Tecnoglass Inc. (TGLS) Stock Rating Upgraded by ValuEngine
Tecnoglass Inc. (NASDAQ:TGLS) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Monday.
A number of other equities analysts also recently issued reports on the company. Dougherty & Co downgraded Tecnoglass from a “buy” rating to a “neutral” rating in a report on Tuesday, August 15th. BidaskClub lowered Tecnoglass from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $14.50.
Tecnoglass (TGLS) opened at 6.99 on Monday. Tecnoglass has a one year low of $5.50 and a one year high of $12.70. The stock’s 50 day moving average is $6.83 and its 200-day moving average is $9.06. The firm’s market capitalization is $236.46 million.
Tecnoglass (NASDAQ:TGLS) last released its earnings results on Friday, August 11th. The company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.09). Tecnoglass had a negative net margin of 2.45% and a positive return on equity of 16.94%. The firm had revenue of $80.98 million during the quarter, compared to analysts’ expectations of $84.63 million. On average, analysts anticipate that Tecnoglass will post $0.41 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This article was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of international copyright laws. The original version of this article can be accessed at https://www.dailypolitical.com/2017/10/04/tecnoglass-inc-tgls-stock-rating-upgraded-by-valuengine.html.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN increased its stake in shares of Tecnoglass by 36.7% during the second quarter. Wells Fargo & Company MN now owns 22,001 shares of the company’s stock valued at $205,000 after purchasing an additional 5,902 shares in the last quarter. Northern Trust Corp boosted its position in shares of Tecnoglass by 15.6% in the 2nd quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock worth $317,000 after purchasing an additional 4,588 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Tecnoglass by 24.6% in the 2nd quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock worth $722,000 after purchasing an additional 15,261 shares in the last quarter. Boston Partners bought a new stake in shares of Tecnoglass in the 2nd quarter worth approximately $975,000. Finally, Kennedy Capital Management Inc. boosted its position in shares of Tecnoglass by 113.9% in the 2nd quarter. Kennedy Capital Management Inc. now owns 292,636 shares of the company’s stock worth $2,727,000 after purchasing an additional 155,847 shares in the last quarter. Institutional investors and hedge funds own 3.83% of the company’s stock.
Tecnoglass Company Profile
Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass and windows for residential and commercial construction industries in North, Central, and South America. The company offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.
Receive News & Ratings for Tecnoglass Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tecnoglass Inc. and related companies with MarketBeat.com's FREE daily email newsletter.