TPI Composites, Inc. (NASDAQ:TPIC – Get Free Report) has received an average recommendation of “Hold” from the nine ratings firms that are covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $9.22.
Separately, Piper Sandler reaffirmed a “neutral” rating and issued a $3.00 price objective (down from $4.00) on shares of TPI Composites in a research note on Friday, February 23rd.
Read Our Latest Stock Analysis on TPIC
Institutional Trading of TPI Composites
TPI Composites Stock Performance
TPIC opened at $2.39 on Tuesday. The firm has a market cap of $113.45 million, a P/E ratio of -0.57 and a beta of 2.03. TPI Composites has a 52-week low of $1.63 and a 52-week high of $12.53. The business’s fifty day moving average is $2.79 and its 200-day moving average is $2.79.
TPI Composites (NASDAQ:TPIC – Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.27 earnings per share for the quarter, beating the consensus estimate of ($0.91) by $1.18. The business had revenue of $296.99 million during the quarter, compared to analyst estimates of $340.91 million. During the same period last year, the business earned ($0.73) earnings per share. On average, research analysts predict that TPI Composites will post -1.47 earnings per share for the current fiscal year.
About TPI Composites
TPI Composites, Inc manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs) in the United States, Mexico, Europe, the Middle East, Africa, and India. It also provides composite solutions for the automotive industry; and field service inspection and repair services comprising diagnostic, repair, and maintenance services for wind blades to OEM customers, and wind farm owners and operators.
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