SunTrust Banks, Inc. Reaffirms “Hold” Rating for Armstrong Flooring, Inc. (AFI)

SunTrust Banks, Inc. restated their hold rating on shares of Armstrong Flooring, Inc. (NYSE:AFI) in a research report report published on Monday morning. SunTrust Banks, Inc. currently has a $15.00 price objective on the construction company’s stock. SunTrust Banks also issued estimates for Armstrong Flooring’s Q3 2017 earnings at $0.21 EPS and FY2017 earnings at $0.22 EPS.

Several other equities research analysts have also issued reports on AFI. Stifel Nicolaus reaffirmed a hold rating and issued a $20.00 price objective on shares of Armstrong Flooring in a research note on Monday, August 7th. Gabelli lowered shares of Armstrong Flooring from a buy rating to a hold rating and set a $18.00 price objective for the company. in a research note on Tuesday, August 8th. Nomura reaffirmed a neutral rating on shares of Armstrong Flooring in a research note on Tuesday, August 8th. Zacks Investment Research lowered shares of Armstrong Flooring from a hold rating to a sell rating in a research note on Thursday, August 10th. Finally, TheStreet lowered shares of Armstrong Flooring from a c- rating to a d+ rating in a research note on Monday, August 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Armstrong Flooring currently has a consensus rating of Hold and a consensus target price of $24.20.

Armstrong Flooring (NYSE AFI) opened at 15.98 on Monday. The company has a 50 day moving average price of $15.49 and a 200 day moving average price of $15.49. Armstrong Flooring has a 12 month low of $14.44 and a 12 month high of $22.96. The stock has a market capitalization of $432.82 million, a price-to-earnings ratio of 726.36 and a beta of 4.77.

Armstrong Flooring (NYSE:AFI) last released its quarterly earnings data 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 business had revenue of $297.30 million during the quarter, compared to analyst estimates of $324.63 million. The firm’s revenue was down 8.2% on a year-over-year basis. Equities research analysts predict that Armstrong Flooring will post $0.23 earnings per share for the current year.

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Hedge funds have recently added to or reduced their stakes in the stock. KBC Group NV lifted its position in Armstrong Flooring by 1.2% during the 2nd quarter. KBC Group NV now owns 18,663 shares of the construction company’s stock worth $335,000 after acquiring an additional 225 shares during the last quarter. Rhumbline Advisers lifted its position in Armstrong Flooring by 1.7% during the 2nd quarter. Rhumbline Advisers now owns 28,206 shares of the construction company’s stock worth $507,000 after acquiring an additional 470 shares during the last quarter. Strs Ohio lifted its position in Armstrong Flooring by 1.9% during the 2nd quarter. Strs Ohio now owns 37,700 shares of the construction company’s stock worth $677,000 after acquiring an additional 700 shares during the last quarter. Symphony Asset Management LLC lifted its position in Armstrong Flooring by 4.0% during the 2nd quarter. Symphony Asset Management LLC now owns 21,003 shares of the construction company’s stock worth $377,000 after acquiring an additional 808 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its position in Armstrong Flooring by 2.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 35,640 shares of the construction company’s stock worth $640,000 after acquiring an additional 920 shares during the last quarter.

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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