Armstrong World Industries Given Average Rating of “Buy” by Analysts (NYSE:AWI)
Armstrong World Industries (NYSE:AWI) has received a consensus recommendation of “Buy” from the thirteen brokerages that are currently covering the stock, Analyst Ratings.Net reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $61.38.
Shares of Armstrong World Industries (NYSE:AWI) opened at 54.71 on Friday. Armstrong World Industries has a 52-week low of $47.49 and a 52-week high of $61.90. The stock’s 50-day moving average is $55.83 and its 200-day moving average is $55.65. The company has a market cap of $2.999 billion and a price-to-earnings ratio of 29.21.
Armstrong World Industries (NYSE:AWI) last issued its quarterly 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 $2.60 earnings per share for the current fiscal year.
AWI has been the subject of a number of recent research reports. Analysts at Barclays cut their price target on shares of Armstrong World Industries from $66.00 to $64.00 in a research note on Friday. They now have an “overweight” rating on the stock. Finally, analysts at Goldman Sachs upgraded shares of Armstrong World Industries from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, June 17th.
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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