Interface (TILE) Downgraded by ValuEngine to “Sell”
ValuEngine downgraded shares of Interface (NASDAQ:TILE) from a hold rating to a sell rating in a research note published on Friday morning.
TILE has been the topic of a number of other research reports. BidaskClub raised Interface from a hold rating to a buy rating in a research note on Saturday, July 7th. Longbow Research raised Interface from a neutral rating to a buy rating and set a $30.00 price objective on the stock in a research note on Tuesday, August 14th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Interface from a hold rating to a strong-buy rating and set a $26.00 price objective on the stock in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Interface presently has a consensus rating of Buy and a consensus target price of $26.75.
Interface stock traded down $0.64 on Friday, reaching $19.55. The company’s stock had a trading volume of 484,581 shares, compared to its average volume of 378,985. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 2.57. The firm has a market cap of $1.39 billion, a P/E ratio of 16.57 and a beta of 1.12. Interface has a twelve month low of $19.50 and a twelve month high of $26.25.
Several hedge funds have recently added to or reduced their stakes in TILE. BlackRock Inc. raised its position in shares of Interface by 10.4% during the first quarter. BlackRock Inc. now owns 8,617,068 shares of the textile maker’s stock worth $217,152,000 after acquiring an additional 810,681 shares during the last quarter. Citigroup Inc. increased its holdings in Interface by 134.4% in the first quarter. Citigroup Inc. now owns 29,520 shares of the textile maker’s stock valued at $744,000 after purchasing an additional 16,926 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Interface in the first quarter valued at about $403,000. Profund Advisors LLC increased its holdings in Interface by 27.9% in the first quarter. Profund Advisors LLC now owns 11,896 shares of the textile maker’s stock valued at $300,000 after purchasing an additional 2,592 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in Interface by 6.0% in the first quarter. Nuveen Asset Management LLC now owns 147,037 shares of the textile maker’s stock valued at $3,705,000 after purchasing an additional 8,324 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.
Interface, Inc, a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; and luxury vinyl tile products.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Interface Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interface and related companies with MarketBeat.com's FREE daily email newsletter.