Roth Mkm Cuts TPI Composites (NASDAQ:TPIC) Price Target to $1.50

TPI Composites (NASDAQ:TPIC) had its price objective cut by Roth Mkm from $2.75 to $1.50 in a research note issued to investors on Friday,Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

A number of other equities research analysts have also recently commented on the company. Bank of America decreased their price objective on TPI Composites from $7.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Morgan Stanley restated an “underweight” rating and set a $2.00 target price (down previously from $4.00) on shares of TPI Composites in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of TPI Composites in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, TPI Composites has an average rating of “Hold” and a consensus target price of $4.20.

TPI Composites Stock Performance

TPI Composites stock opened at $1.46 on Friday. The business’s fifty day moving average is $1.58 and its two-hundred day moving average is $2.78. The firm has a market cap of $69.20 million, a P/E ratio of -0.29 and a beta of 1.82. TPI Composites has a 52 week low of $1.10 and a 52 week high of $5.75.

TPI Composites (NASDAQ:TPIC) last issued its quarterly earnings results on Thursday, February 20th. The industrial products company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.66). The company had revenue of $346.51 million for the quarter, compared to analyst estimates of $364.83 million. On average, equities research analysts predict that TPI Composites will post -0.9 earnings per share for the current year.

Institutional Trading of TPI Composites

A number of institutional investors have recently modified their holdings of TPIC. Cerity Partners LLC acquired a new stake in TPI Composites in the 4th quarter valued at approximately $25,000. Two Sigma Securities LLC acquired a new stake in shares of TPI Composites in the fourth quarter valued at approximately $31,000. Dark Forest Capital Management LP bought a new stake in shares of TPI Composites in the fourth quarter worth $33,000. Cedar Point Capital Partners LLC boosted its holdings in TPI Composites by 100.0% during the fourth 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 during the last quarter. Finally, Peoples Bank KS grew its position in TPI Composites by 100.0% in the fourth 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 in the last quarter. 75.24% of the stock is currently owned by institutional investors.

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.