TPI Composites, Inc. (NASDAQ:TPIC) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of TPI Composites, Inc. (NASDAQ:TPIC - Get Free Report) have earned a consensus rating of "Hold" from the nine research firms that are covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $9.22.

Separately, Piper Sandler restated a "neutral" rating and issued a $3.00 target price (down previously from $4.00) on shares of TPI Composites in a research note on Friday, February 23rd.

Institutional Investors Weigh In On TPI Composites

Institutional investors have recently modified their holdings of the business. Graham Capital Management L.P. grew its position in shares of TPI Composites by 359.4% during the 3rd quarter. Graham Capital Management L.P. now owns 124,474 shares of the industrial products company's stock valued at $330,000 after buying an additional 97,377 shares during the last quarter. SG Americas Securities LLC grew its position in shares of TPI Composites by 115.9% during the 4th quarter. SG Americas Securities LLC now owns 75,939 shares of the industrial products company's stock valued at $314,000 after buying an additional 40,758 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in shares of TPI Composites during the 3rd quarter valued at about $680,000. Rock Point Advisors LLC increased its stake in shares of TPI Composites by 98.9% in the third quarter. Rock Point Advisors LLC now owns 632,825 shares of the industrial products company's stock valued at $1,677,000 after purchasing an additional 314,715 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in shares of TPI Composites by 43.1% in the third quarter. Handelsbanken Fonder AB now owns 1,299,695 shares of the industrial products company's stock valued at $3,444,000 after purchasing an additional 391,463 shares during the period. Institutional investors own 75.24% of the company's stock.

TPI Composites Trading Up 1.2 %

TPIC stock traded up $0.03 during trading on Tuesday, reaching $2.59. The stock had a trading volume of 1,115,549 shares, compared to its average volume of 1,136,505. TPI Composites has a 1-year low of $1.63 and a 1-year high of $13.24. The company has a market capitalization of $122.95 million, a P/E ratio of -0.61 and a beta of 2.03. The firm has a fifty day moving average price of $2.83 and a 200 day moving average price of $2.80.

TPI Composites (NASDAQ:TPIC - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of ($0.91) by $1.18. The firm had revenue of $296.99 million during the quarter, compared to analyst estimates of $340.91 million. During the same quarter in the prior year, the firm earned ($0.73) EPS. Sell-side analysts predict that TPI Composites will post -1.47 EPS for the current year.

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.