Canaccord Genuity analyst Kenneth Herbert maintained a Buy rating on TPI Composites (NASDAQ:TPIC) on Thursday, setting a price target of $35, which is approximately 15.40% above the present share price of $30.33.
Herbert expects TPI Composites to post earnings per share (EPS) of -$0.01 for the third quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Strong Buy rating of shares in TPI Composites, with an average price target of $31.82.
The analysts price targets range from a high of $37 to a low of $26.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $356.64 million and a net profit of -$13.37 million. The company's market cap is $1.17 billion.
According to TipRanks.com, Canaccord Genuity analyst Kenneth Herbert is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 17.5% and a 69.59% success rate.
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.