TPI Composites (NASDAQ:TPIC) had its price objective raised by Morgan Stanley from $29.00 to $31.00 in a research note published on Tuesday, Marketbeat Ratings reports. Morgan Stanley currently has a buy rating on the industrial products company’s stock.

Several other brokerages have also commented on TPIC. Canaccord Genuity raised their price objective on shares of TPI Composites from $26.00 to $35.50 and gave the stock a buy rating in a report on Wednesday, July 11th. Roth Capital set a $37.00 price objective on shares of TPI Composites and gave the stock a buy rating in a report on Tuesday, July 10th. Craig Hallum lifted their target price on shares of TPI Composites from $33.00 to $45.00 and gave the company a buy rating in a report on Thursday, July 26th. JMP Securities lifted their target price on shares of TPI Composites from $36.00 to $38.00 and gave the company a market outperform rating in a report on Wednesday, August 8th. Finally, TheStreet upgraded shares of TPI Composites from a c rating to a b- rating in a report on Monday, July 23rd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $33.83.

Shares of TPIC opened at $27.96 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 1.65 and a debt-to-equity ratio of 0.39. TPI Composites has a one year low of $16.35 and a one year high of $32.22. The stock has a market capitalization of $937.05 million, a price-to-earnings ratio of 22.37 and a beta of -0.91.

TPI Composites (NASDAQ:TPIC) last issued its quarterly earnings data on Tuesday, August 7th. The industrial products company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.09). TPI Composites had a return on equity of 17.01% and a net margin of 3.17%. The company had revenue of $230.61 million during the quarter, compared to analysts’ expectations of $240.29 million. sell-side analysts predict that TPI Composites will post 0.3 EPS for the current fiscal year.

In related news, Director Daniel G. Weiss sold 5,075 shares of the firm’s stock in a transaction that occurred on Friday, July 20th. The shares were sold at an average price of $29.56, for a total transaction of $150,017.00. Following the completion of the sale, the director now owns 6,620 shares of the company’s stock, valued at $195,687.20. The sale was disclosed in a legal 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 that occurred on Wednesday, July 18th. The shares were sold at an average price of $30.06, for a total transaction of $10,429,948.26. Following the sale, the director now directly owns 6,620 shares of the company’s stock, valued at approximately $198,997.20. The disclosure for this sale can be found here. Insiders have sold 2,098,775 shares of company stock valued at $59,191,099 over the last quarter. Company insiders own 58.20% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in TPIC. Metropolitan Life Insurance Co. NY bought a new stake in shares of TPI Composites during the second quarter valued at approximately $162,000. Sei Investments Co. increased its position in shares of TPI Composites by 40.3% during the first quarter. Sei Investments Co. now owns 7,992 shares of the industrial products company’s stock valued at $179,000 after acquiring an additional 2,294 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of TPI Composites during the second quarter valued at approximately $208,000. MetLife Investment Advisors LLC bought a new stake in shares of TPI Composites during the second quarter valued at approximately $214,000. Finally, Koch Industries Inc. bought a new stake in shares of TPI Composites during the first quarter valued at approximately $215,000. 51.31% of the stock is owned by institutional investors.

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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