Interface, Inc. (TILE) Receives $25.00 Consensus Price Target from Analysts

Shares of Interface, Inc. (NASDAQ:TILE) have earned an average recommendation of “Buy” from the seven analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $25.00.

A number of equities analysts have recently issued reports on the company. BidaskClub raised Interface from a “sell” rating to a “hold” rating in a report on Friday, September 28th. ValuEngine cut Interface from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Nomura set a $26.00 price target on Interface and gave the stock a “buy” rating in a research report on Monday, December 17th. TheStreet lowered Interface from a “b” rating to a “c+” rating in a research report on Wednesday, October 24th. Finally, Macquarie set a $20.00 price target on Interface and gave the stock a “hold” rating in a research report on Friday, October 26th.

Shares of TILE opened at $15.62 on Friday. Interface has a 1 year low of $13.45 and a 1 year high of $26.25. The company has a quick ratio of 1.35, a current ratio of 2.52 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $915.42 million, a PE ratio of 13.24 and a beta of 1.43.

Interface (NASDAQ:TILE) last issued its earnings results on Wednesday, October 24th. The textile maker reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. Interface had a return on equity of 24.69% and a net margin of 4.35%. The business had revenue of $318.33 million during the quarter, compared to analysts’ expectations of $316.38 million. During the same period in the prior year, the firm posted $0.32 EPS. As a group, equities research analysts expect that Interface will post 1.48 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in Interface by 203.4% in the 2nd quarter. SG Americas Securities LLC now owns 19,434 shares of the textile maker’s stock valued at $446,000 after buying an additional 13,028 shares during the last quarter. Aperio Group LLC boosted its position in Interface by 14.5% in the 3rd quarter. Aperio Group LLC now owns 82,199 shares of the textile maker’s stock valued at $1,919,000 after buying an additional 10,433 shares during the last quarter. BlackRock Inc. boosted its position in Interface by 7.2% in the 2nd quarter. BlackRock Inc. now owns 9,237,013 shares of the textile maker’s stock valued at $211,990,000 after buying an additional 619,945 shares during the last quarter. Renaissance Technologies LLC boosted its position in Interface by 76.1% in the 2nd quarter. Renaissance Technologies LLC now owns 326,300 shares of the textile maker’s stock valued at $7,489,000 after buying an additional 140,960 shares during the last quarter. Finally, Vanguard Group Inc boosted its position in Interface by 2.0% in the 3rd quarter. Vanguard Group Inc now owns 5,981,953 shares of the textile maker’s stock valued at $139,679,000 after buying an additional 115,036 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

Interface Company Profile

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.

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