Armstrong Flooring Inc. (AFI) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Armstrong Flooring Inc. (NYSE:AFI) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

According to Zacks, “Armstrong Flooring, Inc. is engaged in the design and manufacture of flooring solutions primarily in North America. Armstrong Flooring, Inc. is headquatered in Lancaster, Pa. “

A number of other equities analysts also recently issued reports on AFI. Gabelli began coverage on shares of Armstrong Flooring in a report on Tuesday, August 9th. They issued a buy rating for the company. Stifel Nicolaus began coverage on shares of Armstrong Flooring in a report on Wednesday, June 22nd. They issued a hold rating for the company. Finally, SunTrust Banks Inc. downgraded shares of Armstrong Flooring from a buy rating to a neutral rating and set a $19.00 price target for the company. in a report on Monday, August 15th.

Armstrong Flooring (NYSE:AFI) opened at 17.45 on Tuesday. The stock has a market capitalization of $484.97 million and a P/E ratio of 102.65. The firm’s 50-day moving average is $18.99 and its 200-day moving average is $17.66. Armstrong Flooring has a 52 week low of $11.77 and a 52 week high of $20.85.

Armstrong Flooring (NYSE:AFI) last announced its quarterly earnings results on Friday, August 12th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.05. The company earned $323.70 million during the quarter, compared to analysts’ expectations of $326.60 million. On average, equities research analysts predict that Armstrong Flooring will post $0.63 EPS for the current fiscal year.

Armstrong Flooring Company Profile

Armstrong Flooring, Inc is engaged in the designing and manufacturing of flooring solutions that inspire spaces where people live, work, learn, heal and play. The Company manufactures resilient and wood flooring products across North America. The Company safely and responsibly operates approximately 18 manufacturing facilities in three countries.

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