Tecnoglass (NASDAQ:TGLS) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of Tecnoglass (NASDAQ:TGLS) from a sell rating to a hold rating in a research report report published on Wednesday, BidAskClub reports.

Several other research analysts have also issued reports on TGLS. Robert W. Baird increased their price target on Cerner from $67.00 to $71.00 and gave the stock an outperform rating in a report on Wednesday, April 10th. Zacks Investment Research lowered Farmland Partners from a hold rating to a sell rating in a report on Friday, July 12th. ValuEngine upgraded Zynerba Pharmaceuticals from a sell rating to a hold rating in a report on Monday, April 1st. Goldman Sachs Group upgraded MICHELIN COMPAG/ADR from a neutral rating to a buy rating in a report on Thursday, May 9th. Finally, Raymond James upgraded Tecnoglass from an outperform rating to a strong-buy rating and set a $10.00 target price on the stock in a report on Monday, July 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $10.46.

Shares of Tecnoglass stock opened at $7.46 on Wednesday. Tecnoglass has a one year low of $6.08 and a one year high of $10.29. The company has a current ratio of 2.50, a quick ratio of 1.84 and a debt-to-equity ratio of 1.26. The company’s 50-day simple moving average is $6.81. The company has a market cap of $320.69 million, a price-to-earnings ratio of 8.78 and a beta of 1.01.

Tecnoglass (NASDAQ:TGLS) last announced its earnings results on Thursday, May 9th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $107.17 million for the quarter, compared to analyst estimates of $95.72 million. Tecnoglass had a return on equity of 21.84% and a net margin of 1.44%. On average, analysts predict that Tecnoglass will post 0.72 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, July 31st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.51%. The ex-dividend date is Tuesday, July 30th. Tecnoglass’s payout ratio is 65.88%.

Several institutional investors and hedge funds have recently modified their holdings of TGLS. California Public Employees Retirement System boosted its stake in Tecnoglass by 1.7% during the fourth quarter. California Public Employees Retirement System now owns 89,222 shares of the company’s stock valued at $720,000 after buying an additional 1,496 shares during the period. BlackRock Inc. lifted its stake in Tecnoglass by 8,803.0% during the fourth quarter. BlackRock Inc. now owns 53,863 shares of the company’s stock worth $435,000 after purchasing an additional 53,258 shares during the last quarter. National Investment Services Inc. WI bought a new stake in Tecnoglass during the first quarter worth about $443,000. Monarch Partners Asset Management LLC bought a new stake in Tecnoglass during the first quarter worth about $746,000. Finally, Pinnacle Associates Ltd. bought a new stake in Tecnoglass during the first quarter worth about $256,000. 12.82% of the stock is owned by institutional investors.

About Tecnoglass

Tecnoglass Inc, through its subsidiaries, manufactures, supplies, and installs architectural glass, windows, and associated aluminum products for the commercial and residential construction industries in North, Central, and South America. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.

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Analyst Recommendations for Tecnoglass (NASDAQ:TGLS)

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