Interface (TILE) : Currently there are 2 street experts covering Interface (TILE) stock. The most bullish and bearish price target for the stock is $31 and $22 respectively for the short term. The average price target of all the analysts comes to $26.5. The estimated standard deviation from the target is $6.36.
Interface (TILE) has an average broker rating of 3, which is interpreted as a Hold, as rated by 4 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Also, Raymond James downgrades their rating on the shares of Interface (NASDAQ:TILE). The current rating of the shares is Underperform. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on June 24, 2016.
Interface (NASDAQ:TILE): The stock opened at $17.65 on Thursday but the bulls could not build on the opening and the stock topped out at $17.82 for the day. The stock traded down to $17.50 during the day, due to lack of any buying support eventually closed down at $17.67 with a loss of -0.06% for the day. The stock had closed at $17.68 on the previous day. The total traded volume was 353,674 shares.
Interface Inc. is engaged in design, production and sales of modular carpet, also known as carpet tile across the world. The Company markets its modular carpets in over 110 countries under the brand names Interface and FLOR. The Companys revenues are derived from sales of floorcovering products, primarily modular carpet. The Company distributes its product through two primary channels: direct sales to end users and indirect sales through independent contractors or distributors. The Company sells an antimicrobial chemical compound under the trademark Intersept that the Company incorporates in all of its modular carpet products. The Company manufactures carpet at two locations in the United States and at facilities in the Netherlands, the United Kingdom, Thailand, China and Australia. The Companys principal geographic markets are the Americas, Europe and Asia-Pacific.