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

Shares of TPI Composites, Inc. (NASDAQ:TPICGet Rating) have been assigned a consensus recommendation of “Hold” from the sixteen analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $26.08.

A number of analysts have recently weighed in on TPIC shares. StockNews.com started coverage on shares of TPI Composites in a report on Thursday, March 31st. They set a “sell” rating for the company. Stifel Nicolaus dropped their target price on shares of TPI Composites from $27.00 to $17.00 in a report on Friday, March 11th. Piper Sandler dropped their target price on shares of TPI Composites from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, March 14th. Morgan Stanley reiterated an “equal weight” rating and set a $21.00 target price (down from $37.00) on shares of TPI Composites in a report on Monday, February 28th. Finally, Roth Capital upgraded shares of TPI Composites from a “neutral” rating to a “buy” rating and increased their target price for the stock from $11.00 to $16.00 in a report on Friday, May 6th.

Shares of NASDAQ:TPIC opened at $13.69 on Friday. The stock’s 50-day moving average price is $13.04 and its 200-day moving average price is $13.40. TPI Composites has a 12-month low of $9.23 and a 12-month high of $51.79. The stock has a market capitalization of $510.06 million, a P/E ratio of -2.73 and a beta of 1.56. The company has a current ratio of 1.45, a quick ratio of 1.40 and a debt-to-equity ratio of 0.04.

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

Hedge funds have recently modified their holdings of the stock. Banque Cantonale Vaudoise purchased a new stake in shares of TPI Composites in the first quarter worth $28,000. Ensign Peak Advisors Inc purchased a new stake in shares of TPI Composites in the fourth quarter worth $35,000. NN Investment Partners Holdings N.V. purchased a new stake in shares of TPI Composites in the first quarter worth $37,000. Dark Forest Capital Management LP purchased a new stake in shares of TPI Composites in the third quarter worth $52,000. Finally, Exane Derivatives bought a new position in shares of TPI Composites during the first quarter valued at $71,000.

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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