Tecnoglass (NASDAQ:TGLS) Downgraded by Sidoti

Tecnoglass (NASDAQ:TGLS - Get Free Report) was downgraded by Sidoti from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. They presently have a $59.00 target price on the stock, up from their previous target price of $56.00. Sidoti's price target would suggest a potential upside of 11.91% from the stock's current price.

Several other equities research analysts have also recently commented on the stock. Robert W. Baird raised their target price on shares of Tecnoglass from $56.00 to $65.00 and gave the stock an "outperform" rating in a research report on Thursday, April 18th. Stifel Nicolaus lowered shares of Tecnoglass from a "buy" rating to a "hold" rating and decreased their price target for the stock from $48.00 to $45.00 in a research note on Wednesday, February 14th. B. Riley increased their price target on shares of Tecnoglass from $51.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, April 9th. Finally, DA Davidson reiterated a "buy" rating and issued a $50.00 price target on shares of Tecnoglass in a research note on Monday, March 4th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $54.83.

Tecnoglass Trading Down 5.1 %

TGLS traded down $2.83 during trading on Wednesday, hitting $52.72. 449,961 shares of the stock traded hands, compared to its average volume of 343,285. The firm has a market capitalization of $2.48 billion, a P/E ratio of 14.43 and a beta of 1.80. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.27 and a quick ratio of 1.60. The firm has a 50-day moving average of $50.98 and a 200 day moving average of $43.91. Tecnoglass has a 12-month low of $28.21 and a 12-month high of $59.76.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.05. The business had revenue of $194.60 million during the quarter, compared to analysts' expectations of $199.93 million. Tecnoglass had a net margin of 21.95% and a return on equity of 38.92%. Equities research analysts anticipate that Tecnoglass will post 3.7 EPS for the current year.

Institutional Trading of Tecnoglass

A number of institutional investors have recently made changes to their positions in TGLS. American Century Companies Inc. boosted its holdings in shares of Tecnoglass by 84.6% during the 3rd quarter. American Century Companies Inc. now owns 2,105,685 shares of the company's stock valued at $69,403,000 after acquiring an additional 965,316 shares during the last quarter. Owls Nest Partners IA LLC boosted its holdings in shares of Tecnoglass by 200.1% in the fourth quarter. Owls Nest Partners IA LLC now owns 577,765 shares of the company's stock worth $26,410,000 after buying an additional 385,265 shares during the last quarter. Cooke & Bieler LP boosted its holdings in shares of Tecnoglass by 35.8% in the fourth quarter. Cooke & Bieler LP now owns 1,300,179 shares of the company's stock worth $59,431,000 after buying an additional 342,451 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Tecnoglass by 58.8% during the fourth quarter. Victory Capital Management Inc. now owns 815,756 shares of the company's stock valued at $37,288,000 after purchasing an additional 302,163 shares in the last quarter. Finally, Clearbridge Investments LLC purchased a new position in Tecnoglass during the third quarter valued at approximately $9,837,000. Hedge funds and other institutional investors own 37.35% of the company's stock.

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.