Jefferies Group LLC Reaffirms “Buy” Rating for Thermon Group Holdings, Inc. (THR)

Jefferies Group LLC reiterated their buy rating on shares of Thermon Group Holdings, Inc. (NYSE:THR) in a research note issued to investors on Friday morning. They currently have a $25.00 price objective on the technology company’s stock, up from their prior price objective of $21.00.

Several other research firms also recently commented on THR. BMO Capital Markets lowered their price objective on shares of Thermon Group Holdings from $23.00 to $21.00 and set an outperform rating for the company in a research note on Thursday, August 3rd. BidaskClub downgraded shares of Thermon Group Holdings from a hold rating to a sell rating in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of Thermon Group Holdings from a hold rating to a sell rating in a research note on Saturday, August 5th. ValuEngine upgraded shares of Thermon Group Holdings from a sell rating to a hold rating in a research note on Thursday, June 29th. Finally, Wolfe Research started coverage on shares of Thermon Group Holdings in a research note on Tuesday, July 11th. They set a market perform rating for the company. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $24.50.

Shares of Thermon Group Holdings (NYSE THR) opened at 20.83 on Friday. The stock has a market capitalization of $674.93 million, a price-to-earnings ratio of 54.96 and a beta of 0.97. Thermon Group Holdings has a 52 week low of $15.74 and a 52 week high of $21.52. The firm’s 50-day moving average is $17.39 and its 200-day moving average is $18.73.

Thermon Group Holdings (NYSE:THR) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.04). Thermon Group Holdings had a return on equity of 3.88% and a net margin of 4.99%. The company had revenue of $51.70 million for the quarter, compared to analyst estimates of $58.35 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The company’s quarterly revenue was down 18.5% on a year-over-year basis. Analysts forecast that Thermon Group Holdings will post $0.41 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and international copyright and trademark law. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/09/jefferies-group-llc-reaffirms-buy-rating-for-thermon-group-holdings-inc-thr.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. M&T Bank Corp lifted its position in Thermon Group Holdings by 0.8% during the second quarter. M&T Bank Corp now owns 12,062 shares of the technology company’s stock valued at $232,000 after purchasing an additional 99 shares during the period. Legal & General Group Plc lifted its position in Thermon Group Holdings by 4.1% during the second quarter. Legal & General Group Plc now owns 8,143 shares of the technology company̵

Several other research firms also recently commented on THR. BMO Capital Markets lowered their price objective on shares of Thermon Group Holdings from $23.00 to $21.00 and set an outperform rating for the company in a research note on Thursday, August 3rd. BidaskClub downgraded shares of Thermon Group Holdings from a hold rating to a sell rating in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of Thermon Group Holdings from a hold rating to a sell rating in a research note on Saturday, August 5th. ValuEngine upgraded shares of Thermon Group Holdings from a sell rating to a hold rating in a research note on Thursday, June 29th. Finally, Wolfe Research started coverage on shares of Thermon Group Holdings in a research note on Tuesday, July 11th. They set a market perform rating for the company. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $24.50.

Shares of Thermon Group Holdings (NYSE THR) opened at 20.83 on Friday. The stock has a market capitalization of $674.93 million, a price-to-earnings ratio of 54.96 and a beta of 0.97. Thermon Group Holdings has a 52 week low of $15.74 and a 52 week high of $21.52. The firm’s 50-day moving average is $17.39 and its 200-day moving average is $18.73.

Thermon Group Holdings (NYSE:THR) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.04). Thermon Group Holdings had a return on equity of 3.88% and a net margin of 4.99%. The company had revenue of $51.70 million for the quarter, compared to analyst estimates of $58.35 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The company’s quarterly revenue was down 18.5% on a year-over-year basis. Analysts forecast that Thermon Group Holdings will post $0.41 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and international copyright and trademark law. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/09/jefferies-group-llc-reaffirms-buy-rating-for-thermon-group-holdings-inc-thr.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. M&T Bank Corp lifted its position in Thermon Group Holdings by 0.8% during the second quarter. M&T Bank Corp now owns 12,062 shares of the technology company’s stock valued at $232,000 after purchasing an additional 99 shares during the period. Legal & General Group Plc lifted its position in Thermon Group Holdings by 4.1% during the second quarter. Legal & General Group Plc now owns 8,143 shares of the technology company’s stock valued at $155,000 after purchasing an additional 320 shares during the period. The Manufacturers Life Insurance Company lifted its position in Thermon Group Holdings by 2.2% during the second quarter. The Manufacturers Life Insurance Company now owns 26,052 shares of the technology company’s stock valued at $499,000 after purchasing an additional 566 shares during the period. Wells Fargo & Company MN lifted its position in Thermon Group Holdings by 0.3% during 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 period. Finally, Rhumbline Advisers lifted its position in Thermon Group Holdings by 2.1% during the second quarter. Rhumbline Advisers now owns 38,333 shares of the technology company’s stock valued at $735,000 after purchasing an additional 784 shares during the period.

Thermon Group Holdings Company Profile

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

Leave a Reply