Armstrong Flooring Inc. (AFI) Upgraded by Zacks Investment Research to “Hold”
Armstrong Flooring Inc. (NYSE:AFI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released 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. “
Several other brokerages also recently issued reports on AFI. Gabelli assumed coverage on Armstrong Flooring in a research report on Tuesday, August 9th. They issued a “buy” rating on the stock. 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. Finally, Stifel Nicolaus assumed coverage on Armstrong Flooring in a research report on Wednesday, June 22nd. They issued a “hold” rating on the stock.
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Armstrong Flooring (NYSE:AFI) traded down 0.63% during trading on Tuesday, hitting $17.45. The stock had a trading volume of 697,081 shares. The stock has a 50-day moving average price of $18.99 and a 200-day moving average price of $17.66. Armstrong Flooring has a 52 week low of $11.77 and a 52 week high of $20.85. The company has a market cap of $484.97 million and a PE ratio of 102.65.
Armstrong Flooring (NYSE:AFI) last posted its earnings results on Friday, August 12th. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.05. The business had revenue of $323.70 million for the quarter, compared to analyst estimates of $326.60 million. Equities analysts predict that Armstrong Flooring will post $0.63 EPS for the current year.
Armstrong Flooring Company Profile
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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