TPI Composites (NASDAQ:TPIC) Rating Increased to Hold at StockNews.com

TPI Composites (NASDAQ:TPIC) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Several other equities analysts have also weighed in on the company. JPMorgan Chase & Co. reissued a “neutral” rating on shares of TPI Composites in a report on Thursday, December 12th. Morgan Stanley reiterated an “underweight” rating and set a $2.00 price target (down previously from $4.00) on shares of TPI Composites in a research note on Friday, November 15th. Roth Mkm decreased their price objective on TPI Composites from $2.75 to $1.50 and set a “neutral” rating for the company in a report on Friday. Finally, Bank of America dropped their price objective on shares of TPI Composites from $7.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.20.

TPI Composites Trading Down 9.3 %

Shares of NASDAQ:TPIC traded down $0.14 during midday trading on Monday, reaching $1.32. The company had a trading volume of 1,040,127 shares, compared to its average volume of 992,803. TPI Composites has a 52-week low of $1.10 and a 52-week high of $5.75. The company’s 50 day moving average price is $1.58 and its 200 day moving average price is $2.78. The stock has a market cap of $62.84 million, a P/E ratio of -0.26 and a beta of 1.82.

TPI Composites (NASDAQ:TPIC) last released its earnings results on Thursday, February 20th. The industrial products company reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.66). The business had revenue of $346.51 million for the quarter, compared to analysts’ expectations of $364.83 million. Research analysts forecast that TPI Composites will post -0.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Cerity Partners LLC bought a new stake in shares of TPI Composites during the fourth quarter valued at about $25,000. Two Sigma Securities LLC purchased a new position in TPI Composites during the fourth quarter valued at approximately $31,000. Dark Forest Capital Management LP bought a new stake in TPI Composites during the 4th quarter worth approximately $33,000. Cedar Point Capital Partners LLC lifted its stake in TPI Composites by 100.0% in the 4th quarter. Cedar Point Capital Partners LLC now owns 20,000 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Peoples Bank KS boosted its holdings in TPI Composites by 100.0% in the 4th quarter. Peoples Bank KS now owns 20,000 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 10,000 shares during the period. Institutional investors own 75.24% of the company’s stock.

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.