TPI Composites (NASDAQ:TPIC) has been assigned a $33.00 price objective by stock analysts at Cowen in a research note issued on Thursday. The firm presently has a “buy” rating on the industrial products company’s stock. Cowen’s price target would suggest a potential upside of 28.96% from the stock’s previous close.

A number of other research firms also recently issued reports on TPIC. Craig Hallum raised their price target on TPI Composites from $33.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. Canaccord Genuity raised their price target on TPI Composites from $26.00 to $35.50 and gave the stock a “buy” rating in a research note on Wednesday, July 11th. TheStreet downgraded TPI Composites from a “b-” rating to a “c” rating in a research note on Wednesday, August 22nd. Morgan Stanley raised their price target on TPI Composites from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, September 11th. Finally, BidaskClub downgraded TPI Composites from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $34.61.

Shares of TPIC opened at $25.59 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.63 and a debt-to-equity ratio of 0.39. TPI Composites has a 12 month low of $16.35 and a 12 month high of $32.22. The firm has a market cap of $945.66 million, a price-to-earnings ratio of 20.47 and a beta of 0.13.

TPI Composites (NASDAQ:TPIC) last issued its earnings results on Wednesday, November 7th. The industrial products company reported $0.26 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.34. TPI Composites had a return on equity of 17.01% and a net margin of 3.17%. The business had revenue of $255.00 million for the quarter, compared to the consensus estimate of $258.35 million. During the same period last year, the business posted $0.62 EPS. The company’s revenue was up .6% compared to the same quarter last year. On average, equities research analysts expect that TPI Composites will post 0.35 earnings per share for the current year.

In other news, CEO Steven C. Lockard sold 51,795 shares of the firm’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $25.61, for a total value of $1,326,469.95. Following the transaction, the chief executive officer now directly owns 317,416 shares in the company, valued at approximately $8,129,023.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Philip J. Deutch sold 51,664 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $26.46, for a total value of $1,367,029.44. Following the completion of the transaction, the director now owns 6,620 shares in the company, valued at $175,165.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,629,265 shares of company stock worth $71,588,130. Company insiders own 58.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Alps Advisors Inc. raised its holdings in TPI Composites by 10.6% in the 2nd quarter. Alps Advisors Inc. now owns 23,222 shares of the industrial products company’s stock worth $475,000 after purchasing an additional 2,218 shares during the period. Keybank National Association OH raised its holdings in TPI Composites by 16.1% in the 3rd quarter. Keybank National Association OH now owns 16,648 shares of the industrial products company’s stock worth $475,000 after purchasing an additional 2,312 shares during the period. First Quadrant L P CA raised its holdings in TPI Composites by 155.0% in the 3rd quarter. First Quadrant L P CA now owns 4,852 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 2,949 shares during the period. Alliancebernstein L.P. raised its holdings in TPI Composites by 23.7% in the 3rd quarter. Alliancebernstein L.P. now owns 17,200 shares of the industrial products company’s stock worth $491,000 after purchasing an additional 3,300 shares during the period. Finally, Rhumbline Advisers raised its holdings in TPI Composites by 37.9% in the 2nd quarter. Rhumbline Advisers now owns 13,634 shares of the industrial products company’s stock worth $399,000 after purchasing an additional 3,750 shares during the period. 51.54% of the stock is currently owned by institutional investors.

About TPI Composites

TPI Composites, Inc manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers. The company also provides composite solutions for the transportation industry. It operates in the United States, Asia, Mexico, Europe, the Middle East, and Africa.

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Analyst Recommendations for TPI Composites (NASDAQ:TPIC)

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