TPI Composites, Inc. (NASDAQ:TPIC - Get Free Report) has earned an average rating of "Hold" from the seven ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $4.58.
A number of equities analysts have recently issued reports on the stock. Morgan Stanley restated 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. JPMorgan Chase & Co. reissued a "neutral" rating on shares of TPI Composites in a research report on Thursday, December 12th. Jefferies Financial Group assumed coverage on TPI Composites in a research note on Thursday, October 17th. They issued a "hold" rating and a $5.00 price objective on the stock. Finally, Bank of America cut their target price on TPI Composites from $7.00 to $4.00 and set a "buy" rating for the company in a research report on Thursday, November 7th.
Read Our Latest Stock Analysis on TPIC
Hedge Funds Weigh In On TPI Composites
Institutional investors have recently bought and sold shares of the business. Quantinno Capital Management LP acquired a new position in shares of TPI Composites during the third quarter worth approximately $57,000. Intech Investment Management LLC acquired a new position in TPI Composites during the 3rd quarter worth $65,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in TPI Composites in the 3rd quarter valued at $88,000. Quantbot Technologies LP increased its stake in shares of TPI Composites by 24.9% in the 3rd quarter. Quantbot Technologies LP now owns 28,391 shares of the industrial products company's stock valued at $129,000 after buying an additional 5,653 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of TPI Composites during the third quarter worth $155,000. Institutional investors own 75.24% of the company's stock.
TPI Composites Price Performance
Shares of NASDAQ:TPIC remained flat at $1.95 during trading on Friday. The stock had a trading volume of 1,730,795 shares, compared to its average volume of 1,120,299. The stock has a market capitalization of $92.75 million, a P/E ratio of -0.52 and a beta of 1.82. TPI Composites has a one year low of $1.10 and a one year high of $5.75. The company has a fifty day moving average price of $2.30 and a two-hundred day moving average price of $3.54.
About TPI Composites
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Get Free ReportTPI 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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