Zacks: Brokerages Set $10.75 Price Target for ASV Holdings Inc (ASV)
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.
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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.
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