In a report released today, Mike Wood from Nomura maintained a Buy rating on Interface (TILE), with a price target of $24. The company’s shares closed on Friday at $14.68, close to its 52-week low of $13.45.
According to TipRanks.com, Wood is a 1-star analyst with an average return of -3.9% and a 50.0% success rate. Wood covers the Industrial Goods sector, focusing on stocks such as Installed Building Products, Masonite International, and Armstrong Flooring Inc.
Interface has an analyst consensus of Moderate Buy, with a price target consensus of $22.20.
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Interface’s market cap is currently $873.8M and has a P/E ratio of 18.18. The company has a Price to Book ratio of 2.48.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TILE in relation to earlier this year. Most recently, in December 2018, James B. Miller, a Director at TILE bought 5,000 shares for a total of $21,550.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Interface, Inc. designs, manufactures and sells modular carpet, manufactured for the commercial and institutional markets under the Interface brand, and for consumer markets as FLOR modular carpets. It also offers Intersept, a proprietary antimicrobial used in a number of interior finishes.
