TPI Composites (NASDAQ:TPIC) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Other equities analysts also recently issued reports about the company. JMP Securities increased their target price on TPI Composites from $36.00 to $38.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 8th. Morgan Stanley increased their target price on TPI Composites from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, September 11th. Canaccord Genuity increased their target price on TPI Composites from $26.00 to $35.50 and gave the company a “buy” rating in a research report on Wednesday, July 11th. Roth Capital set a $37.00 target price on TPI Composites and gave the company a “buy” rating in a research report on Tuesday, July 10th. Finally, Craig Hallum increased their target price on TPI Composites from $33.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $33.83.

TPI Composites stock opened at $28.53 on Thursday. The company has a quick ratio of 1.63, a current ratio of 1.65 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $993.15 million, a price-to-earnings ratio of 22.82 and a beta of -0.91. TPI Composites has a 12 month low of $16.35 and a 12 month high of $32.22.

TPI Composites (NASDAQ:TPIC) last posted its earnings results on Tuesday, August 7th. The industrial products company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.09). The firm had revenue of $230.61 million during the quarter, compared to the consensus estimate of $240.29 million. TPI Composites had a net margin of 3.17% and a return on equity of 17.01%. research analysts anticipate that TPI Composites will post 0.3 EPS for the current year.

In other news, insider Steven C. Lockard sold 51,795 shares of the firm’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $27.97, for a total transaction of $1,448,706.15. Following the completion of the transaction, the insider now directly owns 317,416 shares in the company, valued at $8,878,125.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Philip J. Deutch sold 346,971 shares of the firm’s stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $30.06, for a total value of $10,429,948.26. Following the transaction, the director now owns 6,620 shares of the company’s stock, valued at $198,997.20. The disclosure for this sale can be found here. Insiders have sold 2,348,218 shares of company stock valued at $66,067,228 over the last 90 days. 58.20% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Trigran Investments Inc. raised its position in shares of TPI Composites by 130.7% during the second quarter. Trigran Investments Inc. now owns 848,543 shares of the industrial products company’s stock worth $24,811,000 after acquiring an additional 480,751 shares during the last quarter. Sei Investments Co. raised its position in shares of TPI Composites by 411.0% during the second quarter. Sei Investments Co. now owns 40,838 shares of the industrial products company’s stock worth $1,194,000 after acquiring an additional 32,846 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of TPI Composites by 315.5% during the first quarter. JPMorgan Chase & Co. now owns 56,203 shares of the industrial products company’s stock worth $1,261,000 after acquiring an additional 42,675 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University bought a new position in shares of TPI Composites during the second quarter worth about $2,496,000. Finally, Wasatch Advisors Inc. raised its position in shares of TPI Composites by 62.2% during the second quarter. Wasatch Advisors Inc. now owns 387,575 shares of the industrial products company’s stock worth $11,333,000 after acquiring an additional 148,558 shares during the last quarter. Institutional investors own 51.24% of the company’s stock.

TPI Composites Company Profile

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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