Armstrong Flooring’s (NYSE:AFI) Neutral Rating Reiterated at Nomura

Nomura reissued their neutral rating on shares of Armstrong Flooring, Inc. (NYSE:AFI) in a research note published on Tuesday morning.

Several other research firms have also recently weighed in on AFI. Zacks Investment Research raised shares of Armstrong Flooring from a sell rating to a hold rating in a research note on Tuesday, May 9th. Instinet increased their price target on shares of Armstrong Flooring from $48.00 to $49.00 and gave the company a buy rating in a research note on Monday, April 17th. Stifel Nicolaus reissued a hold rating and issued a $20.00 price target on shares of Armstrong Flooring in a research note on Monday, August 7th. Finally, Gabelli cut shares of Armstrong Flooring from a buy rating to a hold rating and set a $18.00 price target for the company. in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Armstrong Flooring has a consensus rating of Hold and an average target price of $25.00.

Armstrong Flooring (NYSE:AFI) opened at 14.42 on Tuesday. Armstrong Flooring has a 12 month low of $13.76 and a 12 month high of $22.96. The stock has a market cap of $390.57 million, a price-to-earnings ratio of 655.45 and a beta of 4.45. The stock’s 50 day moving average price is $17.29 and its 200-day moving average price is $18.94.

Armstrong Flooring (NYSE:AFI) last posted its quarterly earnings results on Monday, August 7th. The construction company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.12. Armstrong Flooring had a negative net margin of 0.03% and a positive return on equity of 1.99%. The firm had revenue of $297.30 million during the quarter, compared to analysts’ expectations of $324.63 million. Armstrong Flooring’s revenue for the quarter was down 8.2% on a year-over-year basis. Equities analysts expect that Armstrong Flooring will post $0.48 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Armstrong Flooring’s (NYSE:AFI) Neutral Rating Reiterated at Nomura” was originally posted by Stock Observer and is owned by of Stock Observer. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.thestockobserver.com/2017/08/12/armstrong-floorings-nyseafi-neutral-rating-reiterated-at-nomura.html.

Several hedge funds have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. boosted its stake in Armstrong Flooring by 138.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 8,800 shares of the construction company’s stock valued at $158,000 after buying an additional 5,102 shares during the period. IndexIQ Advisors LLC purchased a new stake in Armstrong Flooring during the second quarter valued at $462,000. River Road Asset Management LLC purchased a new stake in Armstrong Flooring during the second quarter valued at $26,898,000. Marshall Wace North America L.P. boosted its stake in Armstrong Flooring by 340.0% in the second quarter. Marshall Wace North America L.P. now owns 134,395 shares of the construction company’s stock valued at $2,419,000 after buying an additional 103,853 shares during the period. Finally, KBC Group NV boosted its stake in Armstrong Flooring by 1.2% in the second quarter. KBC Group NV now owns 18,663 shares of the construction company’s stock valued at $335,000 after buying an additional 225 shares during the period. 99.44% of the stock is owned by institutional investors and hedge funds.

Armstrong Flooring Company Profile

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)

Receive News & Ratings for Armstrong Flooring Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong Flooring Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply