Armstrong Flooring, Inc. (NYSE:AFI)‘s stock had its “hold” rating reaffirmed by equities researchers at SunTrust Banks, Inc. in a research note issued on Friday. They currently have a $15.00 price objective on the construction company’s stock. SunTrust Banks, Inc.’s price objective suggests a potential upside of 6.01% from the company’s previous close.

AFI has been the topic of several other reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price target on shares of Armstrong Flooring in a report on Monday, August 7th. Gabelli cut shares of Armstrong Flooring from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a report on Tuesday, August 8th. Zacks Investment Research cut shares of Armstrong Flooring from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. TheStreet cut shares of Armstrong Flooring from a “c-” rating to a “d+” rating in a report on Monday, August 21st. Finally, Nomura reissued a “neutral” rating on shares of Armstrong Flooring in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.20.

Shares of Armstrong Flooring (AFI) opened at $14.15 on Friday. The company has a market capitalization of $383.26 million and a price-to-earnings ratio of 32.47. The company has a current ratio of 2.62, a quick ratio of 0.96 and a debt-to-equity ratio of 0.15. Armstrong Flooring has a fifty-two week low of $13.55 and a fifty-two week high of $22.96.

Armstrong Flooring (NYSE:AFI) last posted 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). The company had revenue of $297.30 million during the quarter, compared to analyst estimates of $324.63 million. Armstrong Flooring had a negative net margin of 0.03% and a positive return on equity of 1.99%. The firm’s revenue was down 8.2% compared to the same quarter last year. analysts anticipate that Armstrong Flooring will post 0.23 EPS for the current fiscal year.

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Large investors have recently modified their holdings of the business. Oppenheimer Asset Management Inc. raised its holdings in shares of Armstrong Flooring by 138.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 8,800 shares of the construction company’s stock worth $158,000 after purchasing an additional 5,102 shares during the period. Voya Investment Management LLC raised its holdings in shares of Armstrong Flooring by 13.7% during the second quarter. Voya Investment Management LLC now owns 12,876 shares of the construction company’s stock worth $231,000 after purchasing an additional 1,551 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Armstrong Flooring during the second quarter worth $330,000. KBC Group NV raised its holdings in shares of Armstrong Flooring by 1.2% during the second quarter. KBC Group NV now owns 18,663 shares of the construction company’s stock worth $335,000 after purchasing an additional 225 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of 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 worth $351,000 after purchasing an additional 1,056 shares during the period.

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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