TPG Inc [NASDAQ: TPG] slipped around -3.13 points on Thursday, while shares priced at $46.55 at the close of the session, down -6.30%.
Compared to the average trading volume of 1.16M shares, TPG reached a trading volume of 3574579 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about TPG Inc [TPG]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TPG shares is $70.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TPG stock is a recommendation set at 2.07. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for TPG Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 12, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $43 to $52. The new note on the price target was released on May 10, 2024, representing the official price target for TPG Inc stock. Previously, the target price had yet another raise to $38, while TD Cowen analysts kept a Market Perform rating on TPG stock.
The Average True Range (ATR) for TPG Inc is set at 2.50, with the Price to Sales ratio for TPG stock in the period of the last 12 months amounting to 4.92. The Price to Book ratio for the last quarter was 6.48, with the Price to Cash per share for the same quarter was set at 2.22.
How has TPG stock performed recently?
TPG Inc [TPG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.94. With this latest performance, TPG shares dropped by -23.42% in over the last four-week period, additionally sinking by -7.23% over the last 6 months – not to mention a rise of 5.60% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TPG stock in for the last two-week period is set at 27.53, with the RSI for the last a single of trading hit 27.43, and the three-weeks RSI is set at 29.20 for TPG Inc [TPG]. The present Moving Average for the last 50 days of trading for this stock 60.49, while it was recorded at 48.09 for the last single week of trading, and 56.24 for the last 200 days.
Earnings analysis for TPG Inc [TPG]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TPG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for TPG Inc go to 21.32%.
Insider trade positions for TPG Inc [TPG]
There are presently around $81.65%, or 89.09%% of TPG stock, in the hands of institutional investors. The top three institutional holders of TPG stocks are: WELLINGTON MANAGEMENT GROUP LLP with ownership of 9.41 million shares, which is approximately 10.5575%. BLACKROCK INC., holding 8.62 million shares of the stock with an approximate value of $$357.25 million in TPG stocks shares; and BLACKROCK INC., currently with $$321.59 million in TPG stock with ownership which is approximately 8.7064%.
