Armstrong World Industries Inc. Sets New 1-Year High at $59.34 (AWI)
Armstrong World Industries (NYSE:AWI)’s share price reached a new 52-week high on Friday, Stock Ratings Network.com reports. The company traded as high as $59.34 and last traded at $58.15, with a volume of 895,460 shares traded. The stock had previously closed at $57.43.
AWI has been the subject of a number of recent research reports. Analysts at Jefferson Research downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note to investors on Friday. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $62.14.
Armstrong World Industries has a 52 week low of $44.93 and a 52 week high of $58.48. The stock has a 50-day moving average of $53.85 and a 200-day moving average of $51.85. The company has a market cap of $3.152 billion and a P/E ratio of 37.51.
Armstrong World Industries (NYSE:AWI) last announced its earnings results 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 prior year, the company posted $0.97 earnings per share. The company’s quarterly revenue 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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