Tecnoglass (TGLS) Given a $13.00 Price Target at Dougherty & Co

Tecnoglass (NASDAQ:TGLS) has been assigned a $13.00 price target by equities research analysts at Dougherty & Co in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the stock. Dougherty & Co’s target price points to a potential upside of 47.06% from the stock’s current price. 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.

Other equities research analysts also recently issued research reports about the stock. B. Riley upped their price objective on shares of Tecnoglass from $12.50 to $13.00 and gave the stock a “buy” rating in a report on Thursday. ValuEngine raised shares of Tecnoglass from a “hold” rating to a “buy” rating in a report on Thursday. BidaskClub downgraded shares of Tecnoglass from a “hold” rating to a “sell” rating in a report on Thursday, July 26th. Finally, Zacks Investment Research downgraded shares of Tecnoglass from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Tecnoglass currently has an average rating of “Hold” and a consensus target price of $12.00.

Tecnoglass stock opened at $8.84 on Thursday. The stock has a market cap of $280.40 million, a PE ratio of 27.63, a PEG ratio of 0.58 and a beta of 0.92. Tecnoglass has a one year low of $6.81 and a one year high of $10.29. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.50 and a quick ratio of 1.77.

Tecnoglass (NASDAQ:TGLS) last posted its quarterly earnings data on Wednesday, November 7th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.07. The business had revenue of $96.99 million during the quarter, compared to the consensus estimate of $93.87 million. Tecnoglass had a net margin of 4.34% and a return on equity of 14.63%. Equities research analysts predict that Tecnoglass will post 0.66 EPS for the current year.

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

A hedge fund recently raised its stake in Tecnoglass stock. Rutabaga Capital Management LLC MA increased its position in Tecnoglass Inc (NASDAQ:TGLS) by 26.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 734,667 shares of the company’s stock after buying an additional 152,277 shares during the period. Rutabaga Capital Management LLC MA owned 2.08% of Tecnoglass worth $6,384,000 at the end of the most recent reporting period. 4.07% of the stock is owned by institutional investors and hedge funds.

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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