TPI Composites, Inc. (NASDAQ:TPIC - Get Free Report) has earned an average rating of "Moderate Buy" from the six research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $5.09.
A number of research analysts recently weighed in on the stock. Bank of America raised their price target on shares of TPI Composites from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. raised their price target on shares of TPI Composites from $8.00 to $9.00 and gave the company an "overweight" rating in a research report on Tuesday, July 16th. Evercore ISI raised shares of TPI Composites to a "strong-buy" rating in a research report on Monday, August 12th. Finally, Piper Sandler raised their price target on shares of TPI Composites from $3.50 to $3.70 and gave the company a "neutral" rating in a research report on Monday, August 12th.
Check Out Our Latest Analysis on TPIC
TPI Composites stock opened at $4.92 on Tuesday. TPI Composites has a 1-year low of $1.63 and a 1-year high of $5.75. The firm has a market capitalization of $233.95 million, a price-to-earnings ratio of -1.06 and a beta of 1.91. The firm's fifty day moving average price is $4.12 and its two-hundred day moving average price is $4.01.
TPI Composites (NASDAQ:TPIC - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The industrial products company reported ($1.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.69) by ($0.54). The business had revenue of $309.82 million for the quarter, compared to analysts' expectations of $313.76 million. On average, research analysts forecast that TPI Composites will post -2.85 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of TPIC. Los Angeles Capital Management LLC bought a new position in shares of TPI Composites in the 1st quarter worth $147,000. Green Alpha Advisors LLC increased its holdings in shares of TPI Composites by 2.9% in the 1st quarter. Green Alpha Advisors LLC now owns 227,627 shares of the industrial products company's stock worth $662,000 after buying an additional 6,351 shares during the last quarter. Perigon Wealth Management LLC bought a new position in shares of TPI Composites in the 1st quarter worth $36,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of TPI Composites in the 1st quarter worth $77,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of TPI Composites in the 1st quarter worth $312,000. Institutional investors own 75.24% of the company's stock.
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.
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