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

Shares of TPI Composites, Inc. (NASDAQ:TPIC) have been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $4.20.

A number of equities analysts recently issued reports on the stock. Morgan Stanley reissued an “underweight” rating and issued a $2.00 price target (down from $4.00) on shares of TPI Composites in a research note on Friday, November 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of TPI Composites in a report on Thursday, December 12th. Bank of America reduced their price target 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. Finally, Roth Mkm cut their price objective on TPI Composites from $2.75 to $1.50 and set a “neutral” rating for the company in a research note on Friday.

TPI Composites Stock Performance

NASDAQ:TPIC opened at $1.46 on Monday. TPI Composites has a 52-week low of $1.10 and a 52-week high of $5.75. The firm has a market capitalization of $69.20 million, a price-to-earnings ratio of -0.29 and a beta of 1.82. The stock has a fifty day moving average of $1.58 and a 200 day moving average of $2.78.

TPI Composites (NASDAQ:TPIC) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.66). The company had revenue of $346.51 million during the quarter, compared to the consensus estimate of $364.83 million. Equities analysts forecast that TPI Composites will post -0.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantinno Capital Management LP acquired a new position in shares of TPI Composites in the 3rd quarter valued at $57,000. Cerity Partners LLC purchased a new stake in TPI Composites during the 4th quarter valued at about $25,000. Intech Investment Management LLC acquired a new position in shares of TPI Composites in the third quarter valued at about $65,000. Two Sigma Securities LLC purchased a new position in shares of TPI Composites in the fourth quarter worth about $31,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of TPI Composites during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

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.