After Roth Capital and Canaccord Genuity gave TPI Composites Inc (NASDAQ: TPIC) a Buy rating last month, the company received another Buy, this time from Cowen & Co. Analyst Jeff Osborne reiterated a Buy rating on TPI Composites Inc yesterday and set a price target of $35. The company’s shares closed yesterday at $29.01.
According to TipRanks.com, Osborne is a 1-star analyst with an average return of -1.4% and a 43.6% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as Roper Technologies, Visteon Corp, and BorgWarner.
TPI Composites Inc has an analyst consensus of Strong Buy, with a price target consensus of $34.50, a 18.9% upside from current levels. In a report issued on July 26, Craig-Hallum also reiterated a Buy rating on the stock with a $45 price target.
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TPI Composites Inc’s market cap is currently $989M and has a P/E ratio of 33.34. The company has a Price to Book ratio of 4.07.
Based on the recent corporate insider activity of 61 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).
