Armstrong Flooring, Inc. (NYSE:AFI)‘s stock had its “hold” rating reiterated by research analysts at Stifel Nicolaus in a research note issued on Monday. They currently have a $20.00 target price on the construction company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 15.74% from the company’s current price.

AFI has been the subject of several other reports. Instinet reiterated a “neutral” rating and issued a $19.00 price objective on shares of Armstrong Flooring in a report on Friday, April 14th. Nomura began coverage on shares of Armstrong Flooring in a report on Wednesday, April 12th. They issued a “neutral” rating and a $19.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Armstrong Flooring from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Armstrong Flooring currently has an average rating of “Hold” and a consensus target price of $26.75.

Armstrong Flooring (NYSE:AFI) traded down 18.00% during midday trading on Monday, hitting $14.17. 297,822 shares of the stock were exchanged. The stock has a market cap of $391.98 million, a price-to-earnings ratio of 179.37 and a beta of 4.45. The firm’s 50-day moving average is $17.93 and its 200 day moving average is $19.19. Armstrong Flooring has a 52 week low of $13.91 and a 52 week high of $22.96.

Armstrong Flooring (NYSE:AFI) last posted its quarterly earnings data on Monday, August 7th. The construction company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.17. The company had revenue of $297.30 million during the quarter, compared to the consensus estimate of $324.63 million. Armstrong Flooring had a negative net margin of 0.01% and a positive return on equity of 2.72%. The company’s revenue was down 8.2% compared to the same quarter last year. Equities research analysts expect that Armstrong Flooring will post $0.66 EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. Kirr Marbach & Co. LLC IN boosted its stake in shares of Armstrong Flooring by 47.6% in the second quarter. Kirr Marbach & Co. LLC IN now owns 24,490 shares of the construction company’s stock worth $440,000 after buying an additional 7,900 shares during the last quarter. Marshall Wace North America L.P. boosted its stake in shares of Armstrong Flooring by 340.0% in the second quarter. Marshall Wace North America L.P. now owns 134,395 shares of the construction company’s stock worth $2,419,000 after buying an additional 103,853 shares during the last quarter. KBC Group NV boosted its stake in shares of Armstrong Flooring by 1.2% in the second quarter. KBC Group NV now owns 18,663 shares of the construction company’s stock worth $335,000 after buying an additional 225 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Armstrong Flooring by 28.0% in the second quarter. Gamco Investors INC. ET AL now owns 1,361,590 shares of the construction company’s stock worth $24,468,000 after buying an additional 298,068 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Armstrong Flooring by 1.7% in the second quarter. Rhumbline Advisers now owns 28,206 shares of the construction company’s stock worth $507,000 after buying an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 99.44% of the company’s stock.

About Armstrong Flooring

Armstrong Flooring, Inc produces flooring products for use primarily in the construction and renovation of residential, commercial and institutional buildings. The Company designs, manufactures, sources and sells resilient and wood flooring products in North America and the Pacific Rim. It operates through two segments: Resilient Flooring and Wood Flooring.

Analyst Recommendations for Armstrong Flooring (NYSE:AFI)

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