Shares of Tecnoglass (NASDAQ:TGLS) have been given an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. Tecnoglass’ rating score has improved by 33.3% in the last three months as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 1-year consensus price objective of $11.50 for the company and are forecasting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also given Tecnoglass an industry rank of 182 out of 265 based on the ratings given to its competitors.

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Several equities research analysts recently weighed in on the company. BidaskClub downgraded Tecnoglass from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine raised Tecnoglass from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. B. Riley assumed coverage on Tecnoglass in a report on Tuesday, March 6th. They set a “buy” rating and a $11.00 price target for the company. Finally, Zacks Investment Research downgraded Tecnoglass from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd.

A number of institutional investors have recently added to or reduced their stakes in TGLS. Wells Fargo & Company MN lifted its holdings in Tecnoglass by 54.1% in the third quarter. Wells Fargo & Company MN now owns 33,911 shares of the company’s stock valued at $228,000 after acquiring an additional 11,910 shares during the period. Northern Trust Corp increased its position in shares of Tecnoglass by 15.6% in the second quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock valued at $317,000 after buying an additional 4,588 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Tecnoglass by 24.6% in the second quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock valued at $722,000 after buying an additional 15,261 shares in the last quarter. 3.27% of the stock is owned by institutional investors.

TGLS stock opened at $8.91 on Friday. The company has a market capitalization of $310.39, a PE ratio of 27.84, a PEG ratio of 0.71 and a beta of 0.62. Tecnoglass has a twelve month low of $5.50 and a twelve month high of $11.00. The company has a debt-to-equity ratio of 1.82, a current ratio of 2.16 and a quick ratio of 1.57.

Tecnoglass (NASDAQ:TGLS) last issued its quarterly earnings results on Wednesday, March 14th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.03). Tecnoglass had a return on equity of 10.85% and a net margin of 1.73%. The company had revenue of $84.28 million for the quarter, compared to analyst estimates of $86.20 million. sell-side analysts predict that Tecnoglass will post 0.63 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Thursday, March 29th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.56 dividend on an annualized basis and a yield of 6.29%. This is an increase from Tecnoglass’s previous quarterly dividend of $0.13. Tecnoglass’s dividend payout ratio (DPR) is 175.00%.

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About Tecnoglass

Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries in North, Central, and South America. It offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.

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