TPI Composites, Inc. (NASDAQ:TPIC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of TPI Composites, Inc. (NASDAQ:TPIC) have been assigned a consensus rating of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $4.58.

A number of research analysts have weighed in on the stock. Bank of America cut their price objective on shares of TPI Composites from $7.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Evercore ISI raised shares of TPI Composites to a “strong-buy” rating in a report on Monday, August 12th. Piper Sandler boosted their target price on shares of TPI Composites from $3.50 to $3.70 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Morgan Stanley reissued an “underweight” rating and set a $2.00 target price (down previously from $4.00) on shares of TPI Composites in a research note on Friday, November 15th. Finally, Jefferies Financial Group started coverage on shares of TPI Composites in a research note on Thursday, October 17th. They set a “hold” rating and a $5.00 target price for the company.

Institutional Trading of TPI Composites

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in TPI Composites during the 2nd quarter valued at about $44,000. Quantinno Capital Management LP purchased a new stake in TPI Composites during the 3rd quarter valued at about $57,000. Intech Investment Management LLC purchased a new stake in TPI Composites during the 3rd quarter valued at about $65,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in TPI Composites during the 3rd quarter valued at about $88,000. Finally, Quantbot Technologies LP grew its stake in TPI Composites by 24.9% during the 3rd quarter. Quantbot Technologies LP now owns 28,391 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 5,653 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

TPI Composites Trading Down 2.0 %

NASDAQ:TPIC opened at $1.93 on Wednesday. TPI Composites has a 12 month low of $1.90 and a 12 month high of $5.75. The firm has a fifty day simple moving average of $3.34 and a 200-day simple moving average of $3.95. The company has a market capitalization of $91.79 million, a P/E ratio of -0.51 and a beta of 1.82.

About TPI Composites

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.