Brokerages Set $10.75 Price Target for ASV Holdings Inc (ASV)
Shares of ASV Holdings Inc (NYSE:ASV) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Analysts have set a one year consensus target price of $10.75 for the company, according to Zacks. Zacks has also assigned ASV Holdings an industry rank of 24 out of 265 based on the ratings given to its competitors.
ASV has been the topic of several analyst reports. Zacks Investment Research lowered shares of ASV Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Roth Capital set a $12.00 price objective on shares of ASV Holdings and gave the company a “buy” rating in a report on Tuesday, August 8th.
Shares of ASV Holdings (NYSE:ASV) opened at 8.00 on Friday. The stock’s market cap is $78.40 million. ASV Holdings has a 1-year low of $7.23 and a 1-year high of $9.56. The company has a 50 day moving average price of $8.08 and a 200 day moving average price of $8.06.
ASV Holdings (NYSE:ASV) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. ASV Holdings had a net margin of 5.12% and a return on equity of 11.75%. The company had revenue of $34.24 million during the quarter, compared to the consensus estimate of $28.50 million. On average, equities analysts anticipate that ASV Holdings will post $0.34 EPS for the current year.
Institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. acquired a new position in shares of ASV Holdings during the 2nd quarter worth about $182,000. Spark Investment Management LLC acquired a new position in shares of ASV Holdings during the 2nd quarter worth about $200,000. Neuberger Berman Group LLC acquired a new position in shares of ASV Holdings during the 2nd quarter worth about $939,000. Royce & Associates LP acquired a new position in shares of ASV Holdings during the 2nd quarter worth about $1,133,000. Finally, Pacific Ridge Capital Partners LLC acquired a new position in shares of ASV Holdings during the 2nd quarter worth about $1,877,000.
ASV Holdings Company Profile
ASV Holdings, Inc (ASV) is engaged in designing and manufacturing a range of compact track loader (CTL) and skid steer loader (SSL) equipment for construction, agricultural and forestry industries. The Company manufactures Posi-Track, rubber-tracked CTLs with multi-level suspension. CTLs are compact tracked vehicles with lift arms that functions in wet, muddy, snowy or harsh conditions and where there are slopes and grades, such as in a construction, agriculture or forestry environment.
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