Tecnoglass Inc. (NASDAQ:TGLS) Receives $54.00 Consensus Target Price from Analysts

Tecnoglass Inc. (NASDAQ:TGLS) has been given a consensus rating of “Buy” by the five ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $54.00.

A number of research firms have commented on TGLS. DA Davidson reaffirmed a “buy” rating and set a $50.00 price objective on shares of Tecnoglass in a research report on Monday, March 4th. Stifel Nicolaus cut shares of Tecnoglass from a “buy” rating to a “hold” rating and reduced their target price for the company from $48.00 to $45.00 in a research report on Wednesday, February 14th. Robert W. Baird boosted their target price on shares of Tecnoglass from $56.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Finally, B. Riley boosted their target price on shares of Tecnoglass from $51.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th.

Hedge Funds Weigh In On Tecnoglass

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thompson Siegel & Walmsley LLC acquired a new position in Tecnoglass in the 3rd quarter valued at approximately $26,000. PNC Financial Services Group Inc. boosted its stake in shares of Tecnoglass by 27.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,917 shares of the company’s stock valued at $96,000 after purchasing an additional 632 shares during the last quarter. Handelsbanken Fonder AB bought a new stake in shares of Tecnoglass in the 4th quarter valued at $201,000. Clough Capital Partners L P bought a new stake in shares of Tecnoglass in the 3rd quarter valued at $216,000. Finally, Linden Thomas Advisory Services LLC boosted its stake in shares of Tecnoglass by 14.8% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 6,999 shares of the company’s stock valued at $231,000 after purchasing an additional 901 shares during the last quarter. 37.35% of the stock is currently owned by institutional investors and hedge funds.

Tecnoglass Price Performance

NASDAQ:TGLS opened at $54.63 on Thursday. Tecnoglass has a 1-year low of $28.21 and a 1-year high of $59.76. The company has a current ratio of 2.27, a quick ratio of 1.60 and a debt-to-equity ratio of 0.30. The firm has a fifty day simple moving average of $49.45 and a 200 day simple moving average of $42.85. The stock has a market capitalization of $2.57 billion, a PE ratio of 14.19 and a beta of 1.80.

Tecnoglass (NASDAQ:TGLS) last released its earnings results on Thursday, February 29th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.05. Tecnoglass had a net margin of 21.95% and a return on equity of 38.92%. The business had revenue of $194.60 million during the quarter, compared to analysts’ expectations of $199.93 million. On average, research analysts expect that Tecnoglass will post 3.7 EPS for the current fiscal year.

Tecnoglass Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be given a $0.11 dividend. This is a boost from Tecnoglass’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, March 27th. Tecnoglass’s dividend payout ratio is 11.43%.

Tecnoglass Company Profile

Tecnoglass Inc manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company provides low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.