After Roth Capital and Seaport Global gave ASV Holdings Inc (NASDAQ: ASV) a Buy rating last month, the company received another Buy, this time from Barrington. Analyst Christopher Howe reiterated a Buy rating on ASV Holdings Inc today and set a price target of $9. The company’s shares opened today at $6.54.
Howe commented:
“We reiterate our OUTPERFORM investment rating. Our price target goes to $9 (from $11) based on an EV/EBITDA multiple of 9.5x our 2019 estimate.”
According to TipRanks.com, Howe is ranked #3805 out of 4847 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for ASV Holdings Inc with a $9 average price target, a 37.7% upside from current levels. In a report issued on August 10, Roth Capital also reiterated a Buy rating on the stock with a $9 price target.
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ASV Holdings Inc’s market cap is currently $63.82M and has a P/E ratio of 46.43. The company has a Price to Book ratio of 0.97.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ASV in relation to earlier this year.
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ASV Holdings, Inc. engages in the design and manufacture of compact track loaders and skid steer loaders. The firm provides pre and post-sale dealer support, after-sale technical support and replacement parts supply. It distributes and offers products under the ASV and Terex brands.
