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Armstrong World Industries (NYSE:AWI) was upgraded by investment analysts at Macquarie from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday.

Shares of Armstrong World Industries (NYSE:AWI) opened at 54.03 on Friday. 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 $53.43 and a 200-day moving average of $55.08. The company has a market cap of $2.961 billion and a price-to-earnings ratio of 28.81.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Monday, April 28th. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.43 by $0.01. The company had revenue of $634.40 million for the quarter, compared to the consensus estimate of $641.32 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts predict that Armstrong World Industries will post $2.61 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on AWI. Analysts at CL King upgraded shares of Armstrong World Industries from a “neutral” rating to a “buy” rating in a research note on Thursday, May 22nd. Separately, analysts at Gabelli downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Armstrong World Industries in a research note on Wednesday, April 30th. They now have a $56.00 price target on the stock. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $62.71.

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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