Roth Mkm Boosts TPI Composites (NASDAQ:TPIC) Price Target to $3.75

TPI Composites (NASDAQ:TPIC - Free Report) had its price objective hoisted by Roth Mkm from $3.30 to $3.75 in a research report report published on Monday, Benzinga reports. They currently have a neutral rating on the industrial products company's stock.

Separately, Piper Sandler reiterated a neutral rating and set a $3.00 price target (down previously from $4.00) on shares of TPI Composites in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $8.53.

TPI Composites Price Performance

Shares of TPI Composites stock traded up $0.25 on Monday, hitting $3.99. 1,545,960 shares of the company's stock traded hands, compared to its average volume of 1,186,592. The company has a market capitalization of $189.41 million, a price-to-earnings ratio of -0.87 and a beta of 1.96. The company has a fifty day moving average of $2.85 and a two-hundred day moving average of $2.82. TPI Composites has a one year low of $1.63 and a one year high of $12.24.

TPI Composites (NASDAQ:TPIC - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.27 EPS for the quarter, topping the consensus estimate of ($0.91) by $1.18. The company had revenue of $296.99 million for the quarter, compared to analyst estimates of $340.91 million. During the same period last year, the business earned ($0.73) EPS. Equities research analysts anticipate that TPI Composites will post -1.6 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in TPI Composites during the 3rd quarter valued at approximately $93,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its stake in shares of TPI Composites by 46.5% during the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 546,791 shares of the industrial products company's stock valued at $1,449,000 after acquiring an additional 173,466 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in TPI Composites by 26.9% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 107,000 shares of the industrial products company's stock worth $284,000 after acquiring an additional 22,705 shares during the period. Jump Financial LLC purchased a new position in TPI Composites during the third quarter valued at approximately $79,000. Finally, Fox Run Management L.L.C. bought a new position in shares of TPI Composites in the third quarter worth approximately $94,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

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.