Armstrong Flooring Inc (AFI) Gets a Hold Rating from Stifel Nicolaus
Stifel Nicolaus analyst John Baugh reiterated a Hold rating on Armstrong Flooring Inc (AFI) yesterday and set a price target of $15. The company’s shares closed yesterday at $13.42.
According to TipRanks.com, Baugh is a 5-star analyst with an average return of 10.4% and a 52.6% success rate. Baugh covers the Consumer Goods sector, focusing on stocks such as Leggett & Platt Inc, Mohawk Industries, and La-Z-Boy Inc.
Armstrong Flooring Inc has an analyst consensus of Moderate Buy, with a price target consensus of $18.67, a 39.1% upside from current levels. In a report issued on January 7, SunTrust Robinson also reiterated a Hold rating on the stock with a $14 price target.
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Based on Armstrong Flooring Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $7.9 million. In comparison, last year the company had a GAAP net loss of $20.7 million.
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Armstrong Flooring, Inc. engages in the production of flooring products. It operates through the Resilient Flooring and Wood Flooring segments. The Resilient Flooring segment designs, manufactures, sources, and sells a range of floor coverings primarily for homes and commercial buildings under various brands, including the Armstrong brand.