TPI Composites, Inc. (NASDAQ:TPIC – Get Free Report) has been assigned a consensus rating of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $11.55.
TPIC has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on TPI Composites from $12.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, October 19th. Morgan Stanley dropped their price objective on TPI Composites from $4.00 to $3.00 and set an “equal weight” rating on the stock in a research note on Friday, December 8th.
Institutional Trading of TPI Composites
TPI Composites Price Performance
TPI Composites stock opened at $3.23 on Thursday. The stock’s fifty day moving average price is $3.13 and its two-hundred day moving average price is $3.35. TPI Composites has a one year low of $1.63 and a one year high of $14.58. The firm has a market cap of $137.50 million, a PE ratio of -0.55 and a beta of 2.03.
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). The company 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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