Barclays Reiterates “Equal Weight” Rating for Interface (TILE)
Interface (NASDAQ:TILE)‘s stock had its “equal weight” rating reiterated by equities researchers at Barclays in a research report issued on Wednesday. They currently have a $21.00 price target on the stock, up from their previous price target of $20.00. Barclays’ target price indicates a potential upside of 12.36% from the stock’s previous close.
Interface (NASDAQ:TILE) traded down 1.58% on Wednesday, hitting $18.69. 273,181 shares of the company’s stock traded hands. Interface has a 52-week low of $16.97 and a 52-week high of $22.46. The stock has a 50-day moving average of $18.1 and a 200-day moving average of $19.52. The company has a market cap of $1.242 billion and a P/E ratio of 27.93.
Interface (NASDAQ:TILE) last announced its earnings results on Wednesday, April 23rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.07. The company had revenue of $219.00 million for the quarter, compared to the consensus estimate of $222.84 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that Interface will post $0.84 earnings per share for the current fiscal year.
TILE has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Interface from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $19.40 price target on the stock. Analysts at TheStreet downgraded shares of Interface from a “buy” rating to a “hold” rating in a research note on Friday, June 13th.
In other Interface news, CEO Daniel T. Hendrix sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $18.49, for a total value of $92,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Interface, Inc is an industrials company in the Office Services & Supplies industry.
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