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Zacks: Brokerages Set $8.67 Price Target for TCP

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Post# of 23091
Posted On: 03/11/2015 8:37:08 AM
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Posted By: fitzkarz
Zacks: Brokerages Set $8.67 Price Target for TCP International Holdings (NASDAQ:TCPI)
March 11th, 2015 - 0 comments - Filed Under - by Thomas Dobrow
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TCP International Holdings logoShares of TCP International Holdings (NASDAQ:TCPI) have earned a consensus broker rating score of 1.67 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and two have given a strong buy rating to the company. TCP International Holdings’ rating score has declined by 67% from three months ago as a result of various analysts’ ratings changes.

Brokerages have set a twelve-month consensus target price of $8.67 for the company, according to Zacks. Zacks has also assigned TCP International Holdings an industry rank of 24 out of 265 based on the ratings given to its competitors.

Shares of TCP International Holdings (NASDAQ:TCPI) opened at 2.76 on Thursday. TCP International Holdings has a 1-year low of $2.52 and a 1-year high of $11.40. The stock’s 50-day moving average is $5.74 and its 200-day moving average is $6.2. The company has a market cap of $76.4 million and a price-to-earnings ratio of 6.73.

Separately, analysts at Piper Jaffray downgraded shares of TCP International Holdings from an “overweight” rating to a “neutral” rating in a research note on Monday, March 2nd.

TCP International Holdings Ltd. (NASDAQ:TCPI) is a global provider of energy efficient light-emitting diode (LED) and compact fluorescent lamp (CFL) lighting technologies. It designs, develops, manufactures and delivers energy efficient lamps, fixtures and Internet-based lighting control solutions.

To get a free copy of the research report on TCP International Holdings (TCPI), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com

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