Armstrong World Industries Receives Average Rating of “Buy” from Analysts (NYSE:AWI)
Armstrong World Industries (NYSE:AWI) has received an average rating of “Buy” from the ten analysts that are currently covering the company, American Banking & Market News reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $68.86.
A number of analysts have recently weighed in on AWI shares. Analysts at Barclays cut their price target on shares of Armstrong World Industries from $70.00 to $64.00 in a research note on Tuesday. Separately, analysts at Gabelli upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. They now have a $100.00 price target on the stock, up previously from $67.00.
Armstrong World Industries (NYSE:AWI) traded down 0.19% on Tuesday, hitting $53.76. 1,492,096 shares of the company’s stock traded hands. Armstrong World Industries has a one year low of $44.93 and a one year high of $61.90. The stock’s 50-day moving average is $58.60 and its 200-day moving average is $54.21. The company has a market cap of $2.911 billion and a P/E ratio of 35.18.
Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.09. The company had revenue of $661.30 million for the quarter, compared to the consensus estimate of $654.23 million. Analysts expect that Armstrong World Industries will post $3.13 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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