TPI Composites (NASDAQ:TPIC) Given Neutral Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of TPI Composites (NASDAQ:TPIC - Free Report) in a report published on Thursday morning, Marketbeat Ratings reports.

Other analysts also recently issued research reports about the company. Morgan Stanley reissued an "underweight" rating and issued a $2.00 price target (down previously from $4.00) on shares of TPI Composites in a report on Friday, November 15th. 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 target price on the stock. Finally, 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 report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $4.58.

TPI Composites Trading Down 6.2 %

TPIC traded down $0.09 on Thursday, hitting $1.35. 1,504,396 shares of the company's stock were exchanged, compared to its average volume of 937,529. The stock has a fifty day moving average of $2.99 and a two-hundred day moving average of $3.83. TPI Composites has a twelve month low of $1.32 and a twelve month high of $5.75. The firm has a market cap of $64.21 million, a PE ratio of -0.38 and a beta of 1.82.

Institutional Investors Weigh In On TPI Composites

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in TPI Composites by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 2,286,597 shares of the industrial products company's stock valued at $6,654,000 after purchasing an additional 72,056 shares in the last quarter. Price T Rowe Associates Inc. MD lifted 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 buying an additional 3,737 shares during the period. SG Americas Securities LLC bought a new position in TPI Composites during the second quarter valued at about $44,000. Bank of New York Mellon Corp grew its holdings in TPI Composites by 26.9% during the second quarter. Bank of New York Mellon Corp now owns 156,765 shares of the industrial products company's stock worth $625,000 after acquiring an additional 33,275 shares during the period. Finally, Rhumbline Advisers raised its position in TPI Composites by 30.6% in the second quarter. Rhumbline Advisers now owns 76,989 shares of the industrial products company's stock worth $307,000 after acquiring an additional 18,045 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

TPI Composites Company Profile

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.