Brokerages Set TPI Composites, Inc. (NASDAQ:TPIC) Price Target at $4.58

Shares of TPI Composites, Inc. (NASDAQ:TPICGet Free Report) have earned an average rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat.com 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 1-year price objective among brokers that have issued ratings on the stock in the last year is $4.58.

Several research analysts have issued reports on TPIC shares. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of TPI Composites in a research report on Thursday, December 12th. Bank of America lowered their price target on shares of TPI Composites from $7.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Morgan Stanley reiterated an “underweight” rating and issued a $2.00 price objective (down previously from $4.00) on shares of TPI Composites in a research note on Friday, November 15th. Finally, Jefferies Financial Group began coverage on shares of TPI Composites in a research report on Thursday, October 17th. They set a “hold” rating and a $5.00 target price on the stock.

Read Our Latest Analysis on TPI Composites

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Swedbank AB grew its stake in TPI Composites by 210.6% in the 4th quarter. Swedbank AB now owns 131,063 shares of the industrial products company’s stock valued at $248,000 after acquiring an additional 88,868 shares during the last quarter. Sustainable Insight Capital Management LLC acquired a new position in TPI Composites during the fourth quarter worth about $80,000. Cedar Point Capital Partners LLC lifted its holdings in shares of TPI Composites by 100.0% in the fourth quarter. Cedar Point Capital Partners LLC 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. Peoples Bank KS grew its position in shares of TPI Composites by 100.0% in the fourth 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 during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of TPI Composites by 433.6% in the third quarter. JPMorgan Chase & Co. now owns 145,666 shares of the industrial products company’s stock valued at $663,000 after purchasing an additional 118,365 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

TPI Composites Stock Up 11.3 %

Shares of TPI Composites stock opened at $1.68 on Thursday. The firm has a market cap of $79.91 million, a price-to-earnings ratio of -0.45 and a beta of 1.82. TPI Composites has a 52-week low of $1.10 and a 52-week high of $5.75. The company’s 50-day simple moving average is $1.72 and its 200-day simple moving average is $3.18.

TPI Composites (NASDAQ:TPICGet Free Report) last released its earnings results on Thursday, November 7th. The industrial products company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.47). The business had revenue of $380.76 million during the quarter, compared to the consensus estimate of $346.50 million. During the same quarter last year, the firm earned ($1.71) EPS. Equities research analysts anticipate that TPI Composites will post -3.8 EPS for the current year.

TPI Composites Company Profile

(Get Free Report

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.

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Analyst Recommendations for TPI Composites (NASDAQ:TPIC)

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