Thermon Group Holdings (THR) Valuation Makes it Worth the Wait, Rosenblatt Reiterates Buy After Earnings

June 2, 2020 7:17 AM EDT
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Price: $15.86 -0.81%

Rating Summary:
    7 Buy, 4 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 8 | New: 9
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Rosenblatt analyst Scott Graham reiterated a Buy rating and $19.00 price target on Thermon Group Holdings (NYSE: THR) after the company reported 4Q earnings, noting that sales remain under pressure with most of its revenues derived from the Oil & Gas and Chemical verticals.

The analyst stated "We're not expecting either newly hatched cost reductions or mix-rich MRO to save earnings from the beatings we're still forecasting in the next two quarters. But we do expect earnings to inflect in F4Q21 and rise strongly in F22. And at the current valuation, we think it's worth the wait and reiterate BUY".

For an analyst ratings summary and ratings history on Thermon Group Holdings click here. For more ratings news on Thermon Group Holdings click here.

Shares of Thermon Group Holdings closed at $14.28 yesterday.

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