Brokerages Set Tecnoglass Inc. (NASDAQ:TGLS) PT at $67.33

Shares of Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report) have been given an average rating of "Hold" by the six brokerages that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $67.33.

A number of brokerages recently issued reports on TGLS. Sidoti lowered Tecnoglass from a "buy" rating to a "neutral" rating and set a $78.00 price target for the company. in a research note on Tuesday, October 22nd. B. Riley reissued a "neutral" rating and set a $72.00 price target (up from $69.00) on shares of Tecnoglass in a research note on Thursday, October 10th. Raymond James lowered Tecnoglass from a "strong-buy" rating to a "market perform" rating in a research note on Tuesday, October 22nd. Robert W. Baird lifted their target price on Tecnoglass from $76.00 to $85.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Finally, Stifel Nicolaus lifted their target price on Tecnoglass from $50.00 to $59.00 and gave the company a "hold" rating in a research report on Friday, August 9th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TGLS. Commonwealth Equity Services LLC raised its position in shares of Tecnoglass by 295.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 20,630 shares of the company's stock worth $1,073,000 after acquiring an additional 15,414 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Tecnoglass during the 1st quarter worth $560,000. Susquehanna Fundamental Investments LLC purchased a new position in Tecnoglass during the 1st quarter worth $893,000. William Blair Investment Management LLC grew its stake in Tecnoglass by 232.8% during the 1st quarter. William Blair Investment Management LLC now owns 1,614,780 shares of the company's stock worth $84,017,000 after buying an additional 1,129,603 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC purchased a new position in Tecnoglass during the 1st quarter worth $2,074,000. 37.35% of the stock is owned by institutional investors.

Tecnoglass Trading Up 1.7 %

Shares of Tecnoglass stock traded up $1.15 on Monday, reaching $69.65. The company had a trading volume of 230,425 shares, compared to its average volume of 368,266. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 21.96 and a beta of 1.86. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.43 and a quick ratio of 1.80. The firm's 50-day moving average price is $67.75 and its two-hundred day moving average price is $57.80. Tecnoglass has a 1 year low of $28.21 and a 1 year high of $80.51.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. Tecnoglass had a return on equity of 28.12% and a net margin of 17.97%. The firm had revenue of $219.65 million during the quarter, compared to analyst estimates of $219.29 million. During the same period last year, the company earned $1.12 EPS. Tecnoglass's quarterly revenue was down 2.5% compared to the same quarter last year. As a group, research analysts predict that Tecnoglass will post 3.46 earnings per share for the current fiscal year.

Tecnoglass Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Monday, September 30th. Tecnoglass's payout ratio is 14.10%.

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.