TPI Composites (NASDAQ:TPIC) Earns “Neutral” Rating from JPMorgan Chase & Co.

TPI Composites (NASDAQ:TPIC)‘s stock had its “neutral” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research report issued on Thursday, Marketbeat.com reports.

Several other equities research analysts have also commented on the stock. Bank of America decreased their price objective on shares of TPI Composites from $7.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Morgan Stanley restated an “underweight” rating and issued a $2.00 target price (down from $4.00) on shares of TPI Composites in a report on Friday, November 15th. Finally, Jefferies Financial Group started coverage on shares of TPI Composites in a report on Thursday, October 17th. They issued a “hold” rating and a $5.00 target price on the stock. One research 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’s stock. Based on data from MarketBeat.com, TPI Composites has an average rating of “Hold” and a consensus price target of $4.58.

TPI Composites Stock Down 8.9 %

TPI Composites stock opened at $1.23 on Thursday. TPI Composites has a 52 week low of $1.21 and a 52 week high of $5.75. The firm’s 50-day simple moving average is $2.93 and its 200 day simple moving average is $3.82. The firm has a market capitalization of $58.50 million, a PE ratio of -0.33 and a beta of 1.82.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its stake in shares of 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 last quarter. Quantbot Technologies LP increased its stake in shares of TPI Composites by 24.9% during the 3rd quarter. Quantbot Technologies LP now owns 28,391 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 5,653 shares during the last quarter. Susquehanna Fundamental Investments LLC increased its stake in shares of TPI Composites by 8.0% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 115,644 shares of the industrial products company’s stock valued at $461,000 after acquiring an additional 8,550 shares during the last quarter. Monaco Asset Management SAM increased its stake in shares of TPI Composites by 20.0% during the 2nd quarter. Monaco Asset Management SAM now owns 60,000 shares of the industrial products company’s stock valued at $239,000 after acquiring an additional 10,000 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of TPI Composites during the 2nd quarter valued at about $44,000. Institutional investors and hedge funds 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.