Armstrong Flooring Inc (NYSE:AFI) has received a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $19.67.

Several research analysts recently issued reports on AFI shares. Macquarie set a $18.00 target price on shares of Armstrong Flooring and gave the stock a “hold” rating in a research note on Friday, September 14th. Zacks Investment Research lowered shares of Armstrong Flooring from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Gabelli raised shares of Armstrong Flooring from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Friday, November 16th. Finally, Zelman & Associates lowered shares of Armstrong Flooring from a “hold” rating to a “sell” rating in a research note on Monday, November 26th.

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in Armstrong Flooring by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,172,411 shares of the construction company’s stock valued at $39,321,000 after acquiring an additional 23,669 shares in the last quarter. BlackRock Inc. raised its stake in shares of Armstrong Flooring by 11.4% in the third quarter. BlackRock Inc. now owns 1,779,944 shares of the construction company’s stock worth $32,217,000 after purchasing an additional 182,003 shares during the last quarter. Nantahala Capital Management LLC raised its stake in shares of Armstrong Flooring by 15.7% in the second quarter. Nantahala Capital Management LLC now owns 1,653,016 shares of the construction company’s stock worth $23,208,000 after purchasing an additional 224,695 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Armstrong Flooring by 1.5% in the second quarter. Gamco Investors INC. ET AL now owns 1,427,033 shares of the construction company’s stock worth $20,036,000 after purchasing an additional 20,520 shares during the last quarter. Finally, Ancora Advisors LLC lifted its holdings in shares of Armstrong Flooring by 7.4% in the third quarter. Ancora Advisors LLC now owns 769,331 shares of the construction company’s stock valued at $13,925,000 after purchasing an additional 52,676 shares in the last quarter. 98.01% of the stock is owned by institutional investors.

Shares of NYSE AFI opened at $13.40 on Tuesday. The firm has a market cap of $346.10 million, a P/E ratio of 23.51, a P/E/G ratio of 2.65 and a beta of 2.26. Armstrong Flooring has a 12-month low of $12.03 and a 12-month high of $20.46. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 2.60.

Armstrong Flooring (NYSE:AFI) last issued its earnings results on Tuesday, November 6th. The construction company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.13. The business had revenue of $309.70 million for the quarter, compared to analyst estimates of $313.82 million. Armstrong Flooring had a negative net margin of 1.12% and a positive return on equity of 2.71%. Armstrong Flooring’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 earnings per share. Equities research analysts predict that Armstrong Flooring will post 0.38 earnings per share for the current fiscal year.

Armstrong Flooring Company Profile

Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, sources, and sells flooring products in North America and the Pacific Rim. It operates through two segments, Resilient Flooring and Wood Flooring. The Resilient Flooring segment offers a range of floor coverings primarily for homes and commercial buildings under the Armstrong brand; and luxury vinyl tile products, vinyl tile flooring, vinyl sheet products, and laminate products, as well as installs and maintains materials and accessories.

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