TPI Composites (NASDAQ:TPIC) Given Neutral Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of TPI Composites (NASDAQ:TPIC) in a report published on Thursday morning, Marketbeat reports.

A number of other equities analysts have also commented on the stock. Bank of America decreased their price target on shares of TPI Composites from $7.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group initiated coverage on TPI Composites in a research note on Thursday, October 17th. They issued a “hold” rating and a $5.00 target price on the stock. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $2.00 price target (down previously from $4.00) on shares of TPI Composites in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, TPI Composites presently has a consensus rating of “Hold” and an average price target of $4.58.

TPI Composites Stock Performance

TPIC stock opened at $1.35 on Thursday. The company’s 50 day moving average is $2.93 and its 200 day moving average is $3.82. TPI Composites has a 1-year low of $1.32 and a 1-year high of $5.75.

Institutional Trading of TPI Composites

Hedge funds have recently added to or reduced their stakes in the business. Erste Asset Management GmbH bought a new position in shares of TPI Composites during the third quarter valued at about $7,854,000. Price T Rowe Associates Inc. MD boosted its holdings 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. Vanguard Group Inc. grew its position in TPI Composites by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 2,286,597 shares of the industrial products company’s stock worth $6,654,000 after acquiring an additional 72,056 shares during the last quarter. DRW Securities LLC purchased a new position in TPI Composites in the 2nd quarter worth approximately $718,000. Finally, Sanctuary Advisors LLC purchased a new position in TPI Composites in the 2nd quarter worth approximately $1,421,000. 75.24% of the stock is 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.