Recent Investment Analysts’ Ratings Changes for Tecnoglass (TGLS)

A number of research firms have changed their ratings and price targets for Tecnoglass (NASDAQ: TGLS):

  • 8/14/2019 – Tecnoglass was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/13/2019 – Tecnoglass was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $8.25 price target on the stock. According to Zacks, “Tecnoglass, Inc. is engaged in manufacturing and selling architectural glass and windows and aluminum products for the residential and commercial construction industries. It operates primarily in North, Central and South America. Tecnoglass, Inc., formerly known as Andina Acquisition Corporation, is headquartered in Barranquilla, Colombia. “
  • 8/12/2019 – Tecnoglass was given a new $11.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 8/1/2019 – Tecnoglass was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Tecnoglass, Inc. is engaged in manufacturing and selling architectural glass and windows and aluminum products for the residential and commercial construction industries. It operates primarily in North, Central and South America. Tecnoglass, Inc., formerly known as Andina Acquisition Corporation, is headquartered in Barranquilla, Colombia. “
  • 7/26/2019 – Tecnoglass was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/17/2019 – Tecnoglass was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/12/2019 – Tecnoglass was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $7.75 price target on the stock. According to Zacks, “Tecnoglass, Inc. is engaged in manufacturing and selling architectural glass and windows and aluminum products for the residential and commercial construction industries. It operates primarily in North, Central and South America. Tecnoglass, Inc., formerly known as Andina Acquisition Corporation, is headquartered in Barranquilla, Colombia. “
  • 7/2/2019 – Tecnoglass was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/1/2019 – Tecnoglass was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating. They now have a $10.00 price target on the stock.

Shares of Tecnoglass stock traded up $0.09 during trading on Wednesday, reaching $7.45. The company’s stock had a trading volume of 22,744 shares, compared to its average volume of 67,786. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.84 and a current ratio of 2.50. The stock has a market capitalization of $326.79 million, a P/E ratio of 8.76 and a beta of 0.99. Tecnoglass Inc has a 1-year low of $6.08 and a 1-year high of $10.29. The company has a 50-day moving average price of $7.10.

Tecnoglass (NASDAQ:TGLS) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The firm had revenue of $113.88 million during the quarter, compared to analysts’ expectations of $97.53 million. Tecnoglass had a return on equity of 22.84% and a net margin of 4.04%. As a group, equities analysts predict that Tecnoglass Inc will post 0.72 EPS for the current year.



The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, July 31st will be paid a $0.14 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $0.56 dividend on an annualized basis and a yield of 7.52%. Tecnoglass’s dividend payout ratio (DPR) is 65.88%.

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new position in shares of Tecnoglass during the 2nd quarter worth approximately $69,000. Northern Trust Corp boosted its holdings in shares of Tecnoglass by 39.6% during the 2nd quarter. Northern Trust Corp now owns 33,415 shares of the company’s stock worth $217,000 after purchasing an additional 9,484 shares during the last quarter. Shepherd Kaplan Krochuk LLC boosted its holdings in shares of Tecnoglass by 90.0% during the 2nd quarter. Shepherd Kaplan Krochuk LLC now owns 38,000 shares of the company’s stock worth $247,000 after purchasing an additional 18,000 shares during the last quarter. Pinnacle Associates Ltd. acquired a new position in shares of Tecnoglass during the 1st quarter worth approximately $256,000. Finally, BlackRock Inc. boosted its holdings in shares of Tecnoglass by 20.6% during the 2nd quarter. BlackRock Inc. now owns 54,742 shares of the company’s stock worth $356,000 after purchasing an additional 9,357 shares during the last quarter. Institutional investors own 13.97% of the company’s stock.

Tecnoglass Inc, through its subsidiaries, manufactures, supplies, and installs architectural glass, windows, and associated aluminum products for the commercial and residential construction industries in North, Central, and South America. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.

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