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

Tecnoglass Inc (NASDAQ:TGLS) has been given an average rating of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $7.17.

Several analysts have recently issued reports on the stock. Raymond James decreased their target price on shares of Tecnoglass from $7.00 to $6.00 and set a “strong-buy” rating on the stock in a research report on Monday, May 11th. Zacks Investment Research downgraded Tecnoglass from a “hold” rating to a “sell” rating in a research report on Tuesday, June 16th. Finally, ValuEngine raised Tecnoglass from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd.

Shares of TGLS opened at $4.95 on Tuesday. The business’s 50 day simple moving average is $5.28 and its 200-day simple moving average is $5.27. Tecnoglass has a 1 year low of $2.15 and a 1 year high of $8.93. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.38 and a quick ratio of 1.80. The stock has a market capitalization of $228.28 million, a price-to-earnings ratio of -164.95, a price-to-earnings-growth ratio of 0.49 and a beta of 1.38.

Tecnoglass (NASDAQ:TGLS) last released its quarterly earnings results on Friday, May 8th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.04). Tecnoglass had a negative net margin of 0.38% and a positive return on equity of 17.27%. The business had revenue of $87.30 million for the quarter, compared to analysts’ expectations of $105.92 million. On average, sell-side analysts expect that Tecnoglass will post 0.5 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 8th were issued a dividend of $0.027 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $0.11 annualized dividend and a yield of 2.18%. Tecnoglass’s payout ratio is 15.94%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. grew its stake in shares of Tecnoglass by 33.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 17,490 shares of the company’s stock valued at $144,000 after buying an additional 4,355 shares during the last quarter. Aptus Capital Advisors LLC bought a new position in Tecnoglass in the 2nd quarter valued at $426,000. Invesco Ltd. increased its stake in Tecnoglass by 95.7% in the first quarter. Invesco Ltd. now owns 130,260 shares of the company’s stock worth $503,000 after purchasing an additional 63,696 shares during the period. National Investment Services of America LLC lifted its position in shares of Tecnoglass by 40.4% during the first quarter. National Investment Services of America LLC now owns 146,073 shares of the company’s stock worth $564,000 after purchasing an additional 42,029 shares during the last quarter. Finally, Monarch Partners Asset Management LLC boosted its stake in shares of Tecnoglass by 28.2% during the first quarter. Monarch Partners Asset Management LLC now owns 175,183 shares of the company’s stock valued at $676,000 after purchasing an additional 38,516 shares during the period. 14.19% of the stock is owned by institutional investors and hedge funds.

Tecnoglass Company Profile

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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Analyst Recommendations for Tecnoglass (NASDAQ:TGLS)

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