ASV Holdings Inc (ASV) Given Consensus Recommendation of “Strong Buy” by Analysts
ASV Holdings Inc (NASDAQ:ASV) has been assigned an average broker rating score of 1.00 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus target price of $10.92 for the company, according to Zacks. Zacks has also given ASV an industry rank of 3 out of 265 based on the ratings given to its competitors.
Several research analysts have recently weighed in on the company. Zacks Investment Research cut ASV from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Barrington Research assumed coverage on ASV in a report on Tuesday, November 21st. They set an “outperform” rating and a $11.25 target price on the stock.
Institutional investors have recently modified their holdings of the company. S Squared Technology LLC acquired a new position in shares of ASV during the 2nd quarter worth approximately $2,526,000. Pacific Ridge Capital Partners LLC acquired a new position in shares of ASV during the 2nd quarter worth approximately $1,877,000. Kennedy Capital Management Inc. acquired a new position in shares of ASV during the 2nd quarter worth approximately $3,161,000. Manatuck Hill Partners LLC acquired a new position in shares of ASV during the 2nd quarter worth approximately $1,915,000. Finally, Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of ASV by 28.4% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,180,515 shares of the company’s stock worth $9,598,000 after purchasing an additional 261,017 shares during the last quarter. Institutional investors and hedge funds own 41.22% of the company’s stock.
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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