Roth Mkm Has Lowered Expectations for TPI Composites (NASDAQ:TPIC) Stock Price

TPI Composites (NASDAQ:TPIC - Get Free Report) had its price target cut by investment analysts at Roth Mkm from $2.75 to $1.50 in a research note issued on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the industrial products company's stock. Roth Mkm's price target suggests a potential upside of 22.95% from the company's previous close.

Other analysts also recently issued reports about the stock. Bank of America cut 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 report on Thursday, November 7th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of TPI Composites in a report on Thursday, December 12th. Finally, Morgan Stanley reissued an "underweight" rating and set a $2.00 price target (down from $4.00) on shares of TPI Composites in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, TPI Composites currently has a consensus rating of "Hold" and a consensus target price of $3.83.

TPI Composites Stock Performance

TPIC traded down $0.10 during trading on Friday, reaching $1.22. 1,095,511 shares of the company's stock were exchanged, compared to its average volume of 995,941. The company's fifty day moving average price is $1.58 and its 200-day moving average price is $2.76. The firm has a market capitalization of $58.08 million, a PE ratio of -0.24 and a beta of 1.82. TPI Composites has a fifty-two week low of $1.10 and a fifty-two week high of $5.75.

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TPI Composites (NASDAQ:TPIC - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported ($0.81) EPS 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 analyst estimates of $364.83 million. Research analysts forecast that TPI Composites will post -0.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TPI Composites

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cerity Partners LLC bought a new position in shares of TPI Composites during the fourth quarter worth about $25,000. Two Sigma Securities LLC acquired a new position in TPI Composites during the 4th quarter worth approximately $31,000. Dark Forest Capital Management LP bought a new position in shares of TPI Composites during the 4th quarter worth approximately $33,000. Cedar Point Capital Partners LLC raised 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 during the last quarter. Finally, Peoples Bank KS lifted 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 worth $38,000 after purchasing an additional 10,000 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

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.