Robert W. Baird Raises Tecnoglass (NASDAQ:TGLS) Price Target to $88.00

Tecnoglass (NASDAQ:TGLS) had its target price hoisted by analysts at Robert W. Baird from $85.00 to $88.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 25.64% from the stock’s current price.

TGLS has been the subject of several other research reports. DA Davidson raised their target price on Tecnoglass from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. B. Riley reaffirmed a “neutral” rating and issued a $72.00 target price (up previously from $69.00) on shares of Tecnoglass in a research report on Thursday, October 10th. Raymond James cut Tecnoglass from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 22nd. Sidoti cut Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 target price for the company. in a research report on Tuesday, October 22nd. Finally, Stifel Nicolaus lifted their price objective on Tecnoglass from $50.00 to $59.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Tecnoglass currently has an average rating of “Hold” and a consensus target price of $72.40.

Tecnoglass Stock Down 0.3 %

Shares of TGLS stock opened at $70.04 on Friday. Tecnoglass has a 1 year low of $30.88 and a 1 year high of $80.51. The stock has a market cap of $3.29 billion, a PE ratio of 22.45 and a beta of 1.86. The business’s fifty day moving average is $68.38 and its 200-day moving average is $58.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.80 and a current ratio of 2.43.

Tecnoglass (NASDAQ:TGLS) last issued its earnings results on Thursday, August 8th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The business had revenue of $219.65 million for the quarter, compared to analysts’ expectations of $219.29 million. Tecnoglass had a return on equity of 28.12% and a net margin of 17.97%. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.12 EPS. Equities analysts expect that Tecnoglass will post 3.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tecnoglass

Several institutional investors have recently bought and sold shares of TGLS. GSA Capital Partners LLP bought a new position in Tecnoglass during the first quarter valued at about $560,000. Susquehanna Fundamental Investments LLC bought a new position in Tecnoglass during the first quarter valued at about $893,000. William Blair Investment Management LLC raised its holdings in Tecnoglass by 232.8% during the first quarter. William Blair Investment Management LLC now owns 1,614,780 shares of the company’s stock valued at $84,017,000 after buying an additional 1,129,603 shares in the last quarter. Prevail Innovative Wealth Advisors LLC bought a new position in Tecnoglass during the first quarter valued at about $2,074,000. Finally, Chesapeake Capital Corp IL bought a new position in Tecnoglass during the first quarter valued at about $509,000. 37.35% of the stock is currently owned by institutional investors.

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.