TPI Composites (TPIC) Receiving Somewhat Positive Press Coverage, Report Finds
News headlines about TPI Composites (NASDAQ:TPIC) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TPI Composites earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 45.6443407993988 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
TPIC has been the subject of several recent analyst reports. Barclays PLC set a $23.00 target price on TPI Composites and gave the stock a “buy” rating in a research report on Monday, May 8th. Roth Capital set a $23.00 target price on TPI Composites and gave the stock a “buy” rating in a research report on Saturday, May 27th. Zacks Investment Research cut TPI Composites from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Cowen and Company set a $26.00 target price on TPI Composites and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, J P Morgan Chase & Co cut TPI Composites from an “overweight” rating to a “neutral” rating and set a $27.00 target price for the company. in a research report on Friday, August 11th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. TPI Composites has a consensus rating of “Buy” and a consensus price target of $24.83.
Shares of TPI Composites (NASDAQ TPIC) opened at 20.41 on Thursday. The stock has a 50 day moving average price of $19.52 and a 200 day moving average price of $18.39. The firm has a market cap of $669.43 million and a PE ratio of 38.29. TPI Composites has a 12 month low of $13.27 and a 12 month high of $23.30.
TPI Composites (NASDAQ:TPIC) last posted its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.27. TPI Composites had a net margin of 2.18% and a return on equity of 18.24%. The firm had revenue of $248.19 million during the quarter, compared to the consensus estimate of $225.36 million. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. On average, equities research analysts expect that TPI Composites will post $0.91 EPS for the current year.
In related news, Director Jack A. Henry purchased 3,400 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was purchased at an average cost of $21.70 per share, with a total value of $73,780.00. Following the completion of the purchase, the director now owns 13,800 shares in the company, valued at approximately $299,460. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 73.70% of the company’s stock.
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TPI Composites Company Profile
TPI Composites, Inc manufactures composite wind blades. The Company operates through four segments. 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 in its Warren, Rhode Island facility, and the manufacturing of composite solutions for the transportation industry, which it also conducts in its Rhode Island and Massachusetts facilities.
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