In a report released today, John Lovallo from Merrill Lynch maintained a Buy rating on Armstrong Ind (AWI), with a price target of $87. The company’s shares opened today at $73.72, close to its 52-week high of $75.67.
According to TipRanks.com, Lovallo is ranked #4883 out of 5218 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Armstrong Ind with a $79.50 average price target, implying a 7.8% upside from current levels. In a report issued on February 25, KeyBanc also reiterated a Buy rating on the stock with a $83 price target.
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Based on Armstrong Ind’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $31.7 million. In comparison, last year the company had a net profit of $109 million.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock.
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Armstrong World Industries, Inc. engages in the design, manufacture, and trade of commercial and residential ceiling, wall, and suspension system solutions. It operates through the following segments: Americas; Europe, Middle east, and Africa; and Pacific Rim.
