Taminco Corp Downgraded to Neutral at Goldman Sachs Group Inc. (TAM)
Taminco Corp (NYSE:TAM) was downgraded by stock analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports.
Taminco Corp (NYSE:TAM) traded up 0.75% during mid-day trading on Tuesday, hitting $21.36. The stock had a trading volume of 209,171 shares. Taminco Corp has a 52-week low of $13.75 and a 52-week high of $23.30. The stock’s 50-day moving average is $20.54 and its 200-day moving average is $20.52. The company has a market cap of $1.418 billion and a price-to-earnings ratio of 605.71.
Taminco Corp (NYSE:TAM) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.09 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.17 by $0.08. Analysts expect that Taminco Corp will post $0.45 EPS for the current fiscal year.
Separately, analysts at Jefferies Group raised their price target on shares of Taminco Corp from $23.00 to $24.00 in a research note to investors on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $23.00.
TAM SA (NYSE:TAM) is a Brazil-based company engaged in providing scheduled air transportation in both the domestic and the international markets through the Company’s operating subsidiaries, TAM Linhas Aereas SA (TAM Linhas Aereas), Transportes Aereos Del Mercosur SA (TAM Mercosur) and Pantanal Linhas Aereas SA The Company offers flights throughout Brazil.
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