TPI Composites, Inc. (NASDAQ:TPIC) Receives $4.58 Average Price Target from Analysts

Shares of TPI Composites, Inc. (NASDAQ:TPIC) have earned an average rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $4.58.

A number of analysts recently weighed in on TPIC shares. Bank of America decreased their price target on 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 reaffirmed an “underweight” rating and set a $2.00 price target (down from $4.00) on shares of TPI Composites in a research note on Friday, November 15th. Jefferies Financial Group started coverage on shares of TPI Composites in a report on Thursday, October 17th. They issued a “hold” rating and a $5.00 price target for the company. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of TPI Composites in a report on Thursday, December 12th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantinno Capital Management LP acquired a new stake in TPI Composites in the 3rd quarter valued at about $57,000. Intech Investment Management LLC acquired a new stake in shares of TPI Composites in the third quarter valued at approximately $65,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of TPI Composites in the third quarter valued at approximately $88,000. Quantbot Technologies LP increased its stake 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 in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of TPI Composites during the 3rd quarter worth approximately $155,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

TPI Composites Trading Up 8.0 %

Shares of TPIC opened at $1.89 on Friday. The firm has a market capitalization of $89.89 million, a PE ratio of -0.50 and a beta of 1.82. The stock’s 50 day moving average is $2.23 and its two-hundred day moving average is $3.50. TPI Composites has a twelve month low of $1.10 and a twelve month high of $5.75.

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.