Tecnoglass (NYSE:TGLS) Given New $63.00 Price Target at B. Riley Financial

Key Points

• B. Riley raised its price target on Tecnoglass from $55 to $63 and maintained a Buy rating, implying 35.66% upside from the prior close.
• Analyst ratings overall point to a Moderate Buy, with an average price target of $62.67; three analysts rate the stock Buy and two rate it Hold.
• Tecnoglass beat quarterly EPS estimates ($0.61 versus $0.58) and revenue grew 19.2% year over year, but Sidoti cut its FY2027 EPS forecast to $3.28 from $3.40.

Tecnoglass (NYSE:TGLS - Get Free Report) had its price objective raised by equities research analysts at B. Riley Financial from $55.00 to $63.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. B. Riley Financial's price target points to a potential upside of 35.66% from the stock's previous close.

Several other brokerages also recently weighed in on TGLS. Zacks Research upgraded shares of Tecnoglass from a "strong sell" rating to a "hold" rating in a research report on Tuesday, October 20th. Weiss Ratings upgraded shares of Tecnoglass from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, October 2nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Tecnoglass presently has a consensus rating of "Moderate Buy" and an average target price of $62.67.

Tecnoglass Price Performance

Shares of NYSE TGLS opened at $46.44 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.90 and a quick ratio of 1.17. The firm has a market capitalization of $2.06 billion and a PE ratio of 19.69. Tecnoglass has a 1-year low of $34.05 and a 1-year high of $54.85. The business's fifty day moving average price is $38.49 and its two-hundred day moving average price is $42.92.

Tecnoglass (NYSE:TGLS - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $310.57 million during the quarter. Tecnoglass had a net margin of 9.57% and a return on equity of 14.99%. The business's revenue was up 19.2% compared to the same quarter last year. During the same period last year, the firm posted $1.00 EPS. On average, research analysts expect that Tecnoglass will post 2.54 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC raised its stake in shares of Tecnoglass by 444.0% during the first quarter. Parallel Advisors LLC now owns 952 shares of the company's stock valued at $42,000 after purchasing an additional 777 shares in the last quarter. State of Wyoming grew its position in Tecnoglass by 53.1% in the 1st quarter. State of Wyoming now owns 1,415 shares of the company's stock valued at $63,000 after buying an additional 491 shares in the last quarter. Entropy Technologies LP bought a new position in Tecnoglass in the 1st quarter valued at about $242,000. AXQ Capital LP bought a new position in Tecnoglass in the 2nd quarter valued at about $301,000. Finally, Sanctuary Advisors LLC grew its position in Tecnoglass by 59.3% in the 1st quarter. Sanctuary Advisors LLC now owns 6,903 shares of the company's stock valued at $308,000 after buying an additional 2,570 shares in the last quarter. Institutional investors own 37.35% of the company's stock.

Key Tecnoglass News

These are some of the TGLS news items that stood out recently:

• Positive Sentiment: Sidoti sees FY2028 EPS of $3.88, with forecasts of $0.67 for Q1 and $0.99 for Q2, suggesting expected earnings growth further out. Tecnoglass analyst estimates
• Neutral Sentiment: Sidoti raised its Q1 2027 EPS estimate to $0.54 from $0.50, a modest upward revision amid otherwise mixed quarterly changes. Tecnoglass analyst estimates
• Negative Sentiment: Sidoti cut its FY2027 EPS outlook to $3.28 from $3.40. It also lowered estimates for Q4 2026 ($0.56 from $0.65), Q2 2027 ($0.82 from $0.91), Q3 2027 ($0.97 from $1.00), and Q4 2027 ($0.95 from $0.99). These reductions could weigh on sentiment by signaling softer expected earnings over the coming quarters. Tecnoglass analyst estimates

Tecnoglass Company Profile

Tecnoglass Inc. manufactures architectural glass, windows and aluminum products for residential and commercial construction. Its offerings include insulated and laminated glass, impact-resistant windows, curtain wall systems, storefronts and other building-envelope products. Founded in 1984, the company is based in Barranquilla, Colombia, where it operates manufacturing facilities. Tecnoglass serves customers in the United States, Colombia and other markets in the Americas, with the U.S. as a major market.

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