Armstrong World Industries Given New $60.00 Price Target at RBC Capital (AWI)
Research analysts at RBC Capital upped their target price on shares of Armstrong World Industries (NYSE:AWI) from $56.00 to $60.00 in a report released on Tuesday, Analyst Ratings News reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective would suggest a potential upside of 14.74% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Armstrong World Industries from $57.00 to $65.00 in a research note to investors on Tuesday, October 29th. They now have an “overweight” rating on the stock. 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 issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $59.88.
Shares of Armstrong World Industries (NYSE:AWI) traded down 2.13% on Tuesday, hitting $52.29. The stock had a trading volume of 853,362 shares. Armstrong World Industries has a one year low of $44.93 and a one year high of $58.48. The stock’s 50-day moving average is $54.38 and its 200-day moving average is $51.34. The company has a market cap of $3.095 billion and a P/E ratio of 30.99.
Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the 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 $2.18 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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