Interface, Inc. (TILE) Reaches $25.70 52-Week High; COGECO COMMUNICATIONS (CGEAF) Shorts Increased By 420%

January 14, 2018 - By Ellis Scott

The stock of Interface, Inc. (NASDAQ:TILE) hit a new 52-week high and has $26.47 target or 3.00% above today’s $25.70 share price. The 8 months bullish chart indicates low risk for the $1.55B company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $26.47 price target is reached, the company will be worth $46.44 million more. The stock increased 1.18% or $0.3 during the last trading session, reaching $25.7. About 504,991 shares traded or 5.56% up from the average. Interface, Inc. (NASDAQ:TILE) has risen 19.95% since January 14, 2017 and is uptrending. It has outperformed by 3.25% the S&P500.

COGECO COMMUNICATIONS INCORPORATED (OTCMKTS:CGEAF) had an increase of 420% in short interest. CGEAF’s SI was 13,000 shares in January as released by FINRA. Its up 420% from 2,500 shares previously. With 400 avg volume, 33 days are for COGECO COMMUNICATIONS INCORPORATED (OTCMKTS:CGEAF)’s short sellers to cover CGEAF’s short positions. The stock decreased 6.86% or $4.7546 during the last trading session, reaching $64.5451. About 139 shares traded. Cogeco Communications Inc. (OTCMKTS:CGEAF) has 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Among 2 analysts covering Cogeco Cable (OTCMKTS:CGEAF), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Cogeco Cable had 2 analyst reports since January 19, 2016 according to SRatingsIntel. The firm has “Buy” rating by TD Securities given on Tuesday, January 19. The firm has “Underweight” rating by Barclays Capital given on Monday, April 10.

Cogeco Communications Inc. operates as a communications corporation in North America. The company has market cap of $3.13 billion. The firm operates in three divisions: Canadian Broadband Services, American Broadband Services and Business Information and Communications Technology Services. It has a 13.37 P/E ratio. It offers video services and programming, such as basic services, pay and discretionary services, On-demand services, high definition television, and advanced video services; Internet services; and telephony services to residential customers.

Interface, Inc. designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company has market cap of $1.55 billion. It offers modular carpets under the Interface and FLOR brands; carpet tiles under the GlasBacRE brand 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. It has a 30.45 P/E ratio. The firm also provides an adapted version of its carpet tile for the healthcare facilities market; and two-meter roll goods that are structure-backed for use in education, healthcare, and government markets, as well as carpet replacement, installation, and maintenance services.

Investors sentiment decreased to 0.82 in 2017 Q3. Its down 0.35, from 1.17 in 2017Q2. It dropped, as 18 investors sold Interface, Inc. shares while 60 reduced holdings. 22 funds opened positions while 42 raised stakes. 52.72 million shares or 2.87% less from 54.28 million shares in 2017Q2 were reported. New York State Teachers Retirement Sys reported 162,186 shares. Blackrock reported 0.01% in Interface, Inc. (NASDAQ:TILE). Invesco stated it has 116,639 shares. Principal Fincl Grp Inc Inc Inc holds 489,015 shares. California Employees Retirement Systems accumulated 154,000 shares. Goldman Sachs Grp Inc Inc reported 0% stake. Amer Century Companies stated it has 0.01% of its portfolio in Interface, Inc. (NASDAQ:TILE). First Quadrant Lp Ca accumulated 16,616 shares. First Mercantile Trust Co has invested 0.02% in Interface, Inc. (NASDAQ:TILE). Employees Retirement Association Of Colorado reported 14,124 shares stake. Price T Rowe Associates Incorporated Md owns 15,483 shares. Illinois-based Citadel Advisors Limited Co has invested 0% in Interface, Inc. (NASDAQ:TILE). Kbc Gru Nv owns 39,880 shares or 0.01% of their US portfolio. Pinebridge Ltd Partnership has invested 0.04% in Interface, Inc. (NASDAQ:TILE). Alliancebernstein Ltd Partnership stated it has 95,409 shares.

Analysts await Interface, Inc. (NASDAQ:TILE) to report earnings on February, 28. They expect $0.30 earnings per share, up 7.14% or $0.02 from last year’s $0.28 per share. TILE’s profit will be $18.07 million for 21.42 P/E if the $0.30 EPS becomes a reality. After $0.32 actual earnings per share reported by Interface, Inc. for the previous quarter, Wall Street now forecasts -6.25% negative EPS growth.

Among 7 analysts covering Interface (NASDAQ:TILE), 3 have Buy rating, 2 Sell and 2 Hold. Therefore 43% are positive. Interface had 12 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Interface, Inc. (NASDAQ:TILE) earned “Buy” rating by Stifel Nicolaus on Friday, October 30. The stock of Interface, Inc. (NASDAQ:TILE) has “Buy” rating given on Friday, October 27 by Nomura. As per Thursday, October 26, the company rating was maintained by SunTrust. The stock of Interface, Inc. (NASDAQ:TILE) earned “Neutral” rating by Macquarie Research on Friday, December 16. Stifel Nicolaus downgraded the stock to “Hold” rating in Wednesday, April 27 report. The rating was maintained by Barclays Capital with “Overweight” on Friday, July 31. The stock has “Buy” rating by Seaport Global Securities on Friday, November 4. The rating was maintained by Stifel Nicolaus on Thursday, July 27 with “Hold”. The rating was downgraded by Barclays Capital to “Equal-Weight” on Thursday, February 25. The firm earned “Underweight” rating on Thursday, April 7 by Barclays Capital.

Since August 15, 2017, it had 0 buys, and 9 selling transactions for $2.12 million activity. 6,000 shares valued at $114,660 were sold by HENDRIX DANIEL T on Tuesday, August 15. On Friday, September 29 KENNEDY CHRISTOPHER G sold $646,640 worth of Interface, Inc. (NASDAQ:TILE) or 29,500 shares. $162,705 worth of Interface, Inc. (NASDAQ:TILE) was sold by Nigel Stansfield.

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