B.Riley FBR analyst Alex Rygiel maintained a Buy rating on Tecnoglass Inc (NASDAQ: TGLS) today and set a price target of $12.50. The company’s shares closed on Friday at $8.95.
According to TipRanks.com, Rygiel is a 5-star analyst with an average return of 13.2% and a 64.4% success rate. Rygiel covers the Basic Materials sector, focusing on stocks such as Granite Construction Inc, Tutor Perini Corp, and Quanta Services.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tecnoglass Inc with a $12.50 average price target.
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Based on Tecnoglass Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $3.66 million. In comparison, last year the company had a GAAP net loss of $3.56 million.
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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.
