ASV (NASDAQ:ASV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “ASV Holdings Inc. is a designer and manufacturer of compact construction equipment which consists of loader and skid steer loader equipment. It operates primarily in North America, Australia and New Zealand. ASV Holdings Inc. is based in Grand Rapids, United States. “

Several other brokerages have also recently issued reports on ASV. Barrington Research reiterated a “buy” rating and set a $9.00 price target on shares of ASV in a research report on Wednesday, September 26th. ValuEngine cut shares of ASV from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Seaport Global Securities set a $9.00 price target on shares of ASV and gave the company a “buy” rating in a research report on Monday, August 13th. Finally, Roth Capital set a $9.00 price objective on shares of ASV and gave the stock a “buy” rating in a research note on Saturday, August 11th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. ASV currently has a consensus rating of “Buy” and an average price target of $7.56.

Shares of NASDAQ ASV opened at $2.86 on Wednesday. ASV has a 1 year low of $2.73 and a 1 year high of $10.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.80 and a current ratio of 2.21. The stock has a market cap of $28.52 million, a P/E ratio of 13.00 and a beta of 1.56.

ASV (NASDAQ:ASV) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. ASV had a negative net margin of 0.15% and a positive return on equity of 2.30%. The company had revenue of $32.78 million for the quarter, compared to analysts’ expectations of $34.16 million. As a group, equities analysts predict that ASV will post 0.12 EPS for the current fiscal year.

An institutional investor recently raised its position in ASV stock. Royce & Associates LP increased its holdings in shares of ASV Holdings Inc (NASDAQ:ASV) by 81.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,590 shares of the company’s stock after acquiring an additional 122,800 shares during the period. Royce & Associates LP owned approximately 2.79% of ASV worth $1,584,000 at the end of the most recent reporting period. 44.64% of the stock is owned by institutional investors and hedge funds.

ASV Company Profile

ASV Holdings, Inc designs and manufactures compact construction equipment in North America, Australia, and New Zealand. It offers compact track loader and skid steer loader equipment under the ASV and Terex brands. The company also offers private label original equipment manufacturing services; and pre-and post-sale dealer support, after-sale technical support, and replacement parts.

See Also: Compound Annual Growth Rate (CAGR)

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