Gabelli upgraded shares of Armstrong Flooring (NYSE:AFI) from a hold rating to a buy rating in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage currently has $24.00 price target on the construction company’s stock. Gabelli also issued estimates for Armstrong Flooring’s FY2018 earnings at $0.40 EPS and FY2019 earnings at $0.55 EPS.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus reaffirmed a hold rating and issued a $17.00 target price on shares of Armstrong Flooring in a report on Thursday, August 9th. ValuEngine raised shares of Armstrong Flooring from a sell rating to a hold rating in a report on Wednesday, August 8th. Zacks Investment Research downgraded shares of Armstrong Flooring from a buy rating to a hold rating in a report on Tuesday, November 6th. Finally, Macquarie set a $18.00 target price on shares of Armstrong Flooring and gave the stock a hold rating in a report on Friday, September 14th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Armstrong Flooring currently has a consensus rating of Buy and a consensus price target of $19.25.

Shares of Armstrong Flooring stock opened at $16.23 on Friday. The firm has a market capitalization of $419.18 million, a P/E ratio of 28.47, a PEG ratio of 1.42 and a beta of 2.27. The company has a quick ratio of 1.05, a current ratio of 2.60 and a debt-to-equity ratio of 0.17. Armstrong Flooring has a fifty-two week low of $12.03 and a fifty-two week high of $20.46.

Armstrong Flooring (NYSE:AFI) last issued its earnings results on Tuesday, November 6th. The construction company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.13. The company had revenue of $309.70 million during the quarter, compared to the consensus estimate of $313.82 million. Armstrong Flooring had a negative net margin of 1.12% and a positive return on equity of 2.71%. Armstrong Flooring’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. On average, sell-side analysts forecast that Armstrong Flooring will post 0.43 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strs Ohio boosted its holdings in shares of Armstrong Flooring by 8.8% during the 2nd quarter. Strs Ohio now owns 52,900 shares of the construction company’s stock valued at $742,000 after purchasing an additional 4,300 shares during the last quarter. Nantahala Capital Management LLC boosted its holdings in shares of Armstrong Flooring by 15.7% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,653,016 shares of the construction company’s stock valued at $23,208,000 after purchasing an additional 224,695 shares during the last quarter. Hartford Investment Management Co. bought a new position in shares of Armstrong Flooring during the 2nd quarter valued at about $153,000. Dimensional Fund Advisors LP boosted its holdings in shares of Armstrong Flooring by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,148,742 shares of the construction company’s stock valued at $30,168,000 after purchasing an additional 55,666 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Armstrong Flooring by 1.5% during the 2nd quarter. Gamco Investors INC. ET AL now owns 1,427,033 shares of the construction company’s stock valued at $20,036,000 after purchasing an additional 20,520 shares during the last quarter. 94.13% of the stock is owned by institutional investors and hedge funds.

Armstrong Flooring Company Profile

Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, sources, and sells flooring products in North America and the Pacific Rim. It operates through two segments, Resilient Flooring and Wood Flooring. The Resilient Flooring segment offers a range of floor coverings primarily for homes and commercial buildings under the Armstrong brand; and luxury vinyl tile products, vinyl tile flooring, vinyl sheet products, and laminate products, as well as installs and maintains materials and accessories.

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