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

TPI Composites, Inc. (NASDAQ:TPIC) has been given an average recommendation of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $4.58.

A number of research firms have recently issued reports on TPIC. Morgan Stanley restated an “underweight” rating and issued a $2.00 price target (down from $4.00) on shares of TPI Composites in a research report on Friday, November 15th. Bank of America dropped their target price on TPI Composites from $7.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of TPI Composites in a research note on Thursday, December 12th.

TPI Composites Stock Performance

TPIC opened at $1.32 on Monday. TPI Composites has a twelve month low of $1.10 and a twelve month high of $5.75. The firm has a market capitalization of $62.78 million, a PE ratio of -0.35 and a beta of 1.82. The firm’s 50-day moving average price is $1.57 and its 200 day moving average price is $2.86.

Institutional Investors Weigh In On TPI Composites

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TPIC. Quantbot Technologies LP boosted its position in shares of TPI Composites by 24.9% during the 3rd quarter. Quantbot Technologies LP now owns 28,391 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 5,653 shares during the period. Barclays PLC increased its holdings in TPI Composites by 14.9% during the 4th quarter. Barclays PLC now owns 69,542 shares of the industrial products company’s stock worth $131,000 after purchasing an additional 9,004 shares during the period. Peoples Bank KS raised its position in 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 purchasing an additional 10,000 shares in the last quarter. Cedar Point Capital Partners LLC boosted 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 during the period. Finally, Quantinno Capital Management LP acquired a new position in TPI Composites during the 3rd quarter worth approximately $57,000. Hedge funds and other 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.