SunTrust Banks, Inc. reiterated their hold rating on shares of Armstrong Flooring, Inc. (NYSE:AFI) in a report issued on Monday morning. The brokerage currently has a $15.00 target price on the construction company’s stock. SunTrust Banks also issued estimates for Armstrong Flooring’s Q3 2017 earnings at $0.21 EPS and FY2017 earnings at $0.22 EPS.

Other research analysts have also recently issued reports about the stock. TheStreet cut shares of Armstrong Flooring from a c- rating to a d+ rating in a report on Monday, August 21st. Gabelli lowered shares of Armstrong Flooring from a buy rating to a hold rating and set a $18.00 target price on the stock. in a report on Tuesday, August 8th. Stifel Nicolaus restated a hold rating and issued a $20.00 target price on shares of Armstrong Flooring in a report on Monday, August 7th. Nomura reaffirmed a neutral rating on shares of Armstrong Flooring in a research report on Tuesday, August 8th. Finally, Zacks Investment Research cut shares of Armstrong Flooring from a hold rating to a sell rating in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $24.20.

Armstrong Flooring (NYSE AFI) opened at 15.88 on Monday. Armstrong Flooring has a 1-year low of $14.44 and a 1-year high of $22.96. The firm has a 50-day moving average price of $15.43 and a 200-day moving average price of $15.43. The company has a market capitalization of $430.11 million, a P/E ratio of 721.82 and a beta of 4.78.

Armstrong Flooring (NYSE:AFI) last released its quarterly earnings data on Monday, August 7th. The construction company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.12). Armstrong Flooring had a positive return on equity of 1.99% and a negative net margin of 0.03%. The business had revenue of $297.30 million for the quarter, compared to analyst estimates of $324.63 million. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year. On average, analysts forecast that Armstrong Flooring will post $0.24 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently bought and sold shares of the business. River Road Asset Management LLC purchased a new position in Armstrong Flooring during the 2nd quarter worth $26,898,000. Kirr Marbach & Co. LLC IN grew its stake in shares of Armstrong Flooring by 47.6% in the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 24,490 shares of the construction company’s stock worth $440,000 after acquiring an additional 7,900 shares in the last quarter. Marshall Wace North America L.P. raised its holdings in shares of 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 purchasing an additional 103,853 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Armstrong Flooring by 28.0% in the second quarter. Gamco Investors INC. ET AL now owns 1,361,590 shares of the construction company’s stock valued at $24,468,000 after purchasing an additional 298,068 shares during the last quarter. Finally, Rice Hall James & Associates LLC purchased a new stake in shares of Armstrong Flooring in the second quarter valued at about $1,651,000.

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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