Taminco Corp Receives “Neutral” Rating from JPMorgan Chase & Co. (TAM)
Taminco Corp (NYSE:TAM)‘s stock had its “neutral” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Friday. They currently have a $23.00 target price on the stock, up from their previous target price of $18.00. JPMorgan Chase & Co.’s target price would suggest a potential upside of 5.84% from the stock’s previous close.
Shares of Taminco Corp (NYSE:TAM) opened at 21.73 on Friday. Taminco Corp has a 1-year low of $16.29 and a 1-year high of $23.72. The stock has a 50-day moving average of $21.98 and a 200-day moving average of $21.22. The company’s market cap is $1.443 billion.
Taminco Corp (NYSE:TAM) last released its earnings data on Thursday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.04. On average, analysts predict that Taminco Corp will post $0.87 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. downgraded shares of Taminco Corp from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $25.00 price target on the stock, down previously from $26.00. Analysts at Jefferies Group raised their price target on shares of Taminco Corp from $24.00 to $27.00 in a research note on Monday, June 30th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $24.75.
Taminco Corporation is a producer of alkylamines and alkylamine derivatives. The Company’s products are used by its customers in the manufacturing of everyday products primarily for the agriculture, water treatment, personal and home care, animal nutrition and oil and gas end-markets.
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