Armstrong Flooring, Inc. (AFI) Receives “Hold” Rating from Stifel Nicolaus
Stifel Nicolaus restated their hold rating on shares of Armstrong Flooring, Inc. (NYSE:AFI) in a research note published on Monday. Stifel Nicolaus currently has a $20.00 price objective on the construction company’s stock.
Other analysts have also recently issued research reports about the stock. Instinet upped their price target on shares of Armstrong Flooring from $48.00 to $49.00 and gave the company a buy rating in a research report on Monday, April 17th. Zacks Investment Research raised shares of Armstrong Flooring from a sell rating to a hold rating in a research report on Tuesday, May 9th. Finally, Nomura started coverage on shares of Armstrong Flooring in a research report on Wednesday, April 12th. They set a neutral rating and a $19.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $25.00.
Shares of Armstrong Flooring (NYSE:AFI) traded down 0.28% during mid-day trading on Monday, reaching $14.21. The company had a trading volume of 203,002 shares. The firm has a market capitalization of $393.09 million, a price-to-earnings ratio of 179.87 and a beta of 4.45. Armstrong Flooring has a one year low of $13.76 and a one year high of $22.96. The stock has a 50 day moving average of $17.93 and a 200-day moving average of $19.19.
Armstrong Flooring (NYSE:AFI) last issued its quarterly earnings results on Monday, August 7th. The construction company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.12. The firm had revenue of $297.30 million for the quarter, compared to the consensus estimate of $324.63 million. Armstrong Flooring had a negative net margin of 0.01% and a positive return on equity of 2.72%. The firm’s quarterly revenue was down 8.2% compared to the same quarter last year. Equities analysts predict that Armstrong Flooring will post $0.60 EPS for the current year.
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Several institutional investors have recently made changes to their positions in the stock. Kirr Marbach & Co. LLC IN raised its position in shares of Armstrong Flooring by 47.6% in the second quarter. Kirr Marbach & Co. LLC IN now owns 24,490 shares of the construction company’s stock valued at $440,000 after buying an additional 7,900 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Armstrong Flooring by 46.9% in the second quarter. Russell Investments Group Ltd. now owns 771,147 shares of the construction company’s stock valued at $13,856,000 after buying an additional 246,357 shares in the last quarter. Strs Ohio raised its position in shares of Armstrong Flooring by 1.9% in the second quarter. Strs Ohio now owns 37,700 shares of the construction company’s stock valued at $677,000 after buying an additional 700 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of Armstrong Flooring during the second quarter valued at $742,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Armstrong Flooring by 40.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 130,850 shares of the construction company’s stock valued at $2,352,000 after buying an additional 37,543 shares in the last quarter. Hedge funds and other institutional investors own 99.44% of the company’s stock.
About Armstrong Flooring
Armstrong Flooring, Inc produces flooring products for use primarily in the construction and renovation of residential, commercial and institutional buildings. The Company designs, manufactures, sources and sells resilient and wood flooring products in North America and the Pacific Rim. It operates through two segments: Resilient Flooring and Wood Flooring.
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