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

Shares of TPI Composites, Inc. (NASDAQ:TPIC - Get Free Report) have been given an average recommendation of "Hold" by the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $4.58.

Several research analysts have issued reports on TPIC shares. Piper Sandler raised their price target on shares of TPI Composites from $3.50 to $3.70 and gave the stock a "neutral" rating in a report on Monday, August 12th. Jefferies Financial Group started coverage on shares of TPI Composites in a report on Thursday, October 17th. They set a "hold" rating and a $5.00 price objective on the stock. Bank of America lowered their price objective on TPI Composites from $7.00 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Evercore ISI upgraded TPI Composites to a "strong-buy" rating in a research note on Monday, August 12th. Finally, Morgan Stanley restated an "underweight" rating and issued a $2.00 price objective (down from $4.00) on shares of TPI Composites in a research report on Friday, November 15th.

TPI Composites Stock Down 5.2 %

Shares of TPIC traded down $0.10 during trading hours on Wednesday, hitting $1.83. The company had a trading volume of 1,788,636 shares, compared to its average volume of 916,173. The firm has a market cap of $87.04 million, a price-to-earnings ratio of -0.49 and a beta of 1.82. The business has a fifty day moving average of $3.29 and a 200-day moving average of $3.93. TPI Composites has a 12 month low of $1.72 and a 12 month high of $5.75.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TPIC. SG Americas Securities LLC bought a new position in TPI Composites in the 2nd quarter valued at $44,000. Quantinno Capital Management LP purchased a new stake in shares of TPI Composites during the 3rd quarter worth $57,000. Intech Investment Management LLC purchased a new stake in TPI Composites in the third quarter valued at about $65,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in TPI Composites in the third quarter valued at about $88,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of TPI Composites by 12.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 34,347 shares of the industrial products company's stock valued at $100,000 after purchasing an additional 3,737 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

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.