Tecnoglass Inc. (NASDAQ:TGLS – Get Free Report)’s share price hit a new 52-week high on Wednesday after Robert W. Baird raised their price target on the stock from $68.00 to $76.00. Robert W. Baird currently has an outperform rating on the stock. Tecnoglass traded as high as $68.95 and last traded at $66.99, with a volume of 328165 shares changing hands. The stock had previously closed at $67.57.
A number of other research firms also recently commented on TGLS. Sidoti raised shares of Tecnoglass from a “neutral” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Wednesday, June 26th. Stifel Nicolaus increased their price objective on shares of Tecnoglass from $50.00 to $59.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Finally, DA Davidson lifted their target price on Tecnoglass from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.17.
Read Our Latest Research Report on TGLS
Institutional Investors Weigh In On Tecnoglass
Tecnoglass Trading Down 0.9 %
The business’s 50-day simple moving average is $57.15 and its 200-day simple moving average is $53.25. The company has a current ratio of 2.43, a quick ratio of 1.80 and a debt-to-equity ratio of 0.24. The company has a market cap of $3.15 billion, a PE ratio of 19.47 and a beta of 1.86.
Tecnoglass (NASDAQ:TGLS – Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. The company had revenue of $219.65 million for the quarter, compared to analyst estimates of $219.29 million. Tecnoglass had a return on equity of 28.12% and a net margin of 17.97%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 EPS. As a group, analysts expect that Tecnoglass Inc. will post 3.42 EPS for the current fiscal year.
Tecnoglass Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Monday, September 30th. Tecnoglass’s payout ratio is 12.68%.
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.
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