News articles about Thermon Group (NYSE:THR) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Thermon Group earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.5211463387076 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Thermon Group (NYSE:THR) opened at $22.10 on Tuesday. Thermon Group has a 12-month low of $15.74 and a 12-month high of $26.50. The firm has a market capitalization of $739.63, a PE ratio of 52.62 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.95 and a current ratio of 3.73.
Several equities analysts have recently commented on THR shares. TheStreet upgraded Thermon Group from a “c” rating to a “b-” rating in a research note on Monday, October 23rd. Zacks Investment Research raised Thermon Group from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Friday, January 12th. SunTrust Banks reaffirmed a “hold” rating and set a $20.00 price objective on shares of Thermon Group in a research report on Tuesday, October 24th. William Blair raised Thermon Group from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 29th. Finally, BMO Capital Markets raised their price objective on Thermon Group from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $24.25.
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Thermon Group Company Profile
Thermon Group Holdings, Inc is a provider of engineered thermal solutions for process industries. The Company operates through four segments based on four geographic countries or regions: United States, Canada, Europe and Asia. Its product portfolio includes self-regulating and power limiting heating cables, which change heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated (MI) cable; skin effect trace heater; heat traced tube bundles for environmental gas sampling systems; heat transfer compounds and steam tracers for steam tracing solutions; control and monitoring systems for electric tracing of pipes, tanks, hoppers and instrument sampling systems; turnkey solutions that provide solutions for heat tracing, including design, optimization, installation and ongoing maintenance; products and services, such as heating, sensing, monitoring, controlling and calibration tools, and temporary electric power distribution and lighting products.
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