TPI Composites (NASDAQ:TPIC) was upgraded by equities researchers at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a research report issued on Thursday. The firm currently has a $27.00 price target on the industrial products company’s stock. J P Morgan Chase & Co’s price target suggests a potential upside of 42.63% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Roth Capital upped their price target on TPI Composites from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded TPI Composites from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a report on Wednesday, October 11th. ValuEngine upgraded TPI Composites from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Cowen set a $26.00 price target on TPI Composites and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, JMP Securities began coverage on TPI Composites in a report on Thursday, November 16th. They issued an “outperform” rating and a $33.00 price target for the company. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $27.00.

TPI Composites (NASDAQ TPIC) opened at $18.93 on Thursday. The firm has a market capitalization of $644.15, a P/E ratio of 17.06 and a beta of -1.22. TPI Composites has a fifty-two week low of $14.13 and a fifty-two week high of $26.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 0.93.

TPI Composites (NASDAQ:TPIC) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.36. The firm had revenue of $243.35 million during the quarter, compared to analysts’ expectations of $252.42 million. TPI Composites had a return on equity of 30.80% and a net margin of 4.09%. TPI Composites’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 EPS. equities analysts forecast that TPI Composites will post 1.3 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in TPIC. JPMorgan Chase & Co. acquired a new position in shares of TPI Composites in the 1st quarter valued at approximately $205,000. Geode Capital Management LLC raised its position in shares of TPI Composites by 50.9% in the 1st quarter. Geode Capital Management LLC now owns 94,939 shares of the industrial products company’s stock valued at $1,804,000 after purchasing an additional 32,038 shares in the last quarter. Morgan Stanley raised its position in shares of TPI Composites by 209.6% in the 1st quarter. Morgan Stanley now owns 183,555 shares of the industrial products company’s stock valued at $3,489,000 after purchasing an additional 124,267 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of TPI Composites in the 1st quarter valued at approximately $1,042,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of TPI Composites by 5.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 24,734 shares of the industrial products company’s stock valued at $471,000 after purchasing an additional 1,368 shares in the last quarter. 33.90% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “TPI Composites (TPIC) Stock Rating Upgraded by J P Morgan Chase & Co” was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/12/02/tpi-composites-tpic-stock-rating-upgraded-by-j-p-morgan-chase-co.html.

About TPI Composites

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.

Analyst Recommendations for TPI Composites (NASDAQ:TPIC)

Receive News & Ratings for TPI Composites Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPI Composites Inc and related companies with MarketBeat.com's FREE daily email newsletter.