Armstrong Flooring, Inc. (AFI) Receives Average Recommendation of “Hold” from Brokerages

Shares of Armstrong Flooring, Inc. (NYSE:AFI) have earned an average rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $29.00.

AFI has been the topic of a number of recent analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $20.00 price target on shares of Armstrong Flooring in a report on Monday, August 7th. TheStreet lowered shares of Armstrong Flooring from a “c-” rating to a “d+” rating in a report on Monday, August 21st. Nomura reissued a “neutral” rating on shares of Armstrong Flooring in a report on Tuesday, August 8th. Gabelli lowered shares of Armstrong Flooring from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a report on Tuesday, August 8th. Finally, Zacks Investment Research lowered shares of Armstrong Flooring from a “hold” rating to a “sell” rating in a report on Thursday, August 10th.

Armstrong Flooring (NYSE AFI) opened at 15.72 on Wednesday. Armstrong Flooring has a 12-month low of $15.44 and a 12-month high of $22.96. The company has a 50-day moving average of $15.73 and a 200 day moving average of $21.12. The firm has a market cap of $425.78 million, a price-to-earnings ratio of 714.55 and a beta of 4.75.

Armstrong Flooring (NYSE:AFI) last announced its quarterly earnings results on Monday, August 7th. The construction company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.12). The firm had revenue of $297.30 million during the quarter, compared to the consensus estimate of $324.63 million. Armstrong Flooring had a positive return on equity of 1.99% and a negative net margin of 0.03%. Armstrong Flooring’s revenue was down 8.2% on a year-over-year basis. Equities analysts expect that Armstrong Flooring will post $0.24 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. lifted its position in shares of Armstrong Flooring by 138.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,800 shares of the construction company’s stock worth $158,000 after purchasing an additional 5,102 shares during the period. Voya Investment Management LLC lifted its position in shares of Armstrong Flooring by 13.7% in the 2nd quarter. Voya Investment Management LLC now owns 12,876 shares of the construction company’s stock worth $231,000 after purchasing an additional 1,551 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Armstrong Flooring in the 2nd quarter worth about $330,000. KBC Group NV lifted its position in shares of Armstrong Flooring by 1.2% in the 2nd quarter. KBC Group NV now owns 18,663 shares of the construction company’s stock worth $335,000 after purchasing an additional 225 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Armstrong Flooring by 5.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,565 shares of the construction company’s stock worth $351,000 after purchasing an additional 1,056 shares during the period.

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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.

Analyst Recommendations for Armstrong Flooring (NYSE:AFI)

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