Somewhat Positive Press Coverage Somewhat Unlikely to Affect TPI Composites (TPIC) Stock Price
Headlines about TPI Composites (NASDAQ:TPIC) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, 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 media coverage about the industrial products company an impact score of 44.9839930072162 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern’s rankings:
- TPI Composites Inc (TPIC) Director Sells $738,802.35 in Stock (americanbankingnews.com)
- Insider Selling: TPI Composites Inc (TPIC) Director Sells 39,400 Shares of Stock (americanbankingnews.com)
- Insider Selling: TPI Composites Inc (TPIC) Major Shareholder Sells 134,392 Shares of Stock (americanbankingnews.com)
- Is TPI Composites Inc (NASDAQ:TPIC) Expensive For A Reason? A Look At The Intrinsic Value (finance.yahoo.com)
- TPI Composites, Inc. to Participate at Upcoming Investor Conferences & WindEnergy Hamburg Exposition (nasdaq.com)
Several research analysts have commented on TPIC shares. TheStreet upgraded TPI Composites from a “c” rating to a “b-” rating in a research note on Monday, July 23rd. Canaccord Genuity raised their target price on TPI Composites from $26.00 to $35.50 and gave the stock a “buy” rating in a research note on Wednesday, July 11th. Roth Capital set a $37.00 target price on TPI Composites and gave the stock a “buy” rating in a research note on Tuesday, July 10th. UBS Group upgraded TPI Composites from a “neutral” rating to a “buy” rating and raised their target price for the stock from $23.00 to $31.00 in a research note on Wednesday, June 20th. Finally, ValuEngine upgraded TPI Composites from a “hold” rating to a “buy” rating in a research note on Thursday, May 17th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $33.61.
TPI Composites (NASDAQ:TPIC) last issued its quarterly earnings results on Tuesday, August 7th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.09). The business had revenue of $230.61 million for the quarter, compared to the consensus estimate of $240.29 million. TPI Composites had a net margin of 3.17% and a return on equity of 17.01%. analysts predict that TPI Composites will post 0.25 earnings per share for the current year.
In related news, Director Daniel G. Weiss sold 50,000 shares of the firm’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $26.05, for a total transaction of $1,302,500.00. Following the transaction, the director now directly owns 6,620 shares of the company’s stock, valued at approximately $172,451. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven C. Lockard sold 51,795 shares of the firm’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $27.97, for a total value of $1,448,706.15. Following the transaction, the insider now directly owns 317,416 shares in the company, valued at $8,878,125.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,515,605 shares of company stock valued at $69,492,506. Corporate insiders own 58.20% of the company’s stock.
TPI Composites Company Profile
TPI Composites, Inc manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers. The company also provides composite solutions for the transportation industry. It operates in the United States, Asia, Mexico, Europe, the Middle East, and Africa.
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