ASV Holdings Inc (ASV) Given Average Rating of “Strong Buy” by Brokerages
Shares of ASV Holdings Inc (NASDAQ:ASV) have been given a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that cover the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.
Brokers have set a twelve-month consensus price target of $10.92 for the company, according to Zacks. Zacks has also assigned ASV an industry rank of 2 out of 265 based on the ratings given to its competitors.
Several brokerages have recently issued reports on ASV. Zacks Investment Research lowered shares of ASV from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Barrington Research began coverage on shares of ASV in a report on Tuesday, November 21st. They issued an “outperform” rating and a $11.25 price target for the company.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royce & Associates LP lifted its position in ASV by 8.5% in the 3rd quarter. Royce & Associates LP now owns 150,790 shares of the company’s stock valued at $1,230,000 after acquiring an additional 11,800 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in ASV in the 2nd quarter valued at $182,000. Spark Investment Management LLC bought a new stake in ASV in the 2nd quarter valued at $200,000. Neuberger Berman Group LLC bought a new stake in ASV in the 2nd quarter valued at $939,000. Finally, Pacific Ridge Capital Partners LLC bought a new stake in ASV in the 2nd quarter valued at $1,877,000. 41.22% of the stock is currently owned by institutional investors and hedge funds.
ASV 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ASV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASV and related companies with MarketBeat.com's FREE daily email newsletter.