A number of other brokerages have also weighed in on TGLS. Robert W. Baird set a $11.00 price objective on shares of Tecnoglass and gave the company a “buy” rating in a report on Monday, August 12th. Raymond James upgraded shares of Tecnoglass from an “outperform” rating to a “strong-buy” rating and set a $10.00 price objective for the company in a report on Monday, July 1st. Dougherty & Co reiterated a “buy” rating on shares of Tecnoglass in a report on Thursday, August 22nd. BidaskClub lowered shares of Tecnoglass from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. Finally, Zacks Investment Research upgraded shares of Tecnoglass from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $10.79.
TGLS stock opened at $8.07 on Thursday. Tecnoglass has a 12 month low of $6.08 and a 12 month high of $10.08. The company has a current ratio of 2.41, a quick ratio of 1.75 and a debt-to-equity ratio of 1.38. The company has a 50-day moving average price of $7.63 and a 200 day moving average price of $7.18. The stock has a market cap of $353.48 million, a PE ratio of 9.49, a P/E/G ratio of 0.49 and a beta of 0.98.
Tecnoglass (NASDAQ:TGLS) last released its quarterly earnings results on Friday, August 9th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Tecnoglass had a net margin of 4.04% and a return on equity of 21.77%. The firm had revenue of $113.88 million during the quarter, compared to analysts’ expectations of $97.53 million. Sell-side analysts forecast that Tecnoglass will post 0.74 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in TGLS. National Investment Services Inc. WI lifted its holdings in Tecnoglass by 72.6% during the 2nd quarter. National Investment Services Inc. WI now owns 104,936 shares of the company’s stock valued at $681,000 after buying an additional 44,140 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Tecnoglass in the 2nd quarter valued at about $69,000. Monarch Partners Asset Management LLC raised its holdings in shares of Tecnoglass by 2.0% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 104,539 shares of the company’s stock valued at $678,000 after purchasing an additional 2,029 shares in the last quarter. Penn Capital Management Co. Inc. bought a new stake in shares of Tecnoglass in the 2nd quarter valued at about $1,616,000. Finally, Shepherd Kaplan Krochuk LLC raised its holdings in shares of Tecnoglass by 90.0% in the 2nd quarter. Shepherd Kaplan Krochuk LLC now owns 38,000 shares of the company’s stock valued at $247,000 after purchasing an additional 18,000 shares in the last quarter. Institutional investors own 12.70% of the company’s stock.
Tecnoglass Company Profile
Tecnoglass Inc, through its subsidiaries, manufactures, supplies, and installs architectural glass, windows, and associated aluminum products for the commercial and residential construction industries in North, Central, and South America. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.
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