Armstrong Flooring’s (AFI) Neutral Rating Reaffirmed at Instinet

Armstrong Flooring Inc (NYSE:AFI)‘s stock had its “neutral” rating reiterated by stock analysts at Instinet in a research note issued on Friday, April 14th. They currently have a $19.00 price objective on the construction company’s stock. Instinet’s price target indicates a potential downside of 1.66% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus increased their target price on shares of Armstrong Flooring from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, March 7th. Zacks Investment Research lowered shares of Armstrong Flooring from a “hold” rating to a “sell” rating in a report on Thursday, March 9th. Nomura initiated coverage on shares of Armstrong Flooring in a report on Wednesday, April 12th. They set a “neutral” rating and a $19.00 price objective on the stock. Finally, Macquarie restated a “neutral” rating on shares of Armstrong Flooring in a report on Wednesday, December 21st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $26.75.

Analyst Recommendations for Armstrong Flooring (NYSE:AFI)

Shares of Armstrong Flooring (NYSE:AFI) traded down 1.29% during trading on Friday, hitting $19.07. The stock had a trading volume of 64,851 shares. The firm’s 50-day moving average is $18.96 and its 200-day moving average is $19.48. Armstrong Flooring has a one year low of $15.48 and a one year high of $22.96. The firm has a market cap of $527.53 million and a P/E ratio of 241.39.

Armstrong Flooring (NYSE:AFI) last announced its quarterly earnings data on Monday, May 8th. The construction company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.02. The business had revenue of $265.20 million during the quarter, compared to the consensus estimate of $274.41 million. Armstrong Flooring had a net margin of 0.35% and a return on equity of 2.37%. The firm’s revenue was down 6.8% compared to the same quarter last year. Equities research analysts forecast that Armstrong Flooring will post $0.66 EPS for the current year.

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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.

5 Day Chart for NYSE:AFI

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