Armstrong World Industries Upgraded by Bank of America Corp. to “Buy” (AWI)
Armstrong World Industries (NYSE:AWI) was upgraded by equities researchers at Bank of America Corp. to a “buy” rating in a research report issued on Friday, Stock Ratings Network.com reports.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Armstrong World Industries presently has a consensus rating of “Buy” and an average target price of $62.14.
Armstrong World Industries (NYSE:AWI) opened at 57.43 on Friday. Armstrong World Industries has a one year low of $44.93 and a one year 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 $3.110 billion and a price-to-earnings ratio of 37.63.
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 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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