In a report released yesterday, John Baugh from Stifel Nicolaus reiterated a Hold rating on Armstrong Flooring Inc (NYSE: AFI), with a price target of $17. The company’s shares closed yesterday at $16.
According to TipRanks.com, Baugh is a 5-star analyst with an average return of 14.0% and a 59.8% success rate. Baugh covers the Consumer Goods sector, focusing on stocks such as Bassett Furniture Industries, Sleep Number Corporation, and Leggett & Platt Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Armstrong Flooring Inc with a $17 average price target.
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Based on Armstrong Flooring Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $10.5 million. In comparison, last year the company had a net profit of $5.4 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.
