Tecnoglass (NASDAQ:TGLS) PT Raised to $85.00

Tecnoglass (NASDAQ:TGLS) had its target price boosted by Robert W. Baird from $76.00 to $85.00 in a report issued on Monday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price points to a potential upside of 8.83% from the company’s current price.

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

Tecnoglass Trading Up 1.3 %

Shares of TGLS stock opened at $78.10 on Monday. Tecnoglass has a 52-week low of $28.21 and a 52-week high of $78.82. The company has a 50-day simple moving average of $65.53 and a two-hundred day simple moving average of $56.89. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 22.51 and a beta of 1.86. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.80 and a current ratio of 2.43.

Tecnoglass (NASDAQ:TGLS) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.86 EPS for the quarter, beating 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 company had revenue of $219.65 million during the quarter, compared to the consensus estimate of $219.29 million. During the same period last year, the business posted $1.12 earnings per share. Tecnoglass’s revenue was down 2.5% on a year-over-year basis. Research analysts anticipate that Tecnoglass will post 3.44 EPS for the current fiscal year.

Institutional Trading of Tecnoglass

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. William Blair Investment Management LLC increased its position in shares of Tecnoglass by 232.8% during the first quarter. William Blair Investment Management LLC now owns 1,614,780 shares of the company’s stock valued at $84,017,000 after buying an additional 1,129,603 shares during the period. Ensign Peak Advisors Inc increased its holdings in shares of Tecnoglass by 219.7% in the second quarter. Ensign Peak Advisors Inc now owns 218,189 shares of the company’s stock worth $10,949,000 after purchasing an additional 149,933 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Tecnoglass by 12.3% in the second quarter. Dimensional Fund Advisors LP now owns 884,527 shares of the company’s stock worth $44,385,000 after buying an additional 96,602 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Tecnoglass during the second quarter valued at $3,929,000. Finally, Prevail Innovative Wealth Advisors LLC bought a new stake in Tecnoglass during the first quarter valued at $2,074,000. 37.35% of the stock is currently owned by institutional investors.

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.