Tecnoglass (NASDAQ:TGLS) had its price target raised by investment analysts at B. Riley from $12.50 to $13.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. B. Riley’s target price would suggest a potential upside of 44.78% from the company’s previous close. B. Riley also issued estimates for Tecnoglass’ Q4 2018 earnings at $0.19 EPS and FY2019 earnings at $0.85 EPS.

TGLS has been the topic of several other research reports. BidaskClub upgraded shares of Tecnoglass from a “sell” rating to a “hold” rating in a report on Friday, July 13th. ValuEngine upgraded shares of Tecnoglass from a “hold” rating to a “buy” rating in a report on Monday, August 13th. Zacks Investment Research upgraded shares of Tecnoglass from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Wednesday, August 15th. Finally, Dougherty & Co upgraded shares of Tecnoglass from a “neutral” rating to a “buy” rating and set a $12.50 target price on the stock in a report on Thursday, September 27th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $12.00.

Shares of NASDAQ:TGLS traded up $0.14 during mid-day trading on Thursday, reaching $8.98. 25,121 shares of the company’s stock were exchanged, compared to its average volume of 34,685. The firm has a market cap of $318.56 million, a PE ratio of 28.06, a price-to-earnings-growth ratio of 0.66 and a beta of 0.92. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.77 and a current ratio of 2.50. Tecnoglass has a twelve month low of $6.81 and a twelve month high of $10.29.

Tecnoglass (NASDAQ:TGLS) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.07. The company had revenue of $96.99 million for the quarter, compared to analyst estimates of $93.87 million. Tecnoglass had a net margin of 3.99% and a return on equity of 18.39%. Sell-side analysts forecast that Tecnoglass will post 0.71 EPS for the current year.

In related news, Director Martha L. Byorum sold 8,000 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $9.44, for a total value of $75,520.00. Following the transaction, the director now owns 94,064 shares in the company, valued at $887,964.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. 67.20% of the stock is owned by insiders.

An institutional investor recently raised its position in Tecnoglass stock. Rutabaga Capital Management LLC MA raised its stake in Tecnoglass Inc (NASDAQ:TGLS) by 26.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 734,667 shares of the company’s stock after purchasing an additional 152,277 shares during the period. Rutabaga Capital Management LLC MA owned 2.08% of Tecnoglass worth $6,384,000 as of its most recent SEC filing. 4.07% of the stock is owned by hedge funds and other institutional investors.

Tecnoglass Company Profile

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.

Recommended Story: Stock Symbol

Receive News & Ratings for Tecnoglass Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tecnoglass and related companies with MarketBeat.com's FREE daily email newsletter.