TPG (NASDAQ:TPG) Stock Price Expected to Rise, TD Cowen Analyst Says

Key Points

• TD Cowen raised TPG’s price target from $60 to $61 and maintained a “buy” rating, implying approximately 30.7% upside from the reported $46.68 share price.
• Analyst sentiment remains favorable overall: 12 analysts rate TPG a Buy and four rate it a Hold, producing a consensus “Moderate Buy” rating and an average target price of $62.07.
• TPG exceeded quarterly expectations, reporting adjusted EPS of $0.65 versus $0.63 expected and revenue of $1.22 billion, up 25.3% year over year; institutional investors and hedge funds own 94.03% of the stock.

TPG (NASDAQ:TPG - Get Free Report) had its price target boosted by TD Cowen from $60.00 to $61.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a "buy" rating on the stock. TD Cowen's target price indicates a potential upside of 30.68% from the company's current price.

A number of other brokerages have also recently commented on TPG. Morgan Stanley reduced their target price on TPG from $60.00 to $54.00 and set an "equal weight" rating for the company in a report on Tuesday, July 21st. Citizens Jmp reduced their price objective on shares of TPG from $75.00 to $68.00 and set a "market outperform" rating for the company in a research report on Thursday, July 9th. BMO Capital Markets dropped their price objective on shares of TPG from $56.00 to $52.00 and set an "outperform" rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $62.00 price target on shares of TPG in a research note on Wednesday, August 5th. Finally, Barclays upped their target price on TPG from $60.00 to $61.00 and gave the company an "overweight" rating in a research note on Friday. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, TPG has an average rating of "Moderate Buy" and a consensus target price of $62.07.

TPG Stock Performance

Shares of TPG stock traded down $1.26 on Friday, hitting $46.68. The company had a trading volume of 2,662,827 shares, compared to its average volume of 2,959,500. The firm has a market cap of $17.94 billion, a P/E ratio of 70.73, a price-to-earnings-growth ratio of 0.84 and a beta of 1.49. TPG has a twelve month low of $36.95 and a twelve month high of $70.38. The company has a 50-day moving average price of $47.09 and a 200-day moving average price of $45.97. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.63.

TPG (NASDAQ:TPG - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.02. TPG had a net margin of 4.67% and a return on equity of 28.10%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $624.66 million. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The company's revenue was up 25.3% compared to the same quarter last year. As a group, equities research analysts predict that TPG will post 2.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TPG

A number of hedge funds have recently added to or reduced their stakes in TPG. Junto Capital Management LP bought a new position in TPG in the second quarter valued at about $82,794,000. Engineers Gate Manager LP lifted its holdings in shares of TPG by 147.4% during the 2nd quarter. Engineers Gate Manager LP now owns 342,327 shares of the company's stock valued at $13,881,000 after purchasing an additional 203,956 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in TPG during the 2nd quarter worth approximately $1,720,000. Jackson Brooke LLC bought a new position in TPG in the second quarter valued at approximately $92,395,080. Finally, Caz Investments LP bought a new stake in TPG in the 2nd quarter valued at $26,358,000. Institutional investors and hedge funds own 94.03% of the company's stock.

Key Stories Impacting TPG

Here are the key news stories impacting TPG this week:

• Positive Sentiment: Third-quarter earnings exceeded expectations. TPG reported adjusted EPS of $0.65, ahead of the $0.63 consensus estimate and up from $0.53 a year earlier. Revenue rose 25.3% year over year to $1.22 billion, substantially above analysts’ estimates. TPG Inc. Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Fundraising outlook remains strong. TPG reportedly expects to raise a record $55 billion this year, suggesting continued demand for its investment products and potential support for future fee-related earnings. TPG Expects to Haul In Record $55 Billion This Year
• Positive Sentiment: Analysts raised their price targets. RBC lifted its target to $68 and reiterated “outperform,” Barclays raised its target to $61 with an “overweight” rating, and Wells Fargo increased its target to $52 while maintaining an “equal weight” view. RBC TPG rating
• Neutral Sentiment: TPG is expanding into new investment themes. The firm launched a $10 billion climate fund and is reportedly considering the approximately $5 billion acquisition of Ark Data Centres, potentially increasing exposure to climate infrastructure and data centers but also requiring substantial capital. TPG Rolls Out $10 Billion Climate Fund
• Negative Sentiment: The quarterly dividend was reduced. TPG declared a $0.55-per-share dividend, down from $0.59 previously, a 6.8% cut. Although the annualized yield remains about 4.6%, the reduction may concern income-focused investors. TPG Declares Quarterly Dividend

TPG Company Profile

TPG Inc is a global alternative asset management firm that invests across a range of strategies, including private equity, growth equity, impact investing, real estate, infrastructure, credit and secondaries. The company partners with businesses and management teams to provide capital, strategic guidance and operational support.

TPG manages investment funds for institutional investors and other clients, with a focus on sectors such as technology, healthcare, consumer products and services, financial services, and business services.

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