Tecnoglass (NASDAQ:TGLS) has been assigned a $11.00 price target by analysts at Robert W. Baird in a note issued to investors on Monday, TipRanks reports. The firm presently has a “buy” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 47.65% from the stock’s previous close.

A number of other analysts also recently weighed in on the company. Zacks Investment Research upgraded Tecnoglass from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research report on Tuesday. DA Davidson began coverage on Tecnoglass in a research report on Thursday, May 30th. They set a “buy” rating and a $9.00 target price for the company. Goldman Sachs Group began coverage on Tecnoglass in a research report on Thursday, May 9th. They set a “buy” rating for the company. BidaskClub upgraded Tecnoglass from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Raymond James upgraded Tecnoglass from an “outperform” rating to a “strong-buy” rating and set a $10.00 target price for the company in a research report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Tecnoglass presently has an average rating of “Buy” and an average price target of $10.71.

TGLS traded up $0.09 during trading on Monday, hitting $7.45. The stock had a trading volume of 1,224 shares, compared to its average volume of 67,786. The stock has a 50 day simple moving average of $7.10. The company has a market capitalization of $326.79 million, a price-to-earnings ratio of 8.76 and a beta of 0.99. Tecnoglass has a one year low of $6.08 and a one year high of $10.29. The company has a current ratio of 2.50, a quick ratio of 1.84 and a debt-to-equity ratio of 1.26.

Tecnoglass (NASDAQ:TGLS) last released its quarterly earnings results on Friday, August 9th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The business had revenue of $113.88 million during the quarter, compared to the consensus estimate of $97.53 million. Tecnoglass had a return on equity of 22.84% and a net margin of 4.04%. As a group, sell-side analysts expect that Tecnoglass will post 0.72 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of TGLS. Vanguard Group Inc. increased its stake in shares of Tecnoglass by 37.4% in the 2nd quarter. Vanguard Group Inc. now owns 279,955 shares of the company’s stock worth $1,817,000 after purchasing an additional 76,232 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Tecnoglass by 20.6% during the 2nd quarter. BlackRock Inc. now owns 54,742 shares of the company’s stock valued at $356,000 after purchasing an additional 9,357 shares during the last quarter. Perritt Capital Management Inc. boosted its holdings in shares of Tecnoglass by 11.0% during the 2nd quarter. Perritt Capital Management Inc. now owns 245,598 shares of the company’s stock valued at $1,594,000 after purchasing an additional 24,319 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Tecnoglass by 39.6% during the 2nd quarter. Northern Trust Corp now owns 33,415 shares of the company’s stock valued at $217,000 after purchasing an additional 9,484 shares during the last quarter. Finally, Polaris Capital Management LLC boosted its holdings in shares of Tecnoglass by 2.0% during the 2nd quarter. Polaris Capital Management LLC now owns 509,900 shares of the company’s stock valued at $3,309,000 after purchasing an additional 9,900 shares during the last quarter. 13.97% of the stock is owned by institutional investors.

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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