Thermon Group Holdings (NYSE: THR) has recently received a number of price target changes and ratings updates:

  • 8/5/2017 – Thermon Group Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Thermon Holding Corp. is engaged in providing engineered thermal solutions, known as heat tracing, for process industries, including energy, chemical processing and power generation. Products offered by the Company include heating cables, tubing bundles and control systems while services offered by it includes design optimization, engineering, installation and maintenance services. Its products provide an external heat source to pipes, vessels and instruments for the purposes of freeze protection, temperature and flow maintenance and environmental monitoring. Thermon Holding Corp. is based in San Marcos, Texas. “
  • 8/3/2017 – Thermon Group Holdings had its price target lowered by analysts at BMO Capital Markets from $23.00 to $21.00. They now have an “outperform” rating on the stock.
  • 8/3/2017 – Thermon Group Holdings was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 7/31/2017 – Thermon Group Holdings was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/27/2017 – Thermon Group Holdings was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Thermon Holding Corp. is engaged in providing engineered thermal solutions, known as heat tracing, for process industries, including energy, chemical processing and power generation. Products offered by the Company include heating cables, tubing bundles and control systems while services offered by it includes design optimization, engineering, installation and maintenance services. Its products provide an external heat source to pipes, vessels and instruments for the purposes of freeze protection, temperature and flow maintenance and environmental monitoring. Thermon Holding Corp. is based in San Marcos, Texas. “
  • 7/13/2017 – Thermon Group Holdings was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/11/2017 – Thermon Group Holdings is now covered by analysts at Wolfe Research. They set a “market perform” rating on the stock.
  • 7/6/2017 – Thermon Group Holdings was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/29/2017 – Thermon Group Holdings was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

Thermon Group Holdings, Inc. (NYSE THR) opened at 17.46 on Thursday. The company has a market cap of $565.18 million, a price-to-earnings ratio of 46.07 and a beta of 0.98. The company has a 50-day moving average of $18.57 and a 200-day moving average of $19.68. Thermon Group Holdings, Inc. has a one year low of $16.50 and a one year high of $21.48.

Thermon Group Holdings (NYSE:THR) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.04. The firm had revenue of $51.70 million during the quarter, compared to analysts’ expectations of $58.35 million. Thermon Group Holdings had a return on equity of 3.88% and a net margin of 4.99%. The firm’s quarterly revenue was down 18.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 EPS. Equities research analysts expect that Thermon Group Holdings, Inc. will post $0.44 EPS for the current fiscal year.

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