Robert W. Baird Cuts Interline Brands to Neutral (IBI)
Interline Brands (NYSE: IBI) was downgraded by Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued on Monday. They currently have a $25.00 price target on the stock.
Interline Brands traded down 0.08% on Monday, hitting $25.08. Interline Brands has a 1-year low of $12.20 and a 1-year high of $25.23. The company has a market cap of $798.5 million and a price-to-earnings ratio of 21.77.
Interline Brands last released its earnings data on Tuesday, May 8th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.02. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts expect that Interline Brands will post $0.41 EPS next quarter.
Interline Brands, Inc. is a distributor and direct marketer of maintenance, repair and operations (MRO) products.