Thermon Group Holdings Inc (THR) Receives Consensus Rating of “Buy” from Analysts

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Thermon Group Holdings Inc (NYSE:THR) has been assigned an average recommendation of “Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $28.67.

Several research firms recently weighed in on THR. Zacks Investment Research downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 10th. SunTrust Banks reiterated a “hold” rating and issued a $26.00 target price on shares of Thermon Group in a report on Tuesday, August 7th. Finally, BMO Capital Markets lifted their target price on shares of Thermon Group from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, August 2nd.

Thermon Group stock traded down $1.55 during trading on Wednesday, hitting $21.83. The company had a trading volume of 13,155 shares, compared to its average volume of 95,061. Thermon Group has a 1-year low of $20.52 and a 1-year high of $27.95. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.66 and a current ratio of 3.93. The company has a market capitalization of $755.41 million, a PE ratio of 22.05 and a beta of 1.09.

Thermon Group (NYSE:THR) last posted its earnings results on Wednesday, August 1st. The technology company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.10. Thermon Group had a net margin of 4.19% and a return on equity of 9.55%. The firm had revenue of $88.90 million during the quarter, compared to the consensus estimate of $78.65 million. During the same quarter last year, the firm earned $0.08 EPS. The firm’s revenue for the quarter was up 71.8% on a year-over-year basis. As a group, equities research analysts forecast that Thermon Group will post 1.3 earnings per share for the current year.

Several large investors have recently bought and sold shares of THR. Albert D Mason Inc. acquired a new position in shares of Thermon Group in the third quarter worth $216,000. Nisa Investment Advisors LLC purchased a new stake in shares of Thermon Group during the 2nd quarter worth $235,000. Brown Advisory Inc. purchased a new stake in shares of Thermon Group during the 1st quarter worth $287,000. Victory Capital Management Inc. lifted its position in shares of Thermon Group by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 16,837 shares of the technology company’s stock worth $385,000 after purchasing an additional 2,309 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Thermon Group by 162.7% during the 1st quarter. JPMorgan Chase & Co. now owns 18,267 shares of the technology company’s stock worth $409,000 after purchasing an additional 11,314 shares during the last quarter.

Thermon Group Company Profile

Thermon Group Holdings, Inc provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines.

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