Thermon Group Holdings, Inc. (NYSE:THR)‘s stock had its “buy” rating reissued by research analysts at Jefferies Group LLC in a research report issued to clients and investors on Friday. They currently have a $25.00 price target on the technology company’s stock, up from their previous price target of $21.00. Jefferies Group LLC’s price objective suggests a potential upside of 20.02% from the stock’s previous close.

Several other research firms have also recently issued reports on THR. BMO Capital Markets increased their price objective on Thermon Group Holdings from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday. ValuEngine upgraded Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. BidaskClub upgraded Thermon Group Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Wolfe Research began coverage on Thermon Group Holdings in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. Finally, Zacks Investment Research upgraded Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $24.50.

Shares of Thermon Group Holdings (NYSE:THR) opened at 20.83 on Friday. Thermon Group Holdings has a 1-year low of $15.74 and a 1-year high of $21.52. The firm has a market cap of $674.93 million, a PE ratio of 54.96 and a beta of 0.97. The company has a 50-day moving average of $17.39 and a 200-day moving average of $18.73.

Thermon Group Holdings (NYSE:THR) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.04). The business had revenue of $51.70 million during the quarter, compared to analysts’ expectations of $58.35 million. Thermon Group Holdings had a return on equity of 3.88% and a net margin of 4.99%. The company’s revenue was down 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS. Analysts predict that Thermon Group Holdings will post $0.43 earnings per share for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of THR. Wells Fargo & Company MN grew its holdings in Thermon Group Holdings by 0.3% in the first quarter. Wells Fargo & Company MN now owns 183,407 shares of the technology company’s stock valued at $3,822,000 after purchasing an additional 599 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in Thermon Group Holdings in the first quarter valued at $215,000. TD Asset Management Inc. grew its holdings in Thermon Group Holdings by 42.8% in the first quarter. TD Asset Management Inc. now owns 19,700 shares of the technology company’s stock valued at $411,000 after purchasing an additional 5,900 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in Thermon Group Holdings by 2.9% in the first quarter. Parametric Portfolio Associates LLC now owns 31,131 shares of the technology company’s stock valued at $649,000 after purchasing an additional 867 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Thermon Group Holdings in the first quarter valued at $109,000.

Thermon Group Holdings Company Profile

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