Shares of TPI Composites, Inc. (NASDAQ:TPIC – Get Free Report) have been given an average recommendation of “Hold” by the eight analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $3.16.
Several equities research analysts have weighed in on the company. UBS Group lowered their price target on TPI Composites from $1.60 to $1.40 and set a “neutral” rating for the company in a report on Thursday, May 29th. Jefferies Financial Group downgraded TPI Composites from a “hold” rating to an “underperform” rating and decreased their price target for the company from $2.30 to $0.50 in a report on Tuesday, March 18th.
Read Our Latest Analysis on TPIC
Institutional Trading of TPI Composites
TPI Composites Price Performance
TPIC opened at $1.17 on Friday. The business’s 50-day moving average is $1.08 and its two-hundred day moving average is $1.22. TPI Composites has a 1 year low of $0.64 and a 1 year high of $5.26. The firm has a market capitalization of $56.92 million, a PE ratio of -0.24 and a beta of 2.10.
TPI Composites (NASDAQ:TPIC – Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The industrial products company reported ($1.01) earnings per share for the quarter, missing the consensus estimate of ($0.50) by ($0.51). The business had revenue of $332.45 million during the quarter, compared to analyst estimates of $310.50 million. As a group, sell-side analysts expect that TPI Composites will post -0.9 EPS for the current year.
TPI Composites Company Profile
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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