Shares of Tecnoglass Inc (NASDAQ:TGLS) have been assigned a consensus broker rating score of 1.33 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating and two have issued a strong buy rating on the company. Tecnoglass’ rating score has improved by 11.3% in the last three months as a result of a number of analysts’ ratings changes.
Brokerages have set a twelve-month consensus price objective of $12.00 for the company and are forecasting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also assigned Tecnoglass an industry rank of 164 out of 255 based on the ratings given to its competitors.
Several research firms have weighed in on TGLS. Zacks Investment Research cut shares of Tecnoglass from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. ValuEngine downgraded Tecnoglass from a “sell” rating to a “strong sell” rating in a research note on Monday, April 1st. Robert W. Baird assumed coverage on Tecnoglass in a research note on Wednesday, April 10th. They set an “outperform” rating and a $10.00 target price for the company. Finally, BidaskClub downgraded Tecnoglass from a “sell” rating to a “strong sell” rating in a research note on Friday, March 22nd.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. National Investment Services Inc. WI purchased a new position in shares of Tecnoglass in the first quarter worth about $443,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Tecnoglass in the fourth quarter worth about $687,000. BlackRock Inc. raised its stake in shares of Tecnoglass by 8,803.0% in the fourth quarter. BlackRock Inc. now owns 53,863 shares of the company’s stock worth $435,000 after purchasing an additional 53,258 shares during the last quarter. Perritt Capital Management Inc. raised its stake in shares of Tecnoglass by 17.6% in the fourth quarter. Perritt Capital Management Inc. now owns 139,752 shares of the company’s stock worth $1,128,000 after purchasing an additional 20,882 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Tecnoglass by 1.7% in the fourth quarter. California Public Employees Retirement System now owns 89,222 shares of the company’s stock worth $720,000 after purchasing an additional 1,496 shares during the last quarter. 4.43% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ TGLS traded down $0.08 during trading on Wednesday, hitting $7.13. The company had a trading volume of 54,922 shares, compared to its average volume of 69,228. Tecnoglass has a 52 week low of $6.95 and a 52 week high of $10.29. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.64 and a current ratio of 2.39. The stock has a market capitalization of $275.03 million, a P/E ratio of 8.39, a P/E/G ratio of 0.48 and a beta of 1.29.
Tecnoglass (NASDAQ:TGLS) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.10. Tecnoglass had a net margin of 2.39% and a return on equity of 22.76%. The firm had revenue of $97.86 million for the quarter, compared to analysts’ expectations of $95.14 million. On average, research analysts forecast that Tecnoglass will post 0.75 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, May 26th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.85%. The ex-dividend date of this dividend is Monday, April 29th. Tecnoglass’s dividend payout ratio (DPR) is 65.88%.
Tecnoglass Company Profile
Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries in North, Central, and South America. It offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.
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