TPI Composites (NASDAQ:TPIC – Free Report) had its target price raised by Roth Mkm from $3.30 to $3.75 in a research report released on Monday, Benzinga reports. The firm currently has a neutral rating on the industrial products company’s stock.
Separately, Piper Sandler reiterated a neutral rating and issued a $3.00 target price (down from $4.00) on shares of TPI Composites in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $8.47.
TPI Composites Price Performance
TPI Composites (NASDAQ:TPIC – Get Free Report) last posted its earnings results on Thursday, February 22nd. The industrial products company reported $0.27 earnings per share for the quarter, topping the consensus estimate of ($0.91) by $1.18. The company had revenue of $296.99 million during the quarter, compared to analyst estimates of $340.91 million. During the same quarter last year, the firm posted ($0.73) earnings per share. As a group, research analysts expect that TPI Composites will post -1.6 EPS for the current fiscal year.
Institutional Investors Weigh In On TPI Composites
Several hedge funds have recently made changes to their positions in the stock. Citizens Financial Group Inc. RI bought a new position in TPI Composites during the third quarter valued at about $28,000. Vaughan David Investments LLC IL acquired a new stake in shares of TPI Composites during the 3rd quarter worth approximately $31,000. Perigon Wealth Management LLC bought a new stake in shares of TPI Composites during the first quarter valued at approximately $36,000. Peoples Bank KS raised its stake in shares of TPI Composites by 100.0% in the fourth quarter. Peoples Bank KS now owns 10,000 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Cedar Point Capital Partners LLC acquired a new position in shares of TPI Composites in the fourth quarter valued at $41,000. Institutional investors own 75.24% of the company’s stock.
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.
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