Analysts Set TPI Composites Inc (TPIC) Target Price at $25.80

TPI Composites Inc (NASDAQ:TPIC) has been assigned a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $26.00.

TPIC has been the topic of a number of research reports. Roth Capital raised their target price on shares of TPI Composites from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Cowen and Company set a $26.00 target price on shares of TPI Composites and gave the company a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research raised shares of TPI Composites from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, JPMorgan Chase & Co. downgraded shares of TPI Composites from an “overweight” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research note on Friday, August 11th.

TPI Composites (NASDAQ TPIC) traded down 0.36% during mid-day trading on Wednesday, hitting $22.34. The stock had a trading volume of 144,424 shares. The company has a market cap of $732.73 million, a price-to-earnings ratio of 41.91 and a beta of -0.46. The company has a 50 day moving average price of $20.55 and a 200-day moving average price of $20.55. TPI Composites has a one year low of $13.27 and a one year high of $23.30.

TPI Composites (NASDAQ:TPIC) last announced its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.27. The company had revenue of $248.19 million for the quarter, compared to analyst estimates of $225.36 million. TPI Composites had a net margin of 5.58% and a return on equity of 46.07%. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. Equities analysts expect that TPI Composites will post $0.91 earnings per share for the current fiscal year.

In other TPI Composites news, Director Jack A. Henry bought 3,400 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average price of $21.70 per share, with a total value of $73,780.00. Following the purchase, the director now owns 13,800 shares in the company, valued at approximately $299,460. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 73.70% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of TPI Composites by 5,354.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,000 shares of the industrial products company’s stock valued at $1,109,000 after acquiring an additional 58,900 shares during the period. Renaissance Technologies LLC purchased a new position in shares of TPI Composites in the 1st quarter valued at $1,042,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of TPI Composites in the 1st quarter valued at $424,000. Marshall Wace North America L.P. purchased a new position in shares of TPI Composites in the 2nd quarter valued at $3,081,000. Finally, Oxford Asset Management purchased a new position in shares of TPI Composites in the 1st quarter valued at $210,000. 33.09% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Analysts Set TPI Composites Inc (TPIC) Target Price at $25.80” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/09/30/analysts-set-tpi-composites-inc-tpic-target-price-at-25-80.html.

About TPI Composites

TPI Composites, Inc manufactures com

TPIC has been the topic of a number of research reports. Roth Capital raised their target price on shares of TPI Composites from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Cowen and Company set a $26.00 target price on shares of TPI Composites and gave the company a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research raised shares of TPI Composites from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, JPMorgan Chase & Co. downgraded shares of TPI Composites from an “overweight” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research note on Friday, August 11th.

TPI Composites (NASDAQ TPIC) traded down 0.36% during mid-day trading on Wednesday, hitting $22.34. The stock had a trading volume of 144,424 shares. The company has a market cap of $732.73 million, a price-to-earnings ratio of 41.91 and a beta of -0.46. The company has a 50 day moving average price of $20.55 and a 200-day moving average price of $20.55. TPI Composites has a one year low of $13.27 and a one year high of $23.30.

TPI Composites (NASDAQ:TPIC) last announced its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.27. The company had revenue of $248.19 million for the quarter, compared to analyst estimates of $225.36 million. TPI Composites had a net margin of 5.58% and a return on equity of 46.07%. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. Equities analysts expect that TPI Composites will post $0.91 earnings per share for the current fiscal year.

In other TPI Composites news, Director Jack A. Henry bought 3,400 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average price of $21.70 per share, with a total value of $73,780.00. Following the purchase, the director now owns 13,800 shares in the company, valued at approximately $299,460. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 73.70% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of TPI Composites by 5,354.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,000 shares of the industrial products company’s stock valued at $1,109,000 after acquiring an additional 58,900 shares during the period. Renaissance Technologies LLC purchased a new position in shares of TPI Composites in the 1st quarter valued at $1,042,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of TPI Composites in the 1st quarter valued at $424,000. Marshall Wace North America L.P. purchased a new position in shares of TPI Composites in the 2nd quarter valued at $3,081,000. Finally, Oxford Asset Management purchased a new position in shares of TPI Composites in the 1st quarter valued at $210,000. 33.09% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Analysts Set TPI Composites Inc (TPIC) Target Price at $25.80” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/09/30/analysts-set-tpi-composites-inc-tpic-target-price-at-25-80.html.

About TPI Composites

TPI Composites, Inc manufactures composite wind blades. The Company operates through four segments. The United States segment includes the manufacturing of wind blades at its Newton, Iowa plant; the manufacturing of precision molding and assembly systems used for the manufacture of wind blades in its Warren, Rhode Island facility, and the manufacturing of composite solutions for the transportation industry, which it also conducts in its Rhode Island and Massachusetts facilities.

Analyst Recommendations for TPI Composites (NASDAQ:TPIC)

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