Tecnoglass Is A Clear Choice -

Tecnoglass Is A Clear Choice

Oct 22, 2024Jeremy ParkinsonFinance, No picture0

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Summary

Tecnoglass has shown strong technical performance, with a 34.91% gain since the Trend Seeker buy signal on 8/9 and a 132.47% gain in the last year..

The company manufactures and sells architectural glass and aluminum products for various markets, with a market cap of $3.67 billion and a P/E ratio of 23.37..

Wall Street analysts have given 4 strong buy and 1 hold ratings, with price targets between $62 and $76, and Value Line rating it a 1 with a $90 target..

Revenue is expected to grow 6.80% this year and 10.78% next year, with earnings estimated to increase 18.50% next year.

The Chart of the Day belongs to the architectural glass company Tecnoglass (TGLS). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 8/9 the stock gained 34.91%. TGLS Price vs Daily Moving Averages
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. It offers aluminum products, including bars, plates, profiles, rods, and tubes that are used in the manufacture of architectural glass settings, such as windows, doors, spatial separators, and related products through the Alutions brand name. In addition, the company offers curtain wall/floating facades, stick facade systems, windows and doors, interior dividers and commercial display windows, hurricane-proof windows, StormArmour, that are attachment for sliding doors, and other products, such as awnings, structures, automatic doors, and other components of architectural systems. It markets and sells its products primarily under the Tecnoglass, ESWindows, Alutions, El Poder de la Calidad, Energia Solar, Tecnoglass, Alutions, Eswindows, Tecnobend, Tecnoair, Tecnosmart, ECOMAX by ESWINDOWS, ESWINDOWS Interiors, ESW Windows and Walls, Solartec by Tecnoglass, Prestige by ESWINDOWS, Eli by ESWINDOWS, Alessia by ESWINDOWS, Elite Line by ESWindows, ULTRAVIEW by Tecnoglass, and MULTIMAX by ESWIDOWS brands through internal and independent sales representatives, as wells as directly to distributors. It serves developers, general contractors or installers for hotels, office buildings, shopping centers, airports, universities, hospitals, and multifamily and residential buildings. The company was founded in 1984 and is headquartered in Barranquilla, Colombia. Barchart’s Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:

100% technical buy signals

132.53+ Weighted Alpha

132.47% gain in the last year

Trend Seeker buy signal

1.86 – 60 month Beta

Above its 20, 50 and 100 day moving averages

18 new highs and up 10.73% in the last month

Relative Strength Index 68.92%

Technical support level at $73.84

Recently traded at $75.67 with 50 day moving average of $65.80

Fundamental Factors:

Market Cap $3.67 billion

P/E 23.37

Dividend yield .54%

Revenue expected to grow 6.80% this year and another 10.78% next year

Earnings are estimated to increase an additional 18.50% next year and continue to increase at a compounded annual rate of .94% for the next 5 years

Analysts and Investor Sentiment — I don’t buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it’s hard to make money swimming against the tide:

Wall Street analyst gave 4 strong buy and 1 hold opinion on the stock

Analysts’ price targets are between $62 and $76

Value Line rates the stock its highest rating of 1 with a price target of $90 or 5% above its recent closing

CFRAs MarketScope rates the stock a hold

MorningStar gives the stock its average rating of 3 with a fair value of $83.29 or 6% under valued

7,980 investors monitor the stock on Seeking Alpha

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