Shares of Armstrong Flooring, Inc. (NYSE:AFI) have received an average recommendation of “Hold” from the seven ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $29.00.

A number of equities analysts recently weighed in on AFI shares. Stifel Nicolaus reissued a “hold” rating and set a $20.00 price objective on shares of Armstrong Flooring in a report on Monday, August 7th. TheStreet cut Armstrong Flooring from a “c-” rating to a “d+” rating in a report on Monday, August 21st. Nomura reissued a “neutral” rating on shares of Armstrong Flooring in a report on Tuesday, August 8th. Gabelli cut Armstrong Flooring from a “buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a report on Tuesday, August 8th. Finally, Zacks Investment Research cut Armstrong Flooring from a “hold” rating to a “sell” rating in a report on Thursday, August 10th.

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Several hedge funds and other institutional investors have recently made changes to their positions in AFI. Kirr Marbach & Co. LLC IN raised its holdings in shares of Armstrong Flooring by 47.6% during the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 24,490 shares of the construction company’s stock valued at $440,000 after buying an additional 7,900 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Armstrong Flooring by 46.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 771,147 shares of the construction company’s stock valued at $13,856,000 after buying an additional 246,357 shares in the last quarter. Strs Ohio raised its holdings in shares of Armstrong Flooring by 1.9% during the 2nd quarter. Strs Ohio now owns 37,700 shares of the construction company’s stock valued at $677,000 after buying an additional 700 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Armstrong Flooring during the 2nd quarter valued at about $742,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Armstrong Flooring by 40.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 130,850 shares of the construction company’s stock valued at $2,352,000 after buying an additional 37,543 shares in the last quarter.

Armstrong Flooring (NYSE:AFI) traded down 0.26% on Wednesday, hitting $15.50. The stock had a trading volume of 423,567 shares. Armstrong Flooring has a 1-year low of $15.35 and a 1-year high of $22.96. The company has a 50-day moving average price of $15.67 and a 200-day moving average price of $18.44. The stock has a market capitalization of $419.82 million, a price-to-earnings ratio of 704.55 and a beta of 4.75.

Armstrong Flooring (NYSE:AFI) last issued its quarterly earnings results on Monday, August 7th. The construction company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.12). The business had revenue of $297.30 million for the quarter, compared to the consensus estimate of $324.63 million. Armstrong Flooring had a negative net margin of 0.03% and a positive return on equity of 1.99%. The company’s revenue was down 8.2% on a year-over-year basis. Equities analysts predict that Armstrong Flooring will post $0.24 earnings per share for the current year.

About Armstrong Flooring

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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