Thermon Group Holdings, Inc. (NYSE:THR) Receives $57.00 Average Price Target from Analysts

Thermon Group Holdings, Inc. (NYSE:THR) has earned an average rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $57.00.

Several equities analysts have issued reports on the company. Weiss Ratings lowered Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Wall Street Zen upgraded shares of Thermon Group to a “hold” rating in a report on Saturday, May 30th.

Institutional Investors Weigh In On Thermon Group

Institutional investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new position in shares of Thermon Group during the second quarter worth $31,000. Danske Bank A S acquired a new stake in shares of Thermon Group in the 3rd quarter worth $45,000. NewEdge Advisors LLC purchased a new position in Thermon Group during the 3rd quarter worth $83,000. Nkcfo LLC purchased a new position in Thermon Group during the 4th quarter worth $85,000. Finally, BNP Paribas Financial Markets increased its position in Thermon Group by 62.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,236 shares of the technology company’s stock valued at $91,000 after buying an additional 1,245 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Thermon Group Price Performance

Thermon Group stock opened at $61.14 on Wednesday. The company has a quick ratio of 1.76, a current ratio of 2.69 and a debt-to-equity ratio of 0.25. The firm has a market cap of $2.01 billion, a P/E ratio of 45.63 and a beta of 0.83. The business has a fifty day moving average of $61.14 and a two-hundred day moving average of $57.55. Thermon Group has a twelve month low of $23.86 and a twelve month high of $71.87.

About Thermon Group

Thermon Group, Inc (NYSE: THR) is a global provider of engineered thermal solutions designed to maintain process temperatures, prevent freezing and improve energy efficiency across industrial, commercial and power generation applications. The company specializes in the design, manufacture, installation and service of heat tracing systems, insulation and protective coatings for pipelines, tanks, vessels and other critical equipment.

Thermon’s core offerings include electric heat tracing, steam tracing, custom-engineered control panels, monitoring systems and advanced sensor technologies.