Tecnoglass Inc. (NASDAQ:TGLS) Receives Consensus Rating of “Buy” from Analysts

Tecnoglass Inc. (NASDAQ:TGLS) has earned an average rating of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $31.60.

A number of equities research analysts have recently issued reports on TGLS shares. Sidoti upgraded Tecnoglass from a “neutral” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Friday, December 10th. B. Riley upgraded Tecnoglass from a “neutral” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Tuesday, November 9th. Raymond James upped their price objective on Tecnoglass from $26.00 to $35.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, November 9th. Robert W. Baird increased their price target on Tecnoglass from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Tuesday, November 9th. Finally, Zacks Investment Research cut Tecnoglass from a “strong-buy” rating to a “hold” rating in a research note on Tuesday.

Shares of TGLS opened at $22.24 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.16. The stock has a 50 day simple moving average of $27.95 and a 200 day simple moving average of $24.49. Tecnoglass has a 52-week low of $6.61 and a 52-week high of $34.90. The firm has a market capitalization of $1.06 billion, a PE ratio of 15.77, a P/E/G ratio of 0.64 and a beta of 1.74.

Tecnoglass (NASDAQ:TGLS) last issued its quarterly earnings data on Monday, November 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.11. Tecnoglass had a return on equity of 31.26% and a net margin of 14.35%. The business had revenue of $130.41 million during the quarter, compared to analyst estimates of $117.64 million. During the same period in the previous year, the firm earned $0.28 EPS. Equities research analysts predict that Tecnoglass will post 1.53 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 31st. Stockholders of record on Friday, December 31st will be issued a dividend of $0.065 per share. This is a positive change from Tecnoglass’s previous quarterly dividend of $0.03. This represents a $0.26 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, December 30th. Tecnoglass’s dividend payout ratio is 18.44%.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Tecnoglass by 1.1% in the third quarter. BlackRock Inc. now owns 400,048 shares of the company’s stock valued at $8,693,000 after buying an additional 4,310 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Tecnoglass by 21.8% in the third quarter. Dimensional Fund Advisors LP now owns 369,326 shares of the company’s stock valued at $8,025,000 after buying an additional 66,016 shares in the last quarter. Vanguard Group Inc. boosted its stake in Tecnoglass by 1.5% in the second quarter. Vanguard Group Inc. now owns 294,800 shares of the company’s stock valued at $6,309,000 after buying an additional 4,412 shares in the last quarter. Geode Capital Management LLC boosted its stake in Tecnoglass by 8.2% in the second quarter. Geode Capital Management LLC now owns 189,376 shares of the company’s stock valued at $4,052,000 after buying an additional 14,428 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in Tecnoglass in the second quarter valued at about $2,840,000. 18.35% of the stock is currently owned by institutional investors and hedge funds.

Tecnoglass Company Profile

Tecnoglass, Inc is a holding company, which engages in the design, manufacturing, distribution, marketing, and installation of specification architectural glass and windows products sold to the construction industry. It operates through the following geographical segments: Colombia, United States, Panama, and Other.

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Analyst Recommendations for Tecnoglass (NASDAQ:TGLS)

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