A number of research firms have changed their ratings and price targets for Armstrong World Industries (NYSE: AWI):

  • 8/4/2017 – Armstrong World Industries was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/2/2017 – Armstrong World Industries had its price target raised by analysts at Deutsche Bank AG from $52.00 to $53.00. They now have a “buy” rating on the stock.
  • 8/1/2017 – Armstrong World Industries was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/31/2017 – Armstrong World Industries was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 7/27/2017 – Armstrong World Industries was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/10/2017 – Armstrong World Industries was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Armstrong World projects 2017 sales to be in the $1.29–$1.32 billion range and adjusted earnings between $2.60 and $2.70 per share. Quarter-to-date, the stock has underperformed the Zacks categorized sub industry. The underlying fundamentals for repair and remodel (R&R) activity remain uneven as demand is projected to be limited. This will likely result in choppy R&R activity from quarter to quarter. Moreover, emerging markets will be impacted by lower commodity prices.”
  • 7/6/2017 – Armstrong World Industries was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/4/2017 – Armstrong World Industries was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Armstrong World projects 2017 sales to be in the $1.29–$1.32 billion range and adjusted earnings between $2.60 and $2.70 per share, both up from 2016 levels. It was recently selected to provide ceiling solutions for the Metropolitan Transportation Authority's East Side Access megaproject, the largest transportation construction project underway in the U.S. Further, the company has acquired Tectum to expand its leading portfolio of durable, sustainable and acoustical solutions. Improvement in AUV, broad-based recovery in non-residential markets, innovation in product pipeline will aid growth. Year to date, the stock has outperformed the Zacks categorized sub industry. However, the underlying fundamentals for repair and remodel (R&R) activity remain uneven as demand is projected to be limited. This will likely result in choppy R&R activity from quarter to quarter.”
  • 6/22/2017 – Armstrong World Industries was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $49.00 price target on the stock. According to Zacks, “Armstrong World was recently selected to provide ceiling solutions for the Metropolitan Transportation Authority's East Side Access megaproject, the largest transportation construction project underway in the U.S. Further, the company has acquired Tectum to expand its leading portfolio of durable, sustainable and acoustical solutions. Armstrong World projects 2017 sales to be in the $1.29–$1.32 billion range and adjusted earnings between $2.60 and $2.70 per share, both up from 2016 levels.Improvement in AUV, broad-based recovery in non-residential markets, innovation in product pipeline along with share buybacks will aid growth. The company has a positive record of earnings surprises in the past few quarters. Its estimates have also gone up recently.”
  • 6/16/2017 – Armstrong World Industries was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $50.00 price target on the stock. According to Zacks, “Armstrong World was recently selected to provide ceiling solutions for the Metropolitan Transportation Authority's East Side Access megaproject, the largest transportation construction project underway in the U.S. Further, the company has acquired Tectum to expand its leading portfolio of durable, sustainable and acoustical solutions. Armstrong World projects 2017 sales to be in the $1.29–$1.32 billion range and adjusted earnings between $2.60 and $2.70 per share, both up from 2016 levels.Improvement in AUV, broad-based recovery in non-residential markets, innovation in product pipeline along with share buybacks will aid growth. The company has a positive record of earnings surprises in the past few quarters. Its estimates have also gone up recently.”
  • 6/15/2017 – Armstrong World Industries had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $50.00 price target on the stock.
  • 6/15/2017 – Armstrong World Industries was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Armstrong World projects 2017 sales to be in the $1.29–$1.32 billion range and adjusted earnings between $2.60 and $2.70 per share, both up from 2016 levels. It was recently selected to provide ceiling solutions for the Metropolitan Transportation Authority's East Side Access megaproject, the largest transportation construction project underway in the U.S. Further, the company has acquired Tectum to expand its leading portfolio of durable, sustainable and acoustical solutions. Improvement in AUV, broad-based recovery in non-residential markets, innovation in product pipeline will aid growth. However, year to date, the stock has underperformed the Zacks categorized sub industry. The underlying fundamentals for repair and remodel (R&R) activity remain uneven as demand is projected to be limited. This will likely result in choppy R&R activity from quarter to quarter.”
  • 6/8/2017 – Armstrong World Industries was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $49.00 price target on the stock. According to Zacks, “Armstrong World projects 2017 sales to be in the $1.29–$1.32 billion range and adjusted earnings between $2.60 and $2.70 per share, both up from 2016 levels. It was recently selected to provide ceiling solutions for the Metropolitan Transportation Authority's East Side Access megaproject, the largest transportation construction project underway in the U.S. Further, the company has acquired Tectum to expand its leading portfolio of durable, sustainable and acoustical solutions. Improvement in AUV, broad-based recovery in non-residential markets, innovation in product pipeline along with share buybacks will aid growth. The company has a positive record of earnings surprises in the past few quarters. Its estimates have also gone up recently. Year to date, the stock has outperformed the Zacks categorized Building & Construction Product – Miscellaneous sub industry.”

Shares of Armstrong World Industries Inc (AWI) traded down 0.4714% during trading on Monday, reaching $47.2761. The company’s stock had a trading volume of 87,365 shares. The company has a market cap of $2.50 billion, a PE ratio of 15.3544 and a beta of 1.65. Armstrong World Industries Inc has a 52-week low of $36.38 and a 52-week high of $49.55. The firm’s 50-day moving average is $45.18 and its 200 day moving average is $44.12.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Monday, July 31st. The construction company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.04. Armstrong World Industries had a return on equity of 49.73% and a net margin of 13.24%. The firm had revenue of $330.80 million during the quarter, compared to analysts’ expectations of $330.92 million. During the same period in the prior year, the company earned $0.56 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts predict that Armstrong World Industries Inc will post $2.72 EPS for the current fiscal year.

Armstrong World Industries, Inc (AWI) is a global producer of ceiling systems. The Company owns and operates the Building Products (Ceilings) segment. The Company designs, manufactures and sells ceiling systems (primarily mineral fiber, fiberglass wool and metal) around the world. Its products are used in commercial and institutional buildings.

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