Shares of Armstrong Flooring, Inc. (NYSE:AFI) have earned a consensus recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $25.50.

Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Armstrong Flooring from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Nomura reaffirmed a “neutral” rating on shares of Armstrong Flooring in a report on Tuesday, August 8th. Gabelli downgraded Armstrong Flooring from a “buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a report on Tuesday, August 8th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $15.00 price objective on shares of Armstrong Flooring in a report on Monday, October 2nd. Finally, TheStreet downgraded Armstrong Flooring from a “c-” rating to a “d+” rating in a report on Monday, August 21st.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Teton Advisors Inc. boosted its holdings in Armstrong Flooring by 16.5% during the third quarter. Teton Advisors Inc. now owns 238,300 shares of the construction company’s stock valued at $3,753,000 after purchasing an additional 33,800 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in Armstrong Flooring by 12.4% during the third quarter. Gamco Investors INC. ET AL now owns 1,530,905 shares of the construction company’s stock valued at $24,112,000 after purchasing an additional 169,315 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in Armstrong Flooring by 5.0% during the third quarter. Nationwide Fund Advisors now owns 184,167 shares of the construction company’s stock valued at $2,901,000 after purchasing an additional 8,844 shares in the last quarter. Strs Ohio boosted its holdings in Armstrong Flooring by 18.0% during the third quarter. Strs Ohio now owns 44,500 shares of the construction company’s stock valued at $700,000 after purchasing an additional 6,800 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Armstrong Flooring by 5.7% during the second quarter. The Manufacturers Life Insurance Company now owns 19,565 shares of the construction company’s stock valued at $351,000 after purchasing an additional 1,056 shares in the last quarter.

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Armstrong Flooring (NYSE:AFI) last issued its quarterly earnings results on Monday, August 7th. The construction company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.12). Armstrong Flooring had a negative net margin of 0.03% and a positive return on equity of 1.99%. The firm had revenue of $297.30 million for the quarter, compared to the consensus estimate of $324.63 million. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year.

Armstrong Flooring Company Profile

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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