Armstrong World Industries Price Target Raised to $65.00 at Barclays (AWI)
Stock analysts at Barclays increased their price objective on shares of Armstrong World Industries (NYSE:AWI) from $57.00 to $65.00 in a report issued on Tuesday, American Banking News reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target suggests a potential upside of 16.07% from the company’s current price.
Separately, analysts at TheStreet upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $59.25.
Armstrong World Industries (NYSE:AWI) traded up 0.64% on Tuesday, hitting $56.36. The stock had a trading volume of 219,256 shares. Armstrong World Industries has a one year low of $44.80 and a one year high of $58.48. The stock’s 50-day moving average is $49.99 and its 200-day moving average is $51.09. The company has a market cap of $3.335 billion and a P/E ratio of 32.48.
Armstrong World Industries (NYSE:AWI) last announced its earnings results on Monday, October 28th. The company reported $0.94 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.86 by $0.08. The company had revenue of $729.70 million for the quarter, compared to the consensus estimate of $744.17 million. During the same quarter last year, the company posted $0.97 earnings per share. Armstrong World Industries’s revenue was up 5.0% compared to the same quarter last year. Analysts expect that Armstrong World Industries will post $2.19 EPS for the current fiscal year.
Armstrong World Industries, Inc (NYSE:AWI) is a global producer of flooring products and ceiling systems for use in the construction and renovation of residential, commercial and institutional buildings.
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