ASV Holdings Inc (ASV) Given $10.50 Consensus Price Target by Analysts
ASV Holdings Inc (NYSE:ASV) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus price objective of $10.50 for the company and are forecasting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also given ASV Holdings an industry rank of 2 out of 265 based on the ratings given to its competitors.
Several equities analysts have commented on ASV shares. Roth Capital started coverage on shares of ASV Holdings in a report on Wednesday, June 7th. They issued a “buy” rating and a $11.50 price objective on the stock. Seaport Global Securities initiated coverage on shares of ASV Holdings in a research note on Wednesday, June 7th. They issued a “buy” rating and a $9.50 price target on the stock. Finally, Zacks Investment Research upgraded shares of ASV Holdings from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research note on Friday.
In related news, major shareholder Manitex International, Inc. sold 2,000,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $6.51, for a total value of $13,020,000.00. Following the transaction, the insider now directly owns 2,080,000 shares in the company, valued at $13,540,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Several institutional investors have recently added to or reduced their stakes in the stock. Gilder Gagnon Howe & Co. LLC acquired a new position in ASV Holdings during the second quarter valued at approximately $7,494,000. Kennedy Capital Management Inc. acquired a new position in ASV Holdings during the second quarter valued at approximately $3,161,000. S Squared Technology LLC acquired a new position in ASV Holdings during the second quarter valued at approximately $2,526,000. Pacific Ridge Capital Partners LLC acquired a new position in ASV Holdings during the second quarter valued at approximately $1,877,000. Finally, Royce & Associates LP acquired a new position in ASV Holdings during the second quarter valued at approximately $1,133,000.
ASV Holdings (ASV) opened at 7.84 on Friday. The firm has a market capitalization of $76.83 million and a price-to-earnings ratio of 252.90. ASV Holdings has a 1-year low of $7.49 and a 1-year high of $9.56. The company has a 50-day moving average of $8.00 and a 200-day moving average of $8.04.
ASV Holdings (NYSE:ASV) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.04. ASV Holdings had a net margin of 0.83% and a return on equity of 1.74%. The firm had revenue of $34.24 million for the quarter, compared to the consensus estimate of $28.50 million. On average, equities analysts predict that ASV Holdings will post $0.31 earnings per share for the current year.
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About ASV Holdings
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.
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