Tecnoglass Inc. (NASDAQ:TGLS) Receives $77.40 Average Price Target from Brokerages

Tecnoglass Inc. (NASDAQ:TGLS) has earned an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $77.40.

TGLS has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on shares of Tecnoglass in a research note on Saturday, December 14th. They set a “hold” rating on the stock. DA Davidson lifted their price objective on shares of Tecnoglass from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th.

Tecnoglass Stock Performance

Shares of NASDAQ TGLS opened at $64.61 on Friday. The firm’s 50-day moving average price is $75.86 and its 200-day moving average price is $73.77. Tecnoglass has a 52-week low of $40.94 and a 52-week high of $86.99. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.04 billion, a PE ratio of 20.19 and a beta of 1.94.

Institutional Trading of Tecnoglass

Several institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. purchased a new stake in shares of Tecnoglass during the third quarter worth about $2,211,000. Tidal Investments LLC purchased a new stake in shares of Tecnoglass during the third quarter worth about $585,000. Barclays PLC boosted its position in Tecnoglass by 32.2% in the third quarter. Barclays PLC now owns 35,376 shares of the company’s stock valued at $2,429,000 after buying an additional 8,613 shares during the last quarter. GSA Capital Partners LLP boosted its position in Tecnoglass by 262.4% in the third quarter. GSA Capital Partners LLP now owns 20,089 shares of the company’s stock valued at $1,379,000 after buying an additional 14,545 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Tecnoglass by 4.8% in the third quarter. Geode Capital Management LLC now owns 500,265 shares of the company’s stock valued at $34,355,000 after buying an additional 22,700 shares during the last quarter. 37.35% of the stock is currently owned by institutional investors.

Tecnoglass Company Profile

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.