Somewhat Positive Media Coverage Somewhat Unlikely to Affect TPI Composites (TPIC) Stock Price

Media headlines about TPI Composites (NASDAQ:TPIC) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TPI Composites earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 44.8045034462443 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

A number of analysts have recently weighed in on TPIC shares. ValuEngine raised TPI Composites from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. JMP Securities started coverage on TPI Composites in a research note on Thursday, November 16th. They set an “outperform” rating and a $33.00 price objective for the company. JPMorgan Chase & Co. raised TPI Composites from a “neutral” rating to an “overweight” rating and set a $27.00 price objective for the company in a research note on Thursday, November 30th. Zacks Investment Research lowered TPI Composites from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Finally, BidaskClub raised TPI Composites from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $27.38.

Shares of TPI Composites (NASDAQ:TPIC) opened at $18.26 on Tuesday. TPI Composites has a 52 week low of $15.26 and a 52 week high of $26.00. The company has a market capitalization of $663.20, a price-to-earnings ratio of 17.90 and a beta of -1.34. The company has a quick ratio of 0.93, a current ratio of 1.32 and a debt-to-equity ratio of 0.59.

TPI Composites (NASDAQ:TPIC) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.36. TPI Composites had a return on equity of 30.80% and a net margin of 4.09%. The company had revenue of $243.35 million during the quarter, compared to analyst estimates of $252.42 million. During the same quarter last year, the firm posted $0.08 earnings per share. The firm’s revenue was up 22.3% on a year-over-year basis. analysts expect that TPI Composites will post 1.3 EPS for the current fiscal year.

In related news, major shareholder Investors L. P. Angeleno II sold 32,388 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $18.79, for a total value of $608,570.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel G. Weiss sold 51,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $19.14, for a total value of $976,140.00. Following the completion of the sale, the director now directly owns 2,880 shares of the company’s stock, valued at approximately $55,123.20. The disclosure for this sale can be found here. Company insiders own 73.70% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for TPI Composites (NASDAQ:TPIC)

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