Tecnoglass Inc. (NASDAQ:TGLS) has earned a consensus recommendation of “Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $23.40.
TGLS has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Tecnoglass from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Thursday, August 12th. Robert W. Baird lifted their target price on shares of Tecnoglass from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, August 9th. Colliers Securities reaffirmed a “buy” rating on shares of Tecnoglass in a research report on Thursday, July 1st. Raymond James lifted their target price on shares of Tecnoglass from $15.00 to $26.00 and gave the stock a “strong-buy” rating in a research report on Monday, August 9th. Finally, B. Riley downgraded shares of Tecnoglass from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $17.00 to $23.00 in a research report on Wednesday, June 2nd.
NASDAQ TGLS traded down $0.09 during mid-day trading on Friday, reaching $22.07. The stock had a trading volume of 88,249 shares, compared to its average volume of 243,243. Tecnoglass has a 1 year low of $4.21 and a 1 year high of $26.00. The stock has a market cap of $1.05 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 0.80 and a beta of 1.71. The company has a fifty day moving average price of $21.12 and a 200 day moving average price of $17.42. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.56 and a quick ratio of 1.96.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 29th. Stockholders of record on Thursday, September 30th will be given a dividend of $0.027 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Wednesday, September 29th. Tecnoglass’s payout ratio is 13.92%.
In other news, Director Martha L. Byorum sold 8,000 shares of the business’s stock in a transaction on Thursday, September 2nd. The shares were sold at an average price of $24.46, for a total transaction of $195,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Marshall Wace LLP purchased a new stake in Tecnoglass in the 2nd quarter worth $2,710,000. Marshall Wace North America L.P. purchased a new stake in Tecnoglass in the 2nd quarter worth $1,885,000. Morgan Stanley lifted its stake in Tecnoglass by 797.0% in the 2nd quarter. Morgan Stanley now owns 45,189 shares of the company’s stock worth $968,000 after purchasing an additional 40,151 shares in the last quarter. Wexford Capital LP purchased a new stake in Tecnoglass in the 2nd quarter worth $278,000. Finally, Invesco Ltd. purchased a new stake in Tecnoglass in the 2nd quarter worth $895,000. 18.79% of the stock is owned by institutional investors.
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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