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

Shares of TPI Composites, Inc. (NASDAQ:TPIC) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $4.58.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Swedbank AB boosted its stake in shares of TPI Composites by 210.6% during the fourth quarter. Swedbank AB now owns 131,063 shares of the industrial products company’s stock worth $248,000 after buying an additional 88,868 shares during the period. Sustainable Insight Capital Management LLC acquired a new stake in TPI Composites during the 4th quarter worth approximately $80,000. 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 purchasing an additional 10,000 shares during the last quarter. 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 purchasing an additional 10,000 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings 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 period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

TPI Composites Trading Up 11.3 %

Shares of NASDAQ:TPIC opened at $1.68 on Thursday. The company has a market cap of $79.91 million, a PE ratio of -0.45 and a beta of 1.82. The company’s 50 day moving average is $1.72 and its two-hundred day moving average is $3.18. TPI Composites has a 52 week low of $1.10 and a 52 week high of $5.75.

TPI Composites (NASDAQ:TPIC) last posted its earnings results on Thursday, November 7th. The industrial products company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.47). The company had revenue of $380.76 million during the quarter, compared to analysts’ expectations of $346.50 million. During the same quarter in the previous year, the business earned ($1.71) earnings per share. As a group, equities research analysts expect that TPI Composites will post -3.8 EPS for the current year.

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.