Thermon Group (THR) Lowered to Hold at ValuEngine

Share on StockTwits

ValuEngine downgraded shares of Thermon Group (NYSE:THR) from a buy rating to a hold rating in a research report sent to investors on Thursday morning, ValuEngine reports.

Several other analysts have also recently commented on the company. Zacks Investment Research raised Thermon Group from a hold rating to a buy rating and set a $28.00 price target for the company in a report on Wednesday, April 3rd. TheStreet raised Thermon Group from a c+ rating to a b+ rating in a report on Monday, March 4th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $28.33.

THR opened at $23.58 on Thursday. The company has a quick ratio of 2.38, a current ratio of 3.35 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $823.86 million, a PE ratio of 23.82 and a beta of 1.35. Thermon Group has a 12 month low of $18.37 and a 12 month high of $27.95.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Thermon Group by 30.6% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 63,397 shares of the technology company’s stock valued at $1,554,000 after buying an additional 14,870 shares during the period. M&T Bank Corp acquired a new stake in shares of Thermon Group in the 1st quarter valued at approximately $255,000. SEI Investments Co acquired a new stake in shares of Thermon Group in the 1st quarter valued at approximately $113,000. Goldman Sachs Group Inc. lifted its holdings in shares of Thermon Group by 137.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 100,016 shares of the technology company’s stock valued at $2,451,000 after buying an additional 57,956 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Thermon Group in the 1st quarter valued at approximately $817,000.

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.

Featured Article: What is the significance of a dead cat bounce?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Thermon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thermon Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Autoliv  PT Lowered to $62.00 at Buckingham Research
Autoliv PT Lowered to $62.00 at Buckingham Research
Shotspotter  Cut to “Market Perform” at Northland Securities
Shotspotter Cut to “Market Perform” at Northland Securities
Buckingham Research Increases Sonic Automotive  Price Target to $20.00
Buckingham Research Increases Sonic Automotive Price Target to $20.00
Vail Resorts  Earns Market Perform Rating from Analysts at Wells Fargo & Co
Vail Resorts Earns Market Perform Rating from Analysts at Wells Fargo & Co
Johnson Outdoors  Downgraded by Sidoti
Johnson Outdoors Downgraded by Sidoti
Autoliv  Stock Rating Upgraded by Robert W. Baird
Autoliv Stock Rating Upgraded by Robert W. Baird


© 2006-2019 Ticker Report