Nomura analyst Mike Wood maintained a Buy rating on Armstrong Ind (AWI) today and set a price target of $105.00. The company’s shares closed last Thursday at $77.34.
According to TipRanks.com, Wood is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -7.5% and a 33.3% success rate. Wood covers the Industrial Goods sector, focusing on stocks such as Mueller Water Products, Masonite International, and Armstrong Flooring.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Armstrong Ind with a $91.25 average price target, implying a 18.1% upside from current levels. In a report issued on April 16, SunTrust Robinson also maintained a Buy rating on the stock with a $100.00 price target.
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Armstrong Ind’s market cap is currently $3.65B and has a P/E ratio of 17.80. The company has a Price to Book ratio of -36.77.
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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: Mineral Fiber, Architectural Specialties and Unallocated Corporate. Mineral Fiber segment produces suspended mineral fiber and soft fiber ceiling systems for use in commercial and residential settings. Architectural Specialties segment roduces and sources ceilings and walls for use in commercial settings. Unallocated Corporate segment includes assets, liabilities, income and expenses that have not been allocated to other business segments. The company was founded by Thomas M. Armstrong in 1860 and is headquartered in Lancaster, PA.
