Shares of Armstrong Flooring Inc (NYSE:AFI) have received a consensus rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $25.50.
AFI has been the topic of a number of research reports. TheStreet upgraded Armstrong Flooring from a “d+” rating to a “c-” rating in a research note on Tuesday, November 28th. Zacks Investment Research downgraded Armstrong Flooring from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $15.00 target price on shares of Armstrong Flooring in a research note on Friday, November 3rd.
Armstrong Flooring (NYSE:AFI) opened at $14.57 on Friday. The stock has a market capitalization of $380.73, a P/E ratio of -14.43 and a beta of 2.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 2.66. Armstrong Flooring has a 12 month low of $13.32 and a 12 month high of $22.96.
Institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Armstrong Flooring in the 4th quarter valued at approximately $182,000. Voya Investment Management LLC lifted its holdings in shares of Armstrong Flooring by 13.7% in the 2nd quarter. Voya Investment Management LLC now owns 12,876 shares of the construction company’s stock valued at $231,000 after buying an additional 1,551 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Armstrong Flooring by 5.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,565 shares of the construction company’s stock valued at $351,000 after buying an additional 1,056 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Armstrong Flooring by 34.9% in the 2nd quarter. Alliancebernstein L.P. now owns 19,710 shares of the construction company’s stock valued at $354,000 after buying an additional 5,100 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of Armstrong Flooring in the 4th quarter valued at approximately $336,000. 98.70% of the stock is owned by institutional investors and hedge funds.
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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.
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