Armstrong World Industries Given Consensus Recommendation of “Buy” by Analysts (NYSE:AWI)
Shares of Armstrong World Industries (NYSE:AWI) have received a consensus recommendation of “Buy” from the twelve brokerages that are covering the stock, AnalystRatings.NET reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $58.94.
In other Armstrong World Industries news, VP Stephen F. Mcnamara sold 4,881 shares of Armstrong World Industries stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $53.65, for a total transaction of $261,865.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Armstrong World Industries (NYSE:AWI) opened at 56.42 on Friday. Armstrong World Industries has a 1-year low of $47.51 and a 1-year high of $61.90. The stock’s 50-day moving average is $54.43 and its 200-day moving average is $54.83. The company has a market cap of $3.094 billion and a P/E ratio of 33.00.
Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.60 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.66 by $0.06. The company had revenue of $710.00 million for the quarter, compared to the consensus estimate of $727.12 million. During the same quarter last year, the company posted $0.62 earnings per share. Armstrong World Industries’s revenue was up .5% compared to the same quarter last year. Analysts expect that Armstrong World Industries will post $2.28 EPS for the current fiscal year.
AWI has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Armstrong World Industries from a “neutral” rating to an “underperform” rating in a research note on Friday. They now have a $51.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Armstrong World Industries from an “underweight” rating to a “neutral” rating in a research note on Monday, August 4th. They now have a $56.50 price target on the stock, up previously from $49.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Armstrong World Industries in a research note on Friday, August 1st. They now have a $59.00 price target on the stock, down previously from $64.00.
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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