Shares of Armstrong Flooring, Inc. (NYSE:AFI) have received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $25.50.

Several equities research analysts recently issued reports on AFI shares. TheStreet lowered shares of Armstrong Flooring from a “c-” rating to a “d+” rating in a research note on Monday, August 21st. Gabelli lowered shares of Armstrong Flooring from a “buy” rating to a “hold” rating and set a $18.00 price objective for the company. in a research note on Tuesday, August 8th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Armstrong Flooring in a research note on Monday, August 7th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Armstrong Flooring in a research note on Friday. Finally, Nomura reaffirmed a “neutral” rating on shares of Armstrong Flooring in a research note on Tuesday, August 8th.

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Institutional investors have recently added to or reduced their stakes in the business. River Road Asset Management LLC acquired a new position in Armstrong Flooring during the 2nd quarter worth $26,898,000. Kirr Marbach & Co. LLC IN lifted its position in Armstrong Flooring by 47.6% during 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 during the last quarter. Marshall Wace North America L.P. lifted its position in Armstrong Flooring by 340.0% during the 2nd quarter. Marshall Wace North America L.P. now owns 134,395 shares of the construction company’s stock worth $2,419,000 after acquiring an additional 103,853 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Armstrong Flooring by 40.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 130,850 shares of the construction company’s stock worth $2,352,000 after acquiring an additional 37,543 shares during the last quarter. Finally, Nationwide Fund Advisors lifted its position in Armstrong Flooring by 23.9% during the 2nd quarter. Nationwide Fund Advisors now owns 175,323 shares of the construction company’s stock worth $3,151,000 after acquiring an additional 33,828 shares during the last quarter.

Armstrong Flooring (AFI) traded up $0.58 during midday trading on Thursday, hitting $15.54. 190,032 shares of the stock traded hands, compared to its average volume of 138,987. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.96 and a current ratio of 2.62. Armstrong Flooring has a 12-month low of $13.32 and a 12-month high of $22.96. The company has a market cap of $411.97 and a price-to-earnings ratio of 32.91.

Armstrong Flooring (NYSE:AFI) last posted its quarterly earnings results on Monday, November 6th. The construction company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.07). Armstrong Flooring had a negative net margin of 0.03% and a positive return on equity of 1.99%. The company had revenue of $308.50 million for the quarter, compared to analysts’ expectations of $294.68 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. equities analysts forecast that Armstrong Flooring will post 0.23 EPS for the current fiscal year.

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)

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