Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Tecnoglass (TGLS – Research Report) and Ascent Industries (ACNT – Research Report).
Tecnoglass (TGLS)
Stifel Nicolaus analyst Stanley Elliott maintained a Hold rating on Tecnoglass on May 10 and set a price target of $50.00. The company’s shares closed last Friday at $52.53.
According to TipRanks.com, Elliott is a top 100 analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tecnoglass with a $58.25 average price target, which is a 12.8% upside from current levels. In a report issued on May 1, Sidoti also downgraded the stock to Hold with a $59.00 price target.
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Ascent Industries (ACNT)
Stifel Nicolaus analyst Vincent Anderson maintained a Buy rating on Ascent Industries on May 10 and set a price target of $18.00. The company’s shares closed last Friday at $10.24.
According to TipRanks.com, Anderson is a 4-star analyst with an average return of
Currently, the analyst consensus on Ascent Industries is a Moderate Buy with an average price target of $18.00.
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