Armstrong Flooring Inc. (AFI) Raised to Hold at Zacks Investment Research
Armstrong Flooring Inc. (NYSE:AFI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “Armstrong Flooring, Inc. is engaged in the design and manufacture of flooring solutions primarily in North America. Armstrong Flooring, Inc. is headquatered in Lancaster, Pa. “
AFI has been the topic of a number of other reports. Gabelli started coverage on Armstrong Flooring in a research report on Tuesday, August 9th. They set a “buy” rating on the stock. Stifel Nicolaus started coverage on Armstrong Flooring in a research report on Wednesday, June 22nd. They set a “hold” rating on the stock. Finally, SunTrust Banks Inc. downgraded Armstrong Flooring from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Monday, August 15th.
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Armstrong Flooring (NYSE:AFI) traded down 0.63% during trading on Tuesday, reaching $17.45. The company had a trading volume of 697,081 shares. Armstrong Flooring has a 52 week low of $11.77 and a 52 week high of $20.85. The firm has a market capitalization of $484.97 million and a P/E ratio of 102.65. The stock has a 50 day moving average price of $18.99 and a 200 day moving average price of $17.66.
Armstrong Flooring (NYSE:AFI) last issued its quarterly earnings data on Friday, August 12th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The business earned $323.70 million during the quarter, compared to the consensus estimate of $326.60 million. Analysts predict that Armstrong Flooring will post $0.63 earnings per share for the current year.
About Armstrong Flooring
Armstrong Flooring, Inc is engaged in the designing and manufacturing of flooring solutions that inspire spaces where people live, work, learn, heal and play. The Company manufactures resilient and wood flooring products across North America. The Company safely and responsibly operates approximately 18 manufacturing facilities in three countries.
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