Dougherty & Co Analysts Give Tecnoglass (TGLS) a $13.00 Price Target

Dougherty & Co set a $13.00 price objective on Tecnoglass (NASDAQ:TGLS) in a research report report published on Thursday. The brokerage currently has a buy rating on the stock. Dougherty & Co also issued estimates for Tecnoglass’ Q4 2018 earnings at $0.15 EPS, FY2018 earnings at $0.75 EPS and FY2019 earnings at $0.67 EPS.

Several other brokerages have also recently weighed in on TGLS. BidaskClub upgraded shares of Tecnoglass from a sell rating to a hold rating in a research note on Thursday, August 23rd. B. Riley lifted their price target on shares of Tecnoglass from $12.50 to $13.00 and gave the stock a buy rating in a research note on Thursday. ValuEngine upgraded shares of Tecnoglass from a hold rating to a buy rating in a research note on Thursday. Finally, Zacks Investment Research upgraded shares of Tecnoglass from a hold rating to a buy rating and set a $10.00 price target on the stock in a research note on Wednesday, August 15th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $12.00.

NASDAQ:TGLS opened at $8.98 on Thursday. The company has a quick ratio of 1.77, a current ratio of 2.59 and a debt-to-equity ratio of 1.49. Tecnoglass has a 12 month low of $6.81 and a 12 month high of $10.29. The company has a market capitalization of $331.80 million, a price-to-earnings ratio of 13.39, a P/E/G ratio of 0.63 and a beta of 0.92.

Tecnoglass (NASDAQ:TGLS) last posted its earnings results on Wednesday, November 7th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.07. Tecnoglass had a net margin of 3.99% and a return on equity of 17.99%. The business had revenue of $96.99 million during the quarter, compared to the consensus estimate of $93.87 million. On average, sell-side analysts forecast that Tecnoglass will post 0.75 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Friday, October 26th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 6.24%. The ex-dividend date is Thursday, October 25th. Tecnoglass’s dividend payout ratio is presently 175.00%.

In other news, Director Martha L. Byorum sold 8,000 shares of Tecnoglass stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $9.44, for a total transaction of $75,520.00. Following the transaction, the director now owns 94,064 shares in the company, valued at approximately $887,964.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 67.20% of the company’s stock.

A hedge fund recently raised its stake in Tecnoglass stock. Rutabaga Capital Management LLC MA raised its holdings in shares of Tecnoglass Inc (NASDAQ:TGLS) by 26.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 734,667 shares of the company’s stock after acquiring an additional 152,277 shares during the quarter. Rutabaga Capital Management LLC MA owned approximately 2.08% of Tecnoglass worth $6,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 4.07% of the company’s stock.

About Tecnoglass

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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