TPI Composites, Inc. (NASDAQ:TPIC) Receives $6.63 Consensus PT from Brokerages

TPI Composites, Inc. (NASDAQ:TPICGet Free Report) has received a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $6.63.

TPIC has been the topic of a number of analyst reports. Roth Mkm increased their target price on shares of TPI Composites from $3.30 to $3.75 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Piper Sandler reiterated a “neutral” rating and issued a $3.00 price target (down from $4.00) on shares of TPI Composites in a research note on Friday, February 23rd.

Read Our Latest Report on TPI Composites

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TPIC. Citizens Financial Group Inc. RI acquired a new stake in shares of TPI Composites during the third quarter worth $28,000. Perigon Wealth Management LLC acquired a new stake in TPI Composites during the 1st quarter worth about $36,000. Peoples Bank KS raised its position in shares of TPI Composites by 100.0% in the 4th quarter. Peoples Bank KS now owns 10,000 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 5,000 shares in the last quarter. Cedar Point Capital Partners LLC acquired a new position in shares of TPI Composites in the 4th quarter valued at about $41,000. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of TPI Composites by 55.2% during the 1st 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 purchasing an additional 5,930 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

TPI Composites Trading Up 3.9 %

NASDAQ:TPIC opened at $5.07 on Wednesday. The firm’s fifty day moving average price is $3.93 and its two-hundred day moving average price is $3.34. TPI Composites has a one year low of $1.63 and a one year high of $11.08.

TPI Composites (NASDAQ:TPICGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported ($1.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.59). The business had revenue of $299.06 million during the quarter, compared to analysts’ expectations of $299.93 million. On average, sell-side analysts forecast that TPI Composites will post -2.11 EPS for the current fiscal year.

TPI Composites Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for TPI Composites (NASDAQ:TPIC)

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