Taminco Corp Reaches New 1-Year High at $23.84 (TAM)
Taminco Corp (NYSE:TAM)’s share price reached a new 52-week high during mid-day trading on Friday , StockRatingsNetwork reports. The stock traded as high as $23.84 and last traded at $23.83, with a volume of 19,771 shares changing hands. The stock had previously closed at $23.55.
TAM has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Taminco Corp in a research note on Friday, August 8th. They now have a $23.00 price target on the stock, up previously from $18.00. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $24.75.
The stock has a 50-day moving average of $21.95 and a 200-day moving average of $21.45. The company has a market cap of $1.592 billion and a price-to-earnings ratio of 71.15.
Taminco Corp (NYSE:TAM) last announced its earnings results 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. Analysts expect that Taminco Corp will post $0.86 EPS for the current fiscal year.
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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