Tecnoglass Inc. (NASDAQ:TGLS – Get Free Report) has been assigned a consensus recommendation of “Buy” from the five analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $54.00.
Several research firms recently weighed in on TGLS. DA Davidson restated a “buy” rating and issued a $50.00 target price on shares of Tecnoglass in a report on Monday, March 4th. B. Riley upped their price target on Tecnoglass from $51.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Robert W. Baird upped their price target on Tecnoglass from $56.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Finally, Stifel Nicolaus lowered Tecnoglass from a “buy” rating to a “hold” rating and cut their price target for the stock from $48.00 to $45.00 in a report on Wednesday, February 14th.
Read Our Latest Report on TGLS
Institutional Trading of Tecnoglass
Tecnoglass Trading Down 0.1 %
NASDAQ:TGLS opened at $54.63 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.27 and a quick ratio of 1.60. Tecnoglass has a fifty-two week low of $28.21 and a fifty-two week high of $59.76. The stock’s 50-day moving average is $49.45 and its two-hundred day moving average is $42.85. The stock has a market cap of $2.57 billion, a PE ratio of 14.19 and a beta of 1.80.
Tecnoglass (NASDAQ:TGLS – Get Free Report) last posted its earnings results on Thursday, February 29th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.05. Tecnoglass had a return on equity of 38.92% and a net margin of 21.95%. The firm had revenue of $194.60 million during the quarter, compared to analyst estimates of $199.93 million. As a group, equities research analysts forecast that Tecnoglass will post 3.7 earnings per share for the current fiscal year.
Tecnoglass Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, March 27th. This is a boost from Tecnoglass’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.81%. Tecnoglass’s payout ratio is currently 11.43%.
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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