TPI Composites (NASDAQ:TPIC) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.

A number of other equities analysts have also issued reports on TPIC. Zacks Investment Research raised shares of TPI Composites from a “sell” rating to a “strong-buy” rating and set a $23.00 price target for the company in a research report on Tuesday, January 23rd. Canaccord Genuity raised their price target on shares of TPI Composites from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Craig Hallum began coverage on shares of TPI Composites in a research report on Tuesday, January 16th. They set a “buy” rating and a $33.00 price target for the company. JPMorgan Chase & Co. raised shares of TPI Composites from a “neutral” rating to an “overweight” rating and set a $27.00 price target for the company in a research report on Thursday, November 30th. Finally, JMP Securities began coverage on shares of TPI Composites in a research report on Thursday, November 16th. They set an “outperform” rating and a $33.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $27.38.

TPI Composites (NASDAQ:TPIC) opened at $18.84 on Thursday. TPI Composites has a 1 year low of $15.26 and a 1 year high of $26.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 1.32. The stock has a market cap of $620.00, a P/E ratio of 18.47 and a beta of -1.34.

TPI Composites (NASDAQ:TPIC) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.36. TPI Composites had a net margin of 4.09% and a return on equity of 30.80%. The company had revenue of $243.35 million during the quarter, compared to analyst estimates of $252.42 million. During the same period last year, the firm posted $0.08 EPS. TPI Composites’s revenue for the quarter was up 22.3% compared to the same quarter last year. equities analysts predict that TPI Composites will post 1.3 earnings per share for the current fiscal year.

In other news, Director Daniel G. Weiss sold 51,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $19.14, for a total transaction of $976,140.00. Following the sale, the director now owns 2,880 shares of the company’s stock, valued at approximately $55,123.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Investors L. P. Angeleno II sold 32,388 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $18.79, for a total transaction of $608,570.52. The disclosure for this sale can be found here. 73.70% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of TPIC. FMR LLC grew its stake in shares of TPI Composites by 45.2% during the 2nd quarter. FMR LLC now owns 1,556,068 shares of the industrial products company’s stock worth $28,756,000 after purchasing an additional 484,681 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of TPI Composites by 435.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 302,050 shares of the industrial products company’s stock worth $6,180,000 after purchasing an additional 245,626 shares during the period. Vanguard Group Inc. grew its stake in shares of TPI Composites by 79.9% during the 2nd quarter. Vanguard Group Inc. now owns 485,589 shares of the industrial products company’s stock worth $8,973,000 after purchasing an additional 215,680 shares during the period. Neumeier Poma Investment Counsel LLC acquired a new stake in shares of TPI Composites during the 3rd quarter worth approximately $3,335,000. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of TPI Composites by 558.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 162,787 shares of the industrial products company’s stock worth $3,009,000 after purchasing an additional 138,053 shares during the period. 35.46% of the stock is currently owned by institutional investors and hedge funds.

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About TPI Composites

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.

Analyst Recommendations for TPI Composites (NASDAQ:TPIC)

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