In a report released today, Stephen Byrd from Morgan Stanley maintained a Buy rating on TPI Composites (TPIC), with a price target of $25.00. The company’s shares closed last Friday at $18.48.
According to TipRanks.com, Byrd is a 3-star analyst with an average return of 0.7% and a 54.2% success rate. Byrd covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, Public Service Enterprise, and American Electric Power.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for TPI Composites with a $24.83 average price target, a 40.4% upside from current levels. In a report issued on May 8, Canaccord Genuity also maintained a Buy rating on the stock with a $20.00 price target.
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The company has a one-year high of $27.80 and a one-year low of $9.19. Currently, TPI Composites has an average volume of 628.6K.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TPIC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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). The US segment includes the production of wind blades in Newton, Iowa plant; and manufacturing of precision molding and assembly systems used for the manufacture of wind blades in Warren, Rhode Island facility, and composite solutions for the transportation industry. The Asia segment produces wind blades in Taicang Port, Dafeng, and Yangzhou, China facilities. The Mexico segment focuses its operation of wind blades in Juárez and Matamoros, Mexico. The EMEAI segment offers wind blades from two facilities in Izmir, Turkey; and also performs wind blade inspection and repair services. The company was founded by Everett Pearson and Neil Tillotson in 1968 and is headquartered in Scottsdale, AZ.
