TPI Composites, Inc. (NASDAQ:TPIC) Given Consensus Recommendation of "Hold" by Brokerages

Shares of TPI Composites, Inc. (NASDAQ:TPIC - Get Free Report) have been assigned a consensus rating of "Hold" from the seven research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $4.58.

Several equities research analysts recently weighed in on the company. Bank of America decreased their price target on TPI Composites from $7.00 to $4.00 and set a "buy" rating for the company in a report 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 report on Friday, November 15th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of TPI Composites in a report on Thursday, December 12th.

TPI Composites Stock Up 2.8 %

Shares of NASDAQ TPIC traded up $0.04 during mid-day trading on Monday, hitting $1.46. 855,995 shares of the company were exchanged, compared to its average volume of 924,686. The stock has a 50 day simple moving average of $1.57 and a 200-day simple moving average of $2.81. TPI Composites has a 1-year low of $1.10 and a 1-year high of $5.75. The firm has a market cap of $69.44 million, a price-to-earnings ratio of -0.39 and a beta of 1.82.

Institutional Trading of TPI Composites

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantinno Capital Management LP purchased a new stake in TPI Composites in the 3rd quarter valued at about $57,000. Cerity Partners LLC acquired a new position in shares of TPI Composites in the 4th quarter valued at about $25,000. Intech Investment Management LLC acquired a new position in shares of TPI Composites in the 3rd quarter valued at about $65,000. Two Sigma Securities LLC acquired a new position in shares of TPI Composites in the 4th quarter valued at about $31,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of TPI Composites in the 4th quarter valued at 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.