Tecnoglass (NASDAQ:TGLS) a Buy or a Sell? What does Raymond James Think?

Tecnoglass Inc. (NASDAQ:TGLS) Logo

Investors sentiment increased to 3.75 in 2018 Q4. Its up 0.95, from 2.8 in 2018Q3. It increased, as 1 investors sold Tecnoglass Inc. shares while 3 reduced holdings. 4 funds opened positions while 11 raised stakes. 3.15 million shares or 130.51% more from 1.37 million shares in 2018Q3 were reported.

Perritt Capital Mngmt invested in 139,752 shares or 0.43% of the stock. Geode Mngmt Limited Liability Corporation has 0% invested in Tecnoglass Inc. (NASDAQ:TGLS) for 41,545 shares. Boothbay Fund Management Llc reported 0.04% stake. Illinois-based Northern has invested 0% in Tecnoglass Inc. (NASDAQ:TGLS). Rutabaga Cap Mngmt Ltd Limited Liability Company Ma owns 688,216 shares. Deutsche Bancorporation Ag owns 42,072 shares or 0% of their US portfolio. Bancorp Of America De reported 2,478 shares or 0% of all its holdings. Blackrock invested in 0% or 53,863 shares. Acadian Asset Mngmt Limited Liability Company stated it has 11,075 shares. Vanguard Grp Inc invested 0% in Tecnoglass Inc. (NASDAQ:TGLS). Mirae Asset Investments Company, Korea-based fund reported 85,070 shares. Navellier Assocs Inc reported 60,922 shares or 0.08% of all its holdings. California Public Employees Retirement System owns 89,222 shares or 0% of their US portfolio. Morgan Stanley reported 700 shares. Royal Bancorp Of Canada holds 0% of its portfolio in Tecnoglass Inc. (NASDAQ:TGLS) for 1,907 shares.

Since November 13, 2018, it had 0 insider purchases, and 3 insider sales for $125,887 activity.

How Raymond James Currently Rates Tecnoglass (NASDAQ:TGLS)

Raymond James has started coverage on Tecnoglass (NASDAQ:TGLS) shares recently in analysts report issued to clients on Wednesday, 8 May. The company has decided to place a “Outperform” rating on TGLS stock.

The stock increased 0.57% or $0.04 during the last trading session, reaching $7.01. About 71,658 shares traded. Tecnoglass Inc. (NASDAQ:TGLS) has declined 4.26% since May 8, 2018 and is downtrending. It has underperformed by 8.63% the S&P500.

Analysts await Tecnoglass Inc. (NASDAQ:TGLS) to report earnings on May, 9 before the open. They expect $0.15 EPS, up 7.14 % or $0.01 from last year’s $0.14 per share. TGLS’s profit will be $6.63M for 11.68 P/E if the $0.15 EPS becomes a reality. After $0.27 actual EPS reported by Tecnoglass Inc. for the previous quarter, Wall Street now forecasts -44.44 % negative EPS growth.

Tecnoglass Inc., through its subsidiaries, makes and sells architectural glass and windows for residential and commercial construction industries in North, Central, and South America. The company has market cap of $309.72 million. The firm offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass. It has a 29.58 P/E ratio. It also produces, exports, imports, and markets aluminum products, including profiles, rods, bars, plates, tubes, and other hardware used in the manufacture of architectural glass settings, such as windows, doors, spatial separators, and similar products.

More notable recent Tecnoglass Inc. (NASDAQ:TGLS) news were published by: Benzinga.com which released: “Earnings Scheduled For March 7, 2019 – Benzinga” on March 07, 2019, also Globenewswire.com with their article: “Tecnoglass Declares Dividend for Third Quarter 2018 Nasdaq:TGLS – GlobeNewswire” published on September 07, 2018, Zacks.com published: “The Stars Group (TSG) Lags Q3 Earnings and Revenue Estimates – Zacks.com” on November 07, 2018. More interesting news about Tecnoglass Inc. (NASDAQ:TGLS) were released by: Nasdaq.com and their article: “KLA-Tencor Corporation (KLAC) Ex-Dividend Date Scheduled for February 14, 2019 – Nasdaq” published on February 13, 2019 as well as Nasdaq.com‘s news article titled: “TE Connectivity Ltd. (TEL) Ex-Dividend Date Scheduled for November 21, 2018 – Nasdaq” with publication date: November 20, 2018.

Tecnoglass Inc. (NASDAQ:TGLS) Ratings Chart

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