Thermon Group Holdings – Consensus Points to Potential Upside of 29.9%

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Holdings of the Thermon Group with ticker code (THR) now have 2 analysts covering the stock with consensus suggesting a rating of Buy. The target price is between 18 and 15 and has an average target price of 16.5. With the previous close at 12.7, this indicates a potential upside of 29.9%. There is a 50-day moving average of 11.37 and a 200-day moving average of 13.41. The company has a market cap of $402 million. Corporate website: http://www.thermon.com

The potential market cap would be $522 million based on the market consensus.

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Thermon Group Holdings provides engineered industrial process heating solutions to the process industries worldwide. Its products include a variety of electrical heat-tracing cables, steam-tracing components, tube bundles, instrumentation and control products, process heaters, ambient heaters, and related products and services. The company offers self-regulating and wattage-limiting heating cables that automatically regulate heat output as the pipe temperature changes, as well as constant-wattage heating cables; mineral insulated cables for high temperature applications and harsh environments; skin effect heat tracing systems; Trace heating and insulated tube bundles for environmental gas sampling systems; thermal greases and steam hoses for steam-tracing solutions; tank heating and insulation systems; control and monitoring systems for heat tracing applications; control and power distribution panels and rack assemblies; and design and management services for industrial plant heat-tracing systems. It also offers automation software that generates installed CAD drawings, BOMs, and specifications for large projects; construction and field service for the installation, operation and maintenance of heat-tracing systems; explosion-proof catalytic gas heaters, convection heaters for rugged industrial applications, electric heaters for industrial processes and environments, gas and liquid filtration systems, and heat transfer systems for track and switch systems; and equipment for temporary power distribution and lighting products used in energy infrastructure construction and maintenance/turnaround projects. The company offers its solutions to the oil and gas, chemical processing, power generation, transportation, mining and other industrial markets through a network of sales and service professionals and distributors. The company was founded in 1954 and is headquartered in Austin, Texas.

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