In a report issued on May 4, Timothy Wojs from Robert W. Baird assigned a Buy rating to Tecnoglass (TGLS – Research Report), with a price target of $36.00. The company’s shares closed last Thursday at $23.03.
According to TipRanks.com, Wojs is a 2-star analyst with an average return of -0.1% and a 48.9% success rate. Wojs covers the Industrial Goods sector, focusing on stocks such as Simpson Manufacturing Co, Lennox International, and Carlisle Companies.
Tecnoglass has an analyst consensus of Strong Buy, with a price target consensus of $33.67, implying a 43.7% upside from current levels. In a report released yesterday, B.Riley Financial also maintained a Buy rating on the stock with a $32.00 price target.
Tecnoglass’ market cap is currently $1.16B and has a P/E ratio of 16.53.
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Tecnoglass, Inc. is a holding company, which engages in the design, manufacturing, distribution, marketing, and installation of architectural glass, windows, and associated aluminum products. It offers insulating, laminated, and monolithic glass. The company was founded on September 21, 2011 and is headquartered in Barranquilla, Colombia.
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