Tecnoglass Inc. (NASDAQ:TGLS – Get Free Report) shares gapped up before the market opened on Thursday after Robert W. Baird raised their price target on the stock from $56.00 to $65.00. The stock had previously closed at $57.15, but opened at $59.08. Robert W. Baird currently has an outperform rating on the stock. Tecnoglass shares last traded at $57.88, with a volume of 11,621 shares trading hands.
TGLS has been the topic of a number of other research reports. Stifel Nicolaus cut Tecnoglass from a “buy” rating to a “hold” rating and cut their target price for the company from $48.00 to $45.00 in a research note on Wednesday, February 14th. B. Riley boosted their price target on Tecnoglass from $51.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, DA Davidson reiterated a “buy” rating and issued a $50.00 price target on shares of Tecnoglass in a report 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 stock. Based on data from MarketBeat.com, Tecnoglass has an average rating of “Moderate Buy” and an average target price of $54.00.
Read Our Latest Analysis on TGLS
Institutional Trading of Tecnoglass
Tecnoglass Stock Performance
The business has a fifty day simple moving average of $49.33 and a two-hundred day simple moving average of $42.55. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.27 and a quick ratio of 1.60. The company has a market cap of $2.65 billion, a PE ratio of 14.67 and a beta of 1.80.
Tecnoglass (NASDAQ:TGLS – Get Free Report) last posted its earnings results on Thursday, February 29th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. Tecnoglass had a return on equity of 38.92% and a net margin of 21.95%. The company had revenue of $194.60 million during the quarter, compared to analyst estimates of $199.93 million. Research analysts anticipate that Tecnoglass Inc. will post 3.7 earnings per share for the current year.
Tecnoglass Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from Tecnoglass’s previous quarterly dividend of $0.09. Tecnoglass’s dividend payout ratio is currently 11.43%.
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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