Tecnoglass Inc. (TGLS) Reaches $8.94 After 3.00% Down Move; 2 Bullish Analysts Covering Saputo Inc. (TSE:SAP)

January 14, 2018 - By wolcottdaily

The stock of Tecnoglass Inc. (NASDAQ:TGLS) is a huge mover today! The stock decreased 2.83% or $0.26 during the last trading session, reaching $8.94. About 101,537 shares traded or 194.28% up from the average. Tecnoglass Inc. (NASDAQ:TGLS) has declined 11.66% since January 14, 2017 and is downtrending. It has underperformed by 28.36% the S&P500.The move comes after 7 months negative chart setup for the $306.17M company. It was reported on Jan, 14 by Barchart.com. We have $8.67 PT which if reached, will make NASDAQ:TGLS worth $9.18 million less.

Among 7 analysts covering Saputo Inc. (TSE:SAP), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Saputo Inc. had 39 analyst reports since August 5, 2015 according to SRatingsIntel. RBC Capital Markets maintained Saputo Inc. (TSE:SAP) on Friday, February 3 with “Sector Perform” rating. The firm has “Outperform” rating given on Friday, January 27 by Scotia Capital. The rating was maintained by TD Securities on Friday, July 29 with “Hold”. The stock of Saputo Inc. (TSE:SAP) has “Outperform” rating given on Friday, July 29 by Scotia Capital. The rating was maintained by BMO Capital Markets on Friday, October 27 with “Market Perform”. On Tuesday, May 24 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. RBC Capital Markets maintained Saputo Inc. (TSE:SAP) rating on Friday, June 3. RBC Capital Markets has “Sector Perform” rating and $42 target. RBC Capital Markets maintained it with “Sector Perform” rating and $50 target in Tuesday, April 11 report. BMO Capital Markets maintained Saputo Inc. (TSE:SAP) on Thursday, April 13 with “Market Perform” rating. The stock of Saputo Inc. (TSE:SAP) earned “Hold” rating by TD Securities on Friday, February 3. See Saputo Inc. (TSE:SAP) latest ratings:




27/10/2017 Broker: BMO Capital Markets Rating: Market Perform New Target: $47.00 Maintain
27/10/2017 Broker: TD Securities Rating: Buy Old Target: $49.00 New Target: $52.00 Target Up
26/07/2017 Broker: National Bank Canada Rating: Sector Perform Old Target: $48.00 New Target: $47.00 Target Down

Investors sentiment decreased to 0.8 in Q3 2017. Its down 1.34, from 2.14 in 2017Q2. It turned negative, as 3 investors sold Tecnoglass Inc. shares while 7 reduced holdings. 2 funds opened positions while 6 raised stakes. 874,201 shares or 30.39% less from 1.26 million shares in 2017Q2 were reported. Royal Natl Bank Of Canada invested in 1 shares or 0% of the stock. Morgan Stanley has invested 0% in Tecnoglass Inc. (NASDAQ:TGLS). Deutsche Bancorporation Ag accumulated 17,433 shares. Kenmare Cap Partners owns 36,376 shares. Kennedy Cap Mgmt Inc has 0.03% invested in Tecnoglass Inc. (NASDAQ:TGLS). Bancshares Of America De owns 1,013 shares or 0% of their US portfolio. Renaissance Technologies Limited owns 0% invested in Tecnoglass Inc. (NASDAQ:TGLS) for 14,000 shares. Tower Rech Lc (Trc) reported 2,544 shares stake. Malaga Cove Cap Ltd Liability Com stated it has 0.38% in Tecnoglass Inc. (NASDAQ:TGLS). Blackrock invested 0% in Tecnoglass Inc. (NASDAQ:TGLS). Goldman Sachs Gp Incorporated holds 0% or 12,051 shares. California Public Employees Retirement accumulated 82,077 shares. Pnc Financial Services Gp invested in 0% or 1 shares. Vanguard Grp Inc Inc Inc reported 0% of its portfolio in Tecnoglass Inc. (NASDAQ:TGLS). Hbk Investments Limited Partnership holds 0% or 22,340 shares in its portfolio.

Since December 13, 2017, it had 0 insider purchases, and 1 insider sale for $65,739 activity. Byorum Martha L had sold 9,000 shares worth $65,739.

Among 2 analysts covering Tecnoglass (NASDAQ:TGLS), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Tecnoglass had 2 analyst reports since December 2, 2016 according to SRatingsIntel. The stock has “Mkt Outperform” rating by Avondale on Friday, December 2. On Tuesday, August 15 the stock rating was downgraded by Dougherty to “Neutral”.

Analysts await Tecnoglass Inc. (NASDAQ:TGLS) to report earnings on March, 9. They expect $0.13 EPS, down 13.33% or $0.02 from last year’s $0.15 per share. TGLS’s profit will be $4.45 million for 17.19 P/E if the $0.13 EPS becomes a reality. After $0.11 actual EPS reported by Tecnoglass Inc. for the previous quarter, Wall Street now forecasts 18.18% 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 $306.17 million. The firm offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass. It has a 40.09 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.

The stock increased 1.18% or $0.5 during the last trading session, reaching $42.78. About 347,713 shares traded. Saputo Inc. (TSE:SAP) has 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Saputo Inc. produces, markets, and distributes various dairy products in Canada, the United States, Argentina, and Australia. The company has market cap of $16.54 billion. It offers a range of cheese products, such as mozzarella, American-style, specialty cheeses, cheddar, fine cheeses, and other cheeses; butter; and dairy and non-dairy extended shelf-life products, including cream and creamers, ice cream mixes, whipping creams, aerosol whipped toppings, iced coffee, and value-added milks, as well as cultured products, such as sour cream and cottage cheese. It has a 22.4 P/E ratio. The firm also provides dairy ingredients, including whey powder, whey protein concentrates, and dairy ingredient blends; and fluid milk, cream, yogurt, sour creams, cottage cheese, and ice cream mixes, as well as other dairy and non-dairy products, such as flavored creams, dips, and flavored coffee whiteners.

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