Shares of Tecnoglass Inc. (NASDAQ:TGLS – Get Free Report) have been assigned an average rating of “Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $62.17.
TGLS has been the subject of a number of recent analyst reports. DA Davidson upped their price objective on Tecnoglass from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Sidoti raised shares of Tecnoglass from a “neutral” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Wednesday, June 26th. Stifel Nicolaus raised their price objective on shares of Tecnoglass from $50.00 to $59.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Finally, Robert W. Baird boosted their target price on shares of Tecnoglass from $68.00 to $76.00 and gave the company an “outperform” rating in a research note on Tuesday, September 17th.
View Our Latest Stock Report on Tecnoglass
Institutional Trading of Tecnoglass
Tecnoglass Stock Performance
Shares of TGLS stock opened at $68.65 on Friday. Tecnoglass has a one year low of $28.21 and a one year high of $69.79. The company has a market cap of $3.23 billion, a P/E ratio of 19.78 and a beta of 1.86. The firm has a 50-day moving average of $58.05 and a 200-day moving average of $53.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.43 and a quick ratio of 1.80.
Tecnoglass (NASDAQ:TGLS – Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. The firm had revenue of $219.65 million for the quarter, compared to analysts’ expectations of $219.29 million. Tecnoglass had a net margin of 17.97% and a return on equity of 28.12%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 EPS. Equities research analysts forecast that Tecnoglass will post 3.42 EPS for the current fiscal year.
Tecnoglass Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.64%. Tecnoglass’s payout ratio is 12.68%.
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.
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