Armstrong World Industries Given Consensus Recommendation of “Buy” by Brokerages (NYSE:AWI)
Armstrong World Industries (NYSE:AWI) has received an average rating of “Buy” from the ten brokerages that are covering the stock, ARN reports. Two analysts have rated the stock with a hold rating and eight have assigned 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 $68.13.
A number of research firms have recently commented on AWI. Analysts at KeyCorp upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $63.00 price target on the stock. Separately, 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, February 25th. They now have an “overweight” rating on the stock. Finally, 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 up 1.10% during mid-day trading on Monday, hitting $54.25. The stock had a trading volume of 215,152 shares. Armstrong World Industries has a 52-week low of $44.93 and a 52-week high of $61.90. The stock has a 50-day moving average of $54.27 and a 200-day moving average of $55.05. The company has a market cap of $2.966 billion and a P/E ratio of 33.54.
Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data 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 $2.67 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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