Armstrong World Industries Upgraded by Goldman Sachs to “Conviction-Buy” (AWI)
Armstrong World Industries (NYSE:AWI) was upgraded by stock analysts at Goldman Sachs from a “buy” rating to a “conviction-buy” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports.
AWI has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Armstrong World Industries in a research note on Wednesday, June 11th. They now have a $53.00 price target on the stock, up previously from $51.00. Separately, analysts at Macquarie upgraded shares of Armstrong World Industries from a “neutral” rating to an “outperform” rating in a research note on Friday, June 6th. They now have a $67.00 price target on the stock, up previously from $57.00. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Armstrong World Industries currently has an average rating of “Buy” and a consensus target price of $61.38.
Shares of Armstrong World Industries (NYSE:AWI) opened at 55.11 on Tuesday. Armstrong World Industries has a 1-year low of $44.93 and a 1-year high of $61.90. The stock’s 50-day moving average is $53.75 and its 200-day moving average is $55.28. The company has a market cap of $3.020 billion and a price-to-earnings ratio of 29.13.
Armstrong World Industries (NYSE:AWI) last released its earnings data on Monday, April 28th. The company reported $0.42 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.22 earnings per share. Armstrong World Industries’s revenue was up 1.9% compared to the same quarter last year. On average, analysts predict that Armstrong World Industries will post $2.61 earnings per share 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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