TPI Composites, Inc. (NASDAQ:TPIC) Given Consensus Rating of “Hold” by Brokerages

TPI Composites, Inc. (NASDAQ:TPIC) has received an average recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $4.20.

Several research firms have issued reports on TPIC. Morgan Stanley restated an “underweight” rating and set a $2.00 price objective (down previously from $4.00) on shares of TPI Composites in a report on Friday, November 15th. Roth Mkm dropped their target price on TPI Composites from $2.75 to $1.50 and set a “neutral” rating on the stock in a report on Friday. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of TPI Composites in a report on Thursday, December 12th. Finally, Bank of America dropped their target price on TPI Composites from $7.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 7th.

TPI Composites Trading Down 0.3 %

NASDAQ TPIC opened at $1.46 on Monday. The stock’s 50-day moving average price is $1.57 and its two-hundred day moving average price is $2.80. The company has a market cap of $69.20 million, a PE ratio of -0.39 and a beta of 1.82. TPI Composites has a 1 year low of $1.10 and a 1 year high of $5.75.

TPI Composites (NASDAQ:TPIC) last posted its quarterly earnings data on Thursday, February 20th. The industrial products company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.66). The business had revenue of $346.51 million during the quarter, compared to analysts’ expectations of $364.83 million. Research analysts forecast that TPI Composites will post -3.8 EPS for the current fiscal year.

Institutional Investors Weigh In On TPI Composites

Large investors have recently made changes to their positions in the company. Cerity Partners LLC bought a new stake in shares of TPI Composites in the 4th quarter valued at approximately $25,000. Two Sigma Securities LLC bought a new stake in shares of TPI Composites in the 4th quarter valued at approximately $31,000. Dark Forest Capital Management LP bought a new stake in shares of TPI Composites in the 4th quarter valued at approximately $33,000. Cedar Point Capital Partners LLC grew its stake in shares of TPI Composites by 100.0% in the 4th quarter. Cedar Point Capital Partners LLC now owns 20,000 shares of the industrial products company’s stock valued at $38,000 after buying an additional 10,000 shares in the last quarter. Finally, Peoples Bank KS grew its stake in shares of TPI Composites by 100.0% in the 4th quarter. Peoples Bank KS now owns 20,000 shares of the industrial products company’s stock valued at $38,000 after buying an additional 10,000 shares in the last quarter. Institutional investors own 75.24% 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 (OEMs) in the United States, Mexico, Europe, the Middle East, Africa, and India. It also provides composite solutions for the automotive industry; and field service inspection and repair services comprising diagnostic, repair, and maintenance services for wind blades to OEM customers, and wind farm owners and operators.