Armstrong Flooring Inc (NYSE:AFI) Given Average Rating of “Hold” by Analysts

Shares of Armstrong Flooring Inc (NYSE:AFI) have earned an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $11.90.

A number of equities research analysts have issued reports on the stock. Nomura decreased their target price on shares of Armstrong Flooring from $12.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. TheStreet lowered shares of Armstrong Flooring from a “c-” rating to a “d+” rating in a research note on Thursday, May 30th. Stifel Nicolaus set a $9.00 target price on shares of Armstrong Flooring and gave the company a “hold” rating in a research note on Wednesday, August 7th. Zacks Investment Research raised shares of Armstrong Flooring from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research note on Monday, August 12th. Finally, Gabelli downgraded shares of Armstrong Flooring from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a report on Wednesday, May 8th.

Shares of NYSE:AFI traded down $0.36 during trading on Friday, reaching $6.63. 184,450 shares of the company traded hands, compared to its average volume of 269,729. The firm has a fifty day simple moving average of $8.39 and a 200 day simple moving average of $11.77. Armstrong Flooring has a 1-year low of $6.59 and a 1-year high of $20.46. The company has a current ratio of 2.30, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21.



Armstrong Flooring (NYSE:AFI) last issued its earnings results on Tuesday, August 6th. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.32. The company had revenue of $177.70 million during the quarter, compared to analyst estimates of $194.45 million. Armstrong Flooring had a negative net margin of 21.09% and a negative return on equity of 0.17%. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. On average, equities analysts expect that Armstrong Flooring will post -0.11 EPS for the current fiscal year.

In other news, Director Holdings L.P. Valueact sold 3,399,925 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $11.10, for a total transaction of $37,739,167.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.60% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in AFI. Gamco Investors INC. ET AL raised its holdings in shares of Armstrong Flooring by 27.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,471,031 shares of the construction company’s stock valued at $20,006,000 after purchasing an additional 316,130 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of Armstrong Flooring during the 2nd quarter valued at $2,904,000. Heartland Advisors Inc. bought a new position in shares of Armstrong Flooring during the 2nd quarter valued at $2,481,000. Gabelli Funds LLC raised its holdings in shares of Armstrong Flooring by 44.5% during the 1st quarter. Gabelli Funds LLC now owns 516,685 shares of the construction company’s stock valued at $7,027,000 after purchasing an additional 159,185 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Armstrong Flooring by 51.3% during the 1st quarter. Raymond James & Associates now owns 318,773 shares of the construction company’s stock valued at $4,335,000 after purchasing an additional 108,054 shares in the last quarter.

Armstrong Flooring Company Profile

Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, sources, and sells resilient flooring products for use primarily in the construction and renovation of commercial, residential, and institutional buildings in North America and the Pacific Rim. The company sells its products to independent wholesale flooring distributors, retailers, builders, contractors, installers, property management firms, homeowners, and others.

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Analyst Recommendations for Armstrong Flooring (NYSE:AFI)

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