Tecnoglass Inc (NASDAQ:TGLS) has been assigned a consensus broker rating score of 1.50 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. Tecnoglass’ rating score has improved by 25% in the last 90 days as a result of a number of analysts’ ratings changes.
Brokers have set a twelve-month consensus target price of $13.00 for the company and are anticipating that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also assigned Tecnoglass an industry rank of 164 out of 257 based on the ratings given to related companies.
Several equities research analysts recently weighed in on the company. Zacks Investment Research cut Tecnoglass from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 11th. BidaskClub upgraded Tecnoglass from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. Dougherty & Co upgraded Tecnoglass from a “neutral” rating to a “buy” rating and set a $12.50 target price for the company in a report on Thursday, September 27th. ValuEngine upgraded Tecnoglass from a “hold” rating to a “buy” rating in a report on Monday, August 13th. Finally, B. Riley increased their target price on Tecnoglass from $11.50 to $12.50 and gave the company a “buy” rating in a report on Monday, August 13th.
Tecnoglass (NASDAQ:TGLS) last issued its earnings results on Wednesday, November 7th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.07. The company had revenue of $96.99 million during the quarter, compared to analysts’ expectations of $93.87 million. Tecnoglass had a return on equity of 17.99% and a net margin of 3.99%. As a group, equities research analysts expect that Tecnoglass will post 0.75 EPS for the current year.
In related news, Director Martha L. Byorum sold 8,000 shares of the stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $9.44, for a total transaction of $75,520.00. Following the completion of the sale, the director now directly owns 94,064 shares in the company, valued at approximately $887,964.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 11,003 shares of company stock valued at $100,935 over the last 90 days. 1.90% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crestline Management LP bought a new position in Tecnoglass during the 3rd quarter valued at approximately $553,000. Renaissance Technologies LLC raised its position in Tecnoglass by 117.1% during the 3rd quarter. Renaissance Technologies LLC now owns 95,794 shares of the company’s stock valued at $942,000 after purchasing an additional 51,671 shares during the last quarter. Finally, Rutabaga Capital Management LLC MA raised its position in Tecnoglass by 26.1% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 734,667 shares of the company’s stock valued at $6,384,000 after purchasing an additional 152,277 shares during the last quarter. 3.93% of the stock is owned by institutional investors and hedge funds.
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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