Currently, TPG Inc [TPG] is trading at $45.40, down -0.24%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TPG shares have gain 2.74% over the last week, with a monthly amount glided 7.79%, and seem to be holding up well over a long-time horizon.
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On 29, February 2024, TPG Announces Pricing of Senior Notes. In a post published today on Yahoo Finance, TPG Inc. (“TPG” or the “Company”) (Nasdaq: TPG), a leading global alternative asset management firm, today announced that TPG Operating Group II, L.P. (the “Issuer”), an indirect subsidiary of TPG, priced a registered public offering of $600 million aggregate principal amount of 5.875% senior notes due 2034 (the “notes”). The notes will be fully and unconditionally guaranteed by TPG and certain of the Issuer’s direct subsidiaries. The offering is expected to close on March 5, 2024, subject to the satisfaction of customary closing conditions.
From an analyst’s perspective:
TPG Inc [NASDAQ: TPG] stock has seen the most recent analyst activity on January 04, 2024, when TD Cowen initiated its Market Perform rating and assigned the stock a price target of $38. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $32 on May 19, 2023. JP Morgan downgraded its rating to a Neutral and reduced its price target to $34 on January 24, 2023. Credit Suisse started tracking with a Neutral rating for this stock on October 19, 2022, and assigned it a price target of $27.50. In a note dated October 17, 2022, Jefferies initiated an Hold rating and provided a target price of $30 on this stock.
This stock has fluctuated between a low of $24.74 and a high of $45.90 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $46.17 within the next 12 months. TPG Inc [NASDAQ: TPG] shares were valued at $45.40 at the most recent close of the market. An investor can expect a potential return of 1.7% based on the average TPG price forecast.
Analyzing the TPG fundamentals
Trailing Twelve Months sales for TPG Inc [NASDAQ:TPG] were 2.39B which represents 133.86% growth. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.16 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.85.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 45.01 points at the first support level, and at 44.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.80, and for the 2nd resistance point, it is at 46.20.
TPG Inc [TPG] reported earnings per share of $0.51 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.41/share, meaning a difference of $0.1 and a surprise factor of 24.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.56 per share as compared to estimates of $0.37 per share, a difference of $0.19 representing a surprise of 51.40%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.53, the price to book ratio is 6.32.
Transactions by insiders
Recent insider trading involved BONDERMAN DAVID, Director, that happened on Feb 29 when 1.58 million shares were sold. Executive Chairman, COULTER JAMES G completed a deal on Feb 29 to sell 1.33 million shares. Meanwhile, Chief Executive Officer WINKELRIED JON sold 1.0 million shares on Feb 29.
