TPI Composites Inc (NASDAQ:TPIC)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity in a research report issued to clients and investors on Monday. They presently have a $23.00 target price on the stock. Canaccord Genuity’s price objective points to a potential upside of 14.66% from the stock’s current price.

A number of other research analysts have also weighed in on the company. Raymond James Financial Inc. began coverage on TPI Composites in a research report on Tuesday, August 16th. They set an “outperform” rating and a $20.00 price objective for the company. Cowen and Company began coverage on TPI Composites in a research report on Tuesday, August 16th. They set an “outperform” rating and a $21.00 price objective for the company. Morgan Stanley began coverage on TPI Composites in a research report on Tuesday, August 16th. They set an “overweight” rating and a $21.00 price objective for the company. Finally, JPMorgan Chase & Co. began coverage on TPI Composites in a research report on Tuesday, August 16th. They issued an “overweight” rating and a $22.00 price target for the company. Five investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of $21.40.

Analyst Recommendations for TPI Composites (NASDAQ:TPIC)

TPI Composites (NASDAQ:TPIC) opened at 20.06 on Monday. The firm’s 50 day moving average price is $18.11 and its 200-day moving average price is $17.45. The stock has a market cap of $657.95 million and a P/E ratio of 6.52. TPI Composites has a 12-month low of $11.31 and a 12-month high of $21.80.

In related news, CFO William E. Siwek purchased 9,091 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The stock was bought at an average price of $11.00 per share, for a total transaction of $100,001.00. Following the completion of the transaction, the chief financial officer now owns 9,091 shares in the company, valued at approximately $100,001. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Alton Hughes purchased 13,636 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The stock was bought at an average price of $11.00 per share, with a total value of $149,996.00. Following the transaction, the director now owns 13,636 shares of the company’s stock, valued at approximately $149,996. The disclosure for this purchase can be found here.

About TPI Composites

TPI Composites, Inc (TPI) is a United States-based company engaged in manufacturing wind blades, and related precision molding and assembly systems. The Company operates through four geographic operating segments: the United States, Asia, Mexico and Europe, the Middle East and Africa (EMEA). 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, and the manufacturing of composite solutions for the transportation industry.

5 Day Chart for NASDAQ:TPIC

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