Armstrong World Industries Downgraded by Jefferson Research to Hold (AWI)
Armstrong World Industries (NYSE:AWI) was downgraded by stock analysts at Jefferson Research from a “buy” rating to a “hold” rating in a report issued on Friday, American Banking and Market News reports.
A number of other analysts have also recently weighed in on AWI. Analysts at Bank of America Corp. upgraded shares of Armstrong World Industries from a “neutral” rating to a “buy” rating in a research note to investors on Friday. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Armstrong World Industries in a research note to investors on Monday, December 9th. They set a “buy” rating and a $68.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Armstrong World Industries from $56.00 to $60.00 in a research note to investors on Tuesday, October 29th. They now have a “sector perform” rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $62.14.
Shares of Armstrong World Industries (NYSE:AWI) opened at 57.43 on Friday. Armstrong World Industries has a 52-week low of $44.93 and a 52-week high of $58.48. The stock’s 50-day moving average is $53.85 and its 200-day moving average is $51.85. The company has a market cap of $3.110 billion and a price-to-earnings ratio of 37.51.
Armstrong World Industries (NYSE:AWI) last released its earnings data on Monday, October 28th. The company reported $0.94 EPS for the quarter, beating the Thomson Reuters 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 in the previous year, the company posted $0.97 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis.
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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