Tecnoglass (NASDAQ:TGLS - Get Free Report) had its target price raised by research analysts at Robert W. Baird from $85.00 to $88.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's target price indicates a potential upside of 15.79% from the company's previous close.
Other equities analysts have also issued reports about the stock. Stifel Nicolaus lifted their price target on shares of Tecnoglass from $50.00 to $59.00 and gave the stock a "hold" rating in a report on Friday, August 9th. B. Riley reissued 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. Sidoti downgraded shares of Tecnoglass from a "buy" rating to a "neutral" rating and set a $78.00 price objective on the stock. in a report on Tuesday, October 22nd. Raymond James cut shares of Tecnoglass from a "strong-buy" rating to a "market perform" rating in a research note on Tuesday, October 22nd. Finally, DA Davidson upped their target price on Tecnoglass from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, August 13th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $72.40.
Read Our Latest Research Report on Tecnoglass
Tecnoglass Stock Up 8.0 %
Tecnoglass stock traded up $5.60 during midday trading on Friday, hitting $76.00. 374,044 shares of the company's stock were exchanged, compared to its average volume of 369,476. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.80 and a current ratio of 2.43. The company has a market cap of $3.57 billion, a PE ratio of 22.45 and a beta of 1.86. The firm has a 50-day moving average of $68.38 and a two-hundred day moving average of $58.17. Tecnoglass has a 12 month low of $31.58 and a 12 month high of $80.51.
Tecnoglass (NASDAQ:TGLS - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.11. Tecnoglass had a return on equity of 28.12% and a net margin of 17.97%. The company had revenue of $237.90 million for the quarter, compared to the consensus estimate of $240.19 million. During the same quarter last year, the company earned $0.98 earnings per share. The firm's revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, analysts expect that Tecnoglass will post 3.46 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Tecnoglass
Hedge funds and other institutional investors have recently made changes to their positions in the company. Signaturefd LLC grew its position in Tecnoglass by 4,735.7% during the third quarter. Signaturefd LLC now owns 677 shares of the company's stock valued at $46,000 after buying an additional 663 shares during the period. Amalgamated Bank acquired a new position in Tecnoglass in the 2nd quarter worth about $39,000. EntryPoint Capital LLC purchased a new position in Tecnoglass during the first quarter worth approximately $227,000. X Square Capital LLC grew its holdings in Tecnoglass by 5.7% in the second quarter. X Square Capital LLC now owns 4,363 shares of the company's stock valued at $219,000 after purchasing an additional 237 shares during the period. Finally, PFG Investments LLC acquired a new position in shares of Tecnoglass during the 2nd quarter worth approximately $220,000. Institutional investors and hedge funds own 37.35% of the company's stock.
Tecnoglass Company Profile
(
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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.
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