TPI Composites, Inc. (NASDAQ:TPIC) Given Average Recommendation of “Hold” by Brokerages

TPI Composites, Inc. (NASDAQ:TPIC – Get Rating) has been given a consensus rating of “Hold” by the seventeen ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $26.08.

Several equities analysts have commented on the company. StockNews.com initiated coverage on TPI Composites in a research report on Thursday, March 31st. They issued a “sell” rating on the stock. Zacks Investment Research raised TPI Composites from a “sell” rating to a “hold” rating in a research report on Wednesday, March 2nd. Morgan Stanley reissued an “equal weight” rating and set a $21.00 price target (down previously from $37.00) on shares of TPI Composites in a research report on Monday, February 28th. Piper Sandler dropped their price target on TPI Composites from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, March 14th. Finally, Roth Capital raised TPI Composites from a “neutral” rating to a “buy” rating and increased their price target for the stock from $11.00 to $16.00 in a research report on Friday, May 6th.

Shares of TPI Composites stock opened at $14.04 on Tuesday. The stock’s fifty day moving average is $13.18 and its two-hundred day moving average is $14.33. The company has a market capitalization of $523.10 million, a PE ratio of -2.80 and a beta of 1.58. The company has a quick ratio of 1.38, a current ratio of 1.45 and a debt-to-equity ratio of 0.04. TPI Composites has a 52 week low of $9.23 and a 52 week high of $51.79.

TPI Composites (NASDAQ:TPIC – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The industrial products company reported ($0.71) EPS for the quarter, beating the consensus estimate of ($0.90) by $0.19. The company had revenue of $384.90 million for the quarter, compared to the consensus estimate of $392.92 million. TPI Composites had a negative return on equity of 88.53% and a negative net margin of 10.13%. TPI Composites’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) EPS. As a group, research analysts anticipate that TPI Composites will post -1.39 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. ARK Investment Management LLC acquired a new stake in TPI Composites in the fourth quarter valued at approximately $194,000. Sustainable Insight Capital Management LLC acquired a new stake in TPI Composites in the fourth quarter valued at approximately $154,000. Barclays PLC boosted its stake in shares of TPI Composites by 250.0% in the third quarter. Barclays PLC now owns 15,818 shares of the industrial products company’s stock worth $534,000 after acquiring an additional 11,299 shares during the last quarter. Clean Yield Group boosted its stake in shares of TPI Composites by 193.2% in the fourth quarter. Clean Yield Group now owns 12,634 shares of the industrial products company’s stock worth $189,000 after acquiring an additional 8,325 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its stake in shares of TPI Composites by 64.2% in the third quarter. Gotham Asset Management LLC now owns 26,456 shares of the industrial products company’s stock worth $893,000 after acquiring an additional 10,340 shares during the last quarter.

TPI Composites Company Profile (Get Rating)

TPI Composites, Inc manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs). The company also provides composite solutions for the transportation industry; and field service inspection and repair services to OEM customers and wind farm owners and operators.

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