Canaccord Genuity reissued their buy rating on shares of TPI Composites Inc (NASDAQ:TPIC) in a report issued on Tuesday. Canaccord Genuity currently has a $20.00 target price on the stock.

Several other brokerages have also recently commented on TPIC. Morgan Stanley reiterated a buy rating and issued a $25.00 price target on shares of TPI Composites in a research report on Tuesday, September 27th. Zacks Investment Research cut shares of TPI Composites from a hold rating to a strong sell rating in a research report on Wednesday, October 19th. Cowen and Company began coverage on shares of TPI Composites in a research report on Tuesday, August 16th. They issued an outperform rating and a $21.00 price target on the stock. Raymond James Financial Inc. began coverage on shares of TPI Composites in a research report on Tuesday, August 16th. They issued an outperform rating and a $20.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of TPI Composites in a research report on Tuesday, August 16th. They issued an overweight rating and a $22.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $21.60.

TPI Composites (NASDAQ:TPIC) opened at 14.97 on Tuesday. The company has a 50-day moving average of $18.33 and a 200 day moving average of $17.89. The stock has a market cap of $491.00 million and a price-to-earnings ratio of 4.87. TPI Composites has a 12-month low of $11.31 and a 12-month high of $23.30.

TPI Composites (NASDAQ:TPIC) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.18. The business earned $198.94 million during the quarter. The company’s revenue was up 23.1% compared to the same quarter last year. Equities analysts anticipate that TPI Composites will post $0.49 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of TPIC. General Electric Co. bought a new position in shares of TPI Composites during the third quarter worth $60,438,000. Hood River Capital Management LLC bought a new position in shares of TPI Composites during the third quarter worth $4,452,000. Wasatch Advisors Inc. bought a new position in shares of TPI Composites during the third quarter worth $4,313,000. Morgan Stanley bought a new position in shares of TPI Composites during the third quarter worth $3,497,000. Finally, GAM Holding AG bought a new position in shares of TPI Composites during the third quarter worth $1,892,000.

About TPI Composites

TPI Composites, Inc (TPI) is a United States-based company engaged in manufacturing wind blades, and related precision molding and assembly systems. The Company operates through four geographic operating segments: the United States, Asia, Mexico and Europe, the Middle East and Africa (EMEA). 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, and the manufacturing of composite solutions for the transportation industry.

5 Day Chart for NASDAQ:TPIC

Receive News & Stock Ratings for TPI Composites Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPI Composites Inc and related stocks with our FREE daily email newsletter.