Tecnoglass (NASDAQ:TGLS) Price Target Raised to $85.00

Tecnoglass (NASDAQ:TGLS - Get Free Report) had its price objective boosted by investment analysts at Robert W. Baird from $76.00 to $85.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's price objective would suggest a potential upside of 12.54% from the stock's previous close.

A number of other equities analysts have also weighed in on TGLS. B. Riley reiterated a "neutral" rating and issued a $72.00 price target (up previously from $69.00) on shares of Tecnoglass in a report on Thursday, October 10th. Stifel Nicolaus raised their target price on shares of Tecnoglass from $50.00 to $59.00 and gave the company a "hold" rating in a research note on Friday, August 9th. DA Davidson raised their target price on shares of Tecnoglass from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, August 13th. Finally, Sidoti raised shares of Tecnoglass from a "neutral" rating to a "buy" rating and set a $68.00 target price on the stock in a research note on Wednesday, June 26th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $65.67.

Tecnoglass Trading Down 3.3 %

Shares of TGLS traded down $2.57 during mid-day trading on Monday, reaching $75.53. The company had a trading volume of 362,726 shares, compared to its average volume of 374,609. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 21.77 and a beta of 1.86. The firm has a fifty day simple moving average of $65.93 and a 200-day simple moving average of $57.05. Tecnoglass has a fifty-two week low of $28.21 and a fifty-two week high of $80.51. The company has a current ratio of 2.43, a quick ratio of 1.80 and a debt-to-equity ratio of 0.24.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. The company had revenue of $219.65 million for the quarter, compared to analyst estimates of $219.29 million. Tecnoglass had a net margin of 17.97% and a return on equity of 28.12%. Tecnoglass's revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the business earned $1.12 EPS. On average, sell-side analysts anticipate that Tecnoglass will post 3.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Tecnoglass

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank purchased a new stake in Tecnoglass during the 2nd quarter worth $39,000. X Square Capital LLC increased its stake in Tecnoglass by 5.7% during the 2nd quarter. X Square Capital LLC now owns 4,363 shares of the company's stock worth $219,000 after buying an additional 237 shares during the period. PFG Investments LLC purchased a new stake in Tecnoglass during the 2nd quarter worth $220,000. EntryPoint Capital LLC acquired a new position in Tecnoglass during the 1st quarter worth $227,000. Finally, Tidal Investments LLC acquired a new position in Tecnoglass during the 1st quarter worth $245,000. Hedge funds and other institutional investors own 37.35% of the company's stock.

Tecnoglass Company Profile

Tecnoglass Inc manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company provides low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.