BidaskClub upgraded shares of TPI Composites (NASDAQ:TPIC) from a sell rating to a hold rating in a research report report published on Friday.
TPIC has been the topic of a number of other research reports. Canaccord Genuity increased their target price on TPI Composites from $23.00 to $26.00 and gave the stock a buy rating in a research note on Monday, November 6th. JMP Securities began coverage on TPI Composites in a research note on Thursday, November 16th. They set an outperform rating and a $33.00 price objective on the stock. Zacks Investment Research upgraded TPI Composites from a sell rating to a strong-buy rating and set a $23.00 price objective on the stock in a research note on Tuesday, January 23rd. Craig Hallum began coverage on TPI Composites in a research note on Tuesday, January 16th. They set a buy rating and a $33.00 price objective on the stock. Finally, ValuEngine upgraded TPI Composites from a hold rating to a buy rating in a research note on Thursday, November 9th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $27.38.
TPI Composites (NASDAQ TPIC) opened at $19.48 on Friday. The firm has a market capitalization of $662.52 and a P/E ratio of 18.91. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 1.32. TPI Composites has a 52 week low of $15.26 and a 52 week high of $26.00.
Institutional investors and hedge funds have recently modified their holdings of the company. Handelsinvest Investeringsforvaltning increased its stake in shares of TPI Composites by 63.3% in the 3rd quarter. Handelsinvest Investeringsforvaltning now owns 200,000 shares of the industrial products company’s stock valued at $4,468,000 after purchasing an additional 77,500 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of TPI Composites by 79.9% in the 2nd quarter. Vanguard Group Inc. now owns 485,589 shares of the industrial products company’s stock valued at $8,973,000 after purchasing an additional 215,680 shares during the last quarter. Alps Advisors Inc. bought a new position in shares of TPI Composites in the 3rd quarter valued at $519,000. FMR LLC increased its stake in shares of TPI Composites by 45.2% in the 2nd quarter. FMR LLC now owns 1,556,068 shares of the industrial products company’s stock valued at $28,756,000 after purchasing an additional 484,681 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in shares of TPI Composites in the 2nd quarter valued at $816,000. Institutional investors own 33.00% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “TPI Composites (TPIC) Lifted to “Hold” at BidaskClub” was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.chaffeybreeze.com/2018/02/20/tpi-composites-tpic-lifted-to-hold-at-bidaskclub.html.
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.
Receive News & Ratings for TPI Composites Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPI Composites and related companies with MarketBeat.com's FREE daily email newsletter.