Streetbeat News

TPG

TPG Inc.

https://www.tpg.com

Industry

Asset Management

TPG Inc. operates as an alternative asset manager worldwide. It offers investment management services to unconsolidated funds, collateralized loan obligations, and other vehicles; monitoring services to portfolio companies; advisory services, debt and equity arrangements, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies. The company invests in private equity funds, real estate funds, fund of hedge funds, and credit funds. TPG Inc. was founded in 1992 and is headquartered in Fort Worth, Texas. TPG Inc. operates as a subsidiary of TPG GP A, LLC.

Open

65.26

Mkt cap

24B

Volume

2M

High

65.42

P/E Ratio

-195.97

52-wk high

70.67

Low

63.48

Div yield

0.03

52-wk low

33.69

Analyst ratings for TPG (NASDAQ:TPG) have varied over the past three months, with a recent shift towards a more neutral stance. The latest 12-month price targets suggest an average of $46.17, marking a 9.49% increase from the previous average of $42.17. Analyst actions include both upgrades and downgrades, reflecting diverse perspectives on TPG's financial health and market position. Despite impressive revenue growth of 131.44% as of December 31, 2023, TPG faces challenges in market capitalization, profitability, and debt management.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 9:00 pm

Jefferies analyst Gerald O'Hara has maintained a Hold rating on TPG (NASDAQ:TPG) and reduced the price target from $46 to $44.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 7:35 pm

Stocks faltered as Fed officials signaled a need for higher-for-longer interest rates, affecting market sentiment. The S&P 500 and Nasdaq 100 saw slight declines, while Uber and other stocks reacted to earnings reports. Energy sector stocks gained modestly following a report of declining crude oil inventories.

Portfolio Pulse from Piero Cingari

May 08, 2024 | 5:26 pm

TPG reported Q1 adjusted earnings of $0.49 per share, surpassing the $0.43 estimate, marking a 104.17% increase from last year. However, their sales of $451.21M fell short of the $466.24M estimate, despite being a 69.98% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:22 pm

UBS analyst Adam Beatty maintains a Buy rating on TPG (NASDAQ:TPG) and raises the price target from $45 to $50.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 4:40 pm

JMP Securities analyst Brian McKenna has reiterated a 'Market Perform' rating on TPG (NASDAQ:TPG), indicating a neutral outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 5:40 pm

TPG has announced the reopening of its takeover offer for Intervest, transitioning the offer to a simplified squeeze-out. The bid price will be adjusted to account for a dividend expected to be approved at Intervest's AGM.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:59 pm

TPG has agreed to acquire Classic Collision, marking an expansion in the collision repair sector. The terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 12:10 pm

Analysts have recently updated their ratings and price targets for TPG (NASDAQ:TPG), showing a positive outlook with an average 12-month price target of $42.71, reflecting a 12.9% increase from the previous target. The updates include raised price targets from analysts at Citigroup, Wells Fargo, Keefe, Bruyette & Woods, BMO Capital, Morgan Stanley, and TD Cowen. TPG's financial performance shows significant revenue growth but challenges in net margin, ROE, ROA, and high debt levels.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 8:00 pm

Goldman Sachs analyst Alexander Blostein maintains a Buy rating on TPG (NASDAQ:TPG), indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 5:24 pm

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