TPI Composites (TPIC) Getting Somewhat Favorable News Coverage, Analysis Finds

Media coverage about TPI Composites (NASDAQ:TPIC) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. TPI Composites earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.1856291871069 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of TPI Composites (TPIC) traded down $0.01 during midday trading on Friday, reaching $18.93. 456,598 shares of the company’s stock traded hands, compared to its average volume of 351,440. 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 twelve month low of $14.13 and a twelve month high of $26.00. The firm has a market cap of $643.81, a PE ratio of 17.05 and a beta of -1.22.

TPI Composites (NASDAQ:TPIC) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.22 by $0.36. TPI Composites had a net margin of 4.09% and a return on equity of 30.80%. The business had revenue of $243.35 million during the quarter, compared to analysts’ expectations of $252.42 million. During the same period in the previous year, the business posted $0.08 EPS. The business’s quarterly revenue was up 22.3% compared to the same quarter last year. sell-side analysts forecast that TPI Composites will post 1.3 earnings per share for the current fiscal year.

A number of analysts recently commented on TPIC shares. Roth Capital lifted their target price on shares of TPI Composites from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of TPI Composites from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. J P Morgan Chase & Co cut shares of TPI Composites from an “overweight” rating to a “neutral” rating and set a $27.00 target price for the company. in a research note on Friday, August 11th. Canaccord Genuity lifted their target price on shares of TPI Composites from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Finally, ValuEngine upgraded shares of TPI Composites from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $27.00.

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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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