Tecnoglass’ (TGLS) “Neutral” Rating Reiterated at B. Riley

Tecnoglass (NASDAQ:TGLS)‘s stock had its “neutral” rating reaffirmed by analysts at B. Riley in a report issued on Thursday, Benzinga reports. They currently have a $72.00 price objective on the stock, up from their prior price objective of $69.00. B. Riley’s price objective would indicate a potential downside of 3.56% from the company’s current price.

TGLS has been the topic of a number of other reports. Robert W. Baird raised their price target on Tecnoglass from $68.00 to $76.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 17th. Sidoti raised shares of Tecnoglass from a “neutral” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Wednesday, June 26th. DA Davidson raised their target price on Tecnoglass from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Finally, Stifel Nicolaus boosted their price target on Tecnoglass from $50.00 to $59.00 and gave the company a “hold” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.17.

Tecnoglass Price Performance

Shares of NASDAQ:TGLS opened at $74.66 on Thursday. The business has a 50-day simple moving average of $63.01 and a two-hundred day simple moving average of $55.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.80 and a current ratio of 2.43. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 23.93 and a beta of 1.86. Tecnoglass has a fifty-two week low of $28.21 and a fifty-two week high of $75.07.

Tecnoglass (NASDAQ:TGLS) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Tecnoglass had a net margin of 17.97% and a return on equity of 28.12%. The company had revenue of $219.65 million for the quarter, compared to the consensus estimate of $219.29 million. During the same quarter in the prior year, the firm earned $1.12 earnings per share. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, analysts expect that Tecnoglass will post 3.44 earnings per share for the current year.

Institutional Trading of Tecnoglass

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its holdings in shares of Tecnoglass by 5.6% during the 4th quarter. Wellington Management Group LLP now owns 421,086 shares of the company’s stock valued at $19,248,000 after purchasing an additional 22,169 shares during the last quarter. Capstone Investment Advisors LLC increased its stake in Tecnoglass by 57.5% in the 1st quarter. Capstone Investment Advisors LLC now owns 47,368 shares of the company’s stock worth $2,465,000 after acquiring an additional 17,292 shares during the last quarter. Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of Tecnoglass during the 1st quarter worth approximately $2,074,000. Commonwealth Equity Services LLC boosted its position in shares of Tecnoglass by 295.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 20,630 shares of the company’s stock valued at $1,073,000 after acquiring an additional 15,414 shares during the last quarter. Finally, Owls Nest Partners IA LLC grew its holdings in shares of Tecnoglass by 200.1% in the fourth quarter. Owls Nest Partners IA LLC now owns 577,765 shares of the company’s stock valued at $26,410,000 after purchasing an additional 385,265 shares in the last quarter. Institutional investors own 37.35% of the company’s stock.

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.