In a report released today, Scott Graham from Rosenblatt Securities reiterated a Buy rating on Thermon Group Holdings (THR – Research Report), with a price target of $19.00. The company’s shares closed last Tuesday at $13.18, close to its 52-week low of $12.62.
According to TipRanks.com, Graham is a 5-star analyst with an average return of 6.3% and a 59.8% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation, AO Smith, and Pentair.
Thermon Group Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $23.50.
Based on Thermon Group Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $100 million and net profit of $6.52 million. In comparison, last year the company earned revenue of $119 million and had a net profit of $9.72 million.
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