Armstrong Ind (AWI) Gets a Hold Rating from Jefferies

By Austin Angelo

In a report issued on October 31, Philip Ng from Jefferies reiterated a Hold rating on Armstrong Ind (NYSE: AWI), with a price target of $70. The company’s shares closed yesterday at $64.09.

According to TipRanks.com, Ng is ranked #400 out of 4908 analysts.

Currently, the analyst consensus on Armstrong Ind is a Moderate Buy with an average price target of $72.25.

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Based on Armstrong Ind’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $69 million. In comparison, last year the company had a net profit of $43.3 million.

Based on the recent corporate insider activity of 25 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.