Tecnoglass Inc. (NASDAQ:TGLS) Receives $32.80 Consensus Target Price from Analysts

Tecnoglass Inc. (NASDAQ:TGLSGet Rating) has been given a consensus rating of “Buy” by the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $32.80.

A number of analysts have recently commented on the company. Raymond James dropped their price objective on Tecnoglass from $35.00 to $30.00 and set a “strong-buy” rating for the company in a report on Friday, March 4th. StockNews.com assumed coverage on Tecnoglass in a report on Thursday, March 31st. They set a “buy” rating for the company. Finally, Zacks Investment Research upgraded Tecnoglass from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a report on Tuesday, March 8th.

Institutional investors have recently made changes to their positions in the stock. Dorsey Wright & Associates boosted its position in Tecnoglass by 15.7% during the 4th quarter. Dorsey Wright & Associates now owns 4,130 shares of the company’s stock worth $108,000 after purchasing an additional 560 shares during the period. Gotham Asset Management LLC purchased a new stake in Tecnoglass during the 3rd quarter worth $304,000. Advisor Group Holdings Inc. boosted its position in Tecnoglass by 119.4% during the 3rd quarter. Advisor Group Holdings Inc. now owns 11,187 shares of the company’s stock worth $243,000 after purchasing an additional 6,087 shares during the period. Renaissance Technologies LLC boosted its position in Tecnoglass by 44.7% during the 3rd quarter. Renaissance Technologies LLC now owns 85,400 shares of the company’s stock worth $1,856,000 after purchasing an additional 26,400 shares during the period. Finally, New York State Common Retirement Fund purchased a new stake in Tecnoglass during the 4th quarter worth $1,859,000. 19.93% of the stock is owned by hedge funds and other institutional investors.

TGLS traded down $0.85 during trading on Monday, hitting $22.33. The company’s stock had a trading volume of 94,290 shares, compared to its average volume of 155,250. The firm’s 50 day moving average price is $23.59 and its 200-day moving average price is $25.12. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.10 and a quick ratio of 1.56. The stock has a market cap of $1.06 billion, a PE ratio of 15.73 and a beta of 1.84. Tecnoglass has a twelve month low of $11.17 and a twelve month high of $34.90.

Tecnoglass (NASDAQ:TGLSGet Rating) last issued its quarterly earnings results on Thursday, March 3rd. The company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.12. The company had revenue of $131.82 million during the quarter, compared to the consensus estimate of $128.99 million. Tecnoglass had a return on equity of 36.23% and a net margin of 13.74%. During the same period in the previous year, the firm posted $0.22 EPS. Equities analysts anticipate that Tecnoglass will post 2.12 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Thursday, March 31st were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.16%. Tecnoglass’s payout ratio is 18.31%.

Tecnoglass Company Profile (Get Rating)

Tecnoglass Inc, through its subsidiaries, designs, produces, markets, and installs architectural systems for the commercial and residential construction industries in Colombia, the United States, Panama, and internationally. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.

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