2 weeks Ago By ABMN Staff
Shares of TPI Composites, Inc. ( NASDAQ:TPIC – Get Free Report ) have received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports.
Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $4.74.
TPIC has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on shares of TPI Composites from $8.
00 to $9.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Jefferies Financial Group started coverage on shares of TPI Composites in a research note on Thursday, October 17th.
They set a “hold” rating and a $5.00 target price for the company. Bank of America dropped their price target on TPI Composites from $7.
00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Piper Sandler raised their price objective on TPI Composites from $3.
50 to $3.70 and gave the company a “neutral” rating in a research report on Monday, August 12th. Finally, Evercore ISI raised TPI Composites to a “strong-buy” rating in a report on Monday, August 12th.
Check Out Our Latest Stock Analysis on TPI Composites TPI Composites Stock Down 7.6 % Hedge Funds Weigh In On TPI Composites Several hedge funds and other institutional investors have recently added to or reduced their stakes in TPIC. SG Americas Securities LLC bought a new stake in shares of TPI Composites in the 2nd quarter worth $44,000.
State Board of Administration of Florida Retirement System boosted its position in shares of TPI Composites by 55.2% during the first 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 buying an additional 5,930 shares during the last quarter.
Intech Investment Management LLC bought a new stake in TPI Composites in the 3rd quarter worth about $65,000. Mirae Asset Global Investments Co. Ltd.
purchased a new position in TPI Composites in the 1st quarter worth about $77,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in TPI Composites by 12.
2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,347 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 3,737 shares during the period.
75.24% of the stock is owned by institutional investors. 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. Featured Articles Receive News & Ratings for TPI Composites Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPI Composites and related companies with MarketBeat.com's FREE daily email newsletter .
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