Analyst Rating Update on Interface (TILE)

Interface (NASDAQ:TILE) has an average broker rating of 2.6, which is interpreted as a Hold, as rated by 5 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Interface (NASDAQ:TILE) : The highest short term price target forecast on Interface (NASDAQ:TILE) is $31 and the lowest target price is $20. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $24.33 with a standard deviation of $5.86.

For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Raymond James downgrades its outlook on Interface (NASDAQ:TILE). The current rating of the shares is Underperform, according to the research report released by the firm. Previously, the company had a rating of Market Perform. The rating by the firm was issued on June 24, 2016.

Interface (NASDAQ:TILE): On Tuesdays trading session , Opening price of the stock was $14.9 with an intraday high of $15.06. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.56. However, the stock managed to close at $14.67, a loss of 1.21% for the day. On the previous day, the stock had closed at $14.85. The total traded volume of the day was 991,824 shares.

In an insider trading activity,The director officer (Chairman & CEO) of Interface Inc, Hendrix Daniel T sold 3,000 shares at $17.1 on June 6, 2016. The Insider selling transaction had a total value worth of $51,300. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Interface Inc. is engaged in design, production and sales of modular carpet, also known as carpet tile across the world. The Company markets its modular carpets in over 110 countries under the brand names Interface and FLOR. The Companys revenues are derived from sales of floorcovering products, primarily modular carpet. The Company distributes its product through two primary channels: direct sales to end users and indirect sales through independent contractors or distributors. The Company sells an antimicrobial chemical compound under the trademark Intersept that the Company incorporates in all of its modular carpet products. The Company manufactures carpet at two locations in the United States and at facilities in the Netherlands, the United Kingdom, Thailand, China and Australia. The Companys principal geographic markets are the Americas, Europe and Asia-Pacific.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.