BMO Capital Upgrades Thermon Group Holdings Inc to Outperform with Price Target $23

Brokerage firm BMO Capital Upgrades its rating on Thermon Group Holdings Inc(THR). As per the latest information, BMO Capital Raises the price target to $23 per share from a prior target of $20. The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the stock financial advisor at BMO Capital was issued on Mar 27, 2017 in a research report to their Investors and Clients.

Thermon Group Holdings Inc (THR) shares turned negative on Fridays trading session with the shares closing down -0.06 points or -0.31% at a volume of 71,306. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.54. The peak price level was also seen at $19.54 while the days lowest was $19.31. Finally the shares closed at $19.35. The 52-week high of the shares is $21.87 while the 52-week low is $16.5. According to the latest information available, the market cap of the company is $626 M.

Thermon Group Holdings Inc(THR) last announced its earnings results on Feb 8, 2017 for Fiscal Year 2017 and Q3.Earnings per share were $0.16. Analysts had estimated an EPS of $0.17.

Several Insider Transactions has been reported to the SEC. On Jan 13, 2016, Jay Peterson (CFO) purchased 1,000 shares at $16.58 per share price.Also, On Sep 8, 2015, Charles A Sorrentino (director) sold 2,000 shares at $22.56 per share price.On Jun 5, 2015, Der Salm Johannes Rene Van (SVP – Operations) sold 9,000 shares at $24.58 per share price, according to the Form-4 filing with the securities and exchange commission.

Thermon Group Holdings Inc. is a provider of engineered thermal solutions for process industries. The Company is a thermal solutions provider which offers a range of products such as heating cables tubing bundles and control systems and services such as design optimization engineering and installation and maintenance services. The Company’s thermal solutions also referred to as heat tracing provide an external heat source to pipes vessels and instruments for the purposes of freeze protection temperature and flow maintenance environmental monitoring and surface snow and ice melting. The Company also offers temporary electrical power distribution products including power distribution panels master or slave sub-panels power cords and lighting fixtures through its Sumac product line. Its products include a range of electric heat tracing cables steam tracing components tubing bundles and instrument and control products as well as various complementary product lines.

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