Tecnoglass Inc. (NASDAQ:TGLS – Get Free Report)’s share price hit a new 52-week high on Monday after Robert W. Baird raised their price target on the stock from $76.00 to $85.00. Robert W. Baird currently has an outperform rating on the stock. Tecnoglass traded as high as $80.51 and last traded at $79.71, with a volume of 29998 shares. The stock had previously closed at $78.10.
Several other brokerages have also recently weighed in on TGLS. Stifel Nicolaus upped 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. B. Riley reaffirmed a “neutral” rating and set a $72.00 price objective (up from $69.00) on shares of Tecnoglass in a research note on Thursday, October 10th. DA Davidson upped their price objective on shares of Tecnoglass from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, Sidoti raised shares of Tecnoglass from a “neutral” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Wednesday, June 26th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $67.33.
Read Our Latest Research Report on TGLS
Institutional Trading of Tecnoglass
Tecnoglass Stock Down 9.1 %
The business’s fifty day simple moving average is $66.16 and its 200 day simple moving average is $57.16. 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 stock has a market cap of $3.23 billion, a price-to-earnings ratio of 19.82 and a beta of 1.86.
Tecnoglass (NASDAQ:TGLS – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $219.65 million for the quarter, compared to analysts’ expectations of $219.29 million. Tecnoglass had a net margin of 17.97% and a return on equity of 28.12%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm posted $1.12 earnings per share. Equities analysts forecast that Tecnoglass Inc. will post 3.44 earnings per share for the current fiscal year.
Tecnoglass Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a dividend of $0.11 per share. The ex-dividend date is Monday, September 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.64%. Tecnoglass’s dividend 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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