Shares of ASV Holdings Inc (NYSE:ASV) have received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus price target of $10.75 for the company, according to Zacks. Zacks has also given ASV Holdings an industry rank of 22 out of 265 based on the ratings given to its competitors.

A number of research firms recently issued reports on ASV. Zacks Investment Research downgraded shares of ASV Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Roth Capital set a $12.00 target price on shares of ASV Holdings and gave the company a “buy” rating in a report on Tuesday, August 8th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. purchased a new stake in ASV Holdings during the second quarter worth approximately $182,000. Spark Investment Management LLC purchased a new stake in ASV Holdings during the second quarter worth approximately $200,000. Neuberger Berman Group LLC purchased a new stake in ASV Holdings during the second quarter worth approximately $939,000. Royce & Associates LP purchased a new stake in ASV Holdings during the second quarter worth approximately $1,133,000. Finally, Pacific Ridge Capital Partners LLC purchased a new stake in ASV Holdings during the second quarter worth approximately $1,877,000.

Shares of ASV Holdings (ASV) traded down 0.8643% during mid-day trading on Monday, reaching $7.9606. 1,357 shares of the company traded hands. ASV Holdings has a 52 week low of $7.23 and a 52 week high of $9.56. The stock’s 50-day moving average is $8.05 and its 200-day moving average is $8.06. The company has a market capitalization of $78.01 million and a P/E ratio of 256.7935.

ASV Holdings (NYSE:ASV) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. The business had revenue of $34.24 million during the quarter, compared to the consensus estimate of $28.50 million. ASV Holdings had a net margin of 5.12% and a return on equity of 11.75%. On average, equities analysts predict that ASV Holdings will post $0.38 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/10/23/zacks-brokerages-set-10-75-price-target-for-asv-holdings-inc-asv.html.

About ASV Holdings

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.

Get a free copy of the Zacks research report on ASV Holdings (ASV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for ASV Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASV Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.