Morgan Stanley analyst Stephen Byrd maintained a Buy rating on TPI Composites Inc (NASDAQ: TPIC) today and set a price target of $31. The company’s shares closed yesterday at $27.46.
According to TipRanks.com, Byrd is a 3-star analyst with an average return of 2.7% and a 61.4% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and South Jersey Industries.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for TPI Composites Inc with a $34.31 average price target.
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TPI Composites Inc’s market cap is currently $939.9M and has a P/E ratio of 31.56. The company has a Price to Book ratio of 4.02.
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock.
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TPI Composites, Inc. is a holding company, which engages in the manufacture of composite wind blades for the wind energy market. It operates through the following segments: United States (US); Asia; Mexico; and Europe, the Middle East, and Africa (EMEA).
