Tecnoglass (NASDAQ:TGLS – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Saturday, Zacks.com reports. The firm currently has a $26.00 target price on the stock. Zacks Investment Research‘s price target points to a potential upside of 16.02% from the company’s current price.
According to Zacks, “Tecnoglass, Inc. is engaged in manufacturing and selling architectural glass and windows and aluminum products for the residential and commercial construction industries. It operates primarily in North, Central and South America. Tecnoglass, Inc., formerly known as Andina Acquisition Corporation, is headquartered in Barranquilla, Colombia. “
TGLS has been the topic of a number of other research reports. StockNews.com started coverage on Tecnoglass in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Raymond James lowered their target price on Tecnoglass from $35.00 to $30.00 and set a “strong-buy” rating on the stock in a research report on Friday, March 4th. Finally, B. Riley lowered their target price on Tecnoglass from $37.00 to $32.00 in a research report on Thursday. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $32.00.
Tecnoglass (NASDAQ:TGLS – Get Rating) last released its earnings results on Wednesday, May 4th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. Tecnoglass had a return on equity of 38.76% and a net margin of 15.58%. During the same period in the prior year, the company earned $0.35 EPS. As a group, equities analysts predict that Tecnoglass will post 2.24 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Koshinski Asset Management Inc. boosted its holdings in shares of Tecnoglass by 31.9% during the first quarter. Koshinski Asset Management Inc. now owns 2,096 shares of the company’s stock worth $53,000 after acquiring an additional 507 shares during the period. Dorsey Wright & Associates boosted its stake in shares of Tecnoglass by 15.7% in the fourth quarter. Dorsey Wright & Associates now owns 4,130 shares of the company’s stock valued at $108,000 after buying an additional 560 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Tecnoglass by 3.4% in the first quarter. Envestnet Asset Management Inc. now owns 17,431 shares of the company’s stock valued at $440,000 after buying an additional 575 shares during the period. Rothschild Investment Corp IL boosted its stake in shares of Tecnoglass by 3.9% in the first quarter. Rothschild Investment Corp IL now owns 27,717 shares of the company’s stock valued at $699,000 after buying an additional 1,035 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Tecnoglass by 3.4% in the third quarter. Royal Bank of Canada now owns 41,411 shares of the company’s stock valued at $899,000 after buying an additional 1,350 shares during the period. Institutional investors and hedge funds own 22.40% of the company’s stock.
Tecnoglass Company Profile (Get Rating)
Tecnoglass Inc, through its subsidiaries, designs, produces, markets, and installs architectural systems for the commercial and residential construction industries in Colombia, the United States, Panama, and internationally. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.
- Get a free copy of the StockNews.com research report on Tecnoglass (TGLS)
- Three Stocks To Ride Out A Rough Market
- MarketBeat: Week in Review 5/2 – 5/6
- AMD (NASDAQ: AMD) Shines Green In A Sea Of Red
- Expedia or Bookings Holdings: Which Stock Should You Travel With?
- Is This The Bottom For Papa John’s International?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tecnoglass Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tecnoglass and related companies with MarketBeat.com's FREE daily email newsletter.