DA Davidson Raises Tecnoglass (NASDAQ:TGLS) Price Target to $90.00

Tecnoglass (NASDAQ:TGLS) had its target price raised by stock analysts at DA Davidson from $65.00 to $90.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price target would indicate a potential upside of 21.90% from the stock’s current price. DA Davidson also issued estimates for Tecnoglass’ Q4 2024 earnings at $0.98 EPS, FY2024 earnings at $3.42 EPS and FY2025 earnings at $4.06 EPS.

Other equities research analysts have also issued research reports about the stock. Raymond James lowered shares of Tecnoglass from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, October 22nd. B. Riley reissued a “neutral” rating and set a $72.00 price objective (up previously from $69.00) on shares of Tecnoglass in a research note on Thursday, October 10th. Sidoti cut shares of Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 target price for the company. in a report on Tuesday, October 22nd. Stifel Nicolaus increased their price target on shares of Tecnoglass from $50.00 to $59.00 and gave the company a “hold” rating in a report on Friday, August 9th. Finally, Robert W. Baird increased their price target on shares of Tecnoglass from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Tecnoglass currently has a consensus rating of “Hold” and a consensus target price of $77.40.

Tecnoglass Trading Down 0.1 %

Shares of TGLS opened at $73.83 on Tuesday. The firm’s 50-day moving average price is $69.57 and its 200-day moving average price is $58.76. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 23.07 and a beta of 1.86. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. Tecnoglass has a 1-year low of $33.19 and a 1-year high of $80.51.

Tecnoglass (NASDAQ:TGLS) last posted its quarterly earnings data on Thursday, November 7th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.97 by $0.11. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. The business had revenue of $237.90 million for the quarter, compared to analyst estimates of $240.19 million. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Tecnoglass’s quarterly revenue was up 13.1% on a year-over-year basis. Sell-side analysts anticipate that Tecnoglass will post 3.55 EPS for the current year.

Insider Activity at Tecnoglass

In related news, Director Julio A. Torres sold 30,520 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $72.83, for a total transaction of $2,222,771.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Julio A. Torres sold 30,520 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $72.83, for a total transaction of $2,222,771.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Holding Corp Energy sold 1,432,120 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $73.02, for a total transaction of $104,573,402.40. Following the transaction, the insider now owns 23,195,988 shares in the company, valued at approximately $1,693,771,043.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC raised its position in Tecnoglass by 4,735.7% in the third quarter. Signaturefd LLC now owns 677 shares of the company’s stock worth $46,000 after acquiring an additional 663 shares during the period. Amalgamated Bank purchased a new stake in shares of Tecnoglass in the second quarter worth $39,000. EntryPoint Capital LLC purchased a new stake in shares of Tecnoglass in the first quarter worth $227,000. X Square Capital LLC increased its stake in shares of Tecnoglass by 5.7% in the second quarter. X Square Capital LLC now owns 4,363 shares of the company’s stock worth $219,000 after purchasing an additional 237 shares in the last quarter. Finally, PFG Investments LLC purchased a new stake in shares of Tecnoglass in the second quarter worth $220,000. 37.35% of the stock is currently owned by institutional investors.

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.