Tecnoglass (NASDAQ:TGLS) PT Raised to $65.00 at Robert W. Baird

Tecnoglass (NASDAQ:TGLS) had its target price upped by investment analysts at Robert W. Baird from $56.00 to $65.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 18.79% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. B. Riley increased their price objective on Tecnoglass from $51.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Stifel Nicolaus cut Tecnoglass from a “buy” rating to a “hold” rating and lowered their target price for the company from $48.00 to $45.00 in a research note on Wednesday, February 14th. Finally, DA Davidson restated a “buy” rating and issued a $50.00 target price on shares of Tecnoglass in a research note on Monday, March 4th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

Tecnoglass Trading Down 3.2 %

NASDAQ TGLS opened at $54.72 on Thursday. Tecnoglass has a fifty-two week low of $28.21 and a fifty-two week high of $59.76. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.60 and a current ratio of 2.27. The stock has a 50 day simple moving average of $49.45 and a two-hundred day simple moving average of $42.71. The stock has a market cap of $2.57 billion, a P/E ratio of 14.21 and a beta of 1.80.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in Tecnoglass by 269.9% during the second quarter. Tower Research Capital LLC TRC now owns 651 shares of the company’s stock valued at $34,000 after buying an additional 475 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new position in Tecnoglass during the third quarter valued at $26,000. BNP Paribas Arbitrage SA purchased a new position in Tecnoglass during the first quarter valued at $29,000. Castleview Partners LLC purchased a new position in Tecnoglass during the first quarter valued at $66,000. Finally, Citigroup Inc. purchased a new position in Tecnoglass during the second quarter valued at $97,000. Hedge funds and other institutional investors own 37.35% of the company’s stock.

About Tecnoglass

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.