Piper Sandler Increases TPI Composites (NASDAQ:TPIC) Price Target to $3.70

TPI Composites (NASDAQ:TPIC) had its target price hoisted by Piper Sandler from $3.50 to $3.70 in a report issued on Monday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the industrial products company’s stock.

TPIC has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price target on TPI Composites from $8.00 to $9.00 and gave the stock an overweight rating in a research note on Tuesday, July 16th. Bank of America boosted their price target on TPI Composites from $5.00 to $6.00 and gave the company a buy rating in a report on Wednesday, July 17th. Finally, Roth Mkm boosted their price target on TPI Composites from $3.30 to $3.75 and gave the company a neutral rating in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $5.09.

TPI Composites Price Performance

TPI Composites stock opened at $3.86 on Monday. TPI Composites has a one year low of $1.63 and a one year high of $5.75. The business has a fifty day moving average price of $4.23 and a 200-day moving average price of $3.60. The firm has a market capitalization of $183.54 million, a P/E ratio of -0.84 and a beta of 1.95.

Hedge Funds Weigh In On TPI Composites

A number of institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its holdings in TPI Composites by 12.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,347 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 3,737 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in TPI Composites by 55.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 16,680 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 5,930 shares during the period. Green Alpha Advisors LLC raised its holdings in TPI Composites by 2.9% during the first quarter. Green Alpha Advisors LLC now owns 227,627 shares of the industrial products company’s stock valued at $662,000 after acquiring an additional 6,351 shares during the period. Susquehanna Fundamental Investments LLC raised its holdings in TPI Composites by 8.0% during the second quarter. Susquehanna Fundamental Investments LLC now owns 115,644 shares of the industrial products company’s stock valued at $461,000 after acquiring an additional 8,550 shares during the period. Finally, Cedar Point Capital Partners LLC bought a new stake in TPI Composites during the fourth quarter valued at about $41,000. 75.24% of the stock is owned by 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.