Armstrong Ind Gets a Hold Rating from RBC Capital

By Ryan Adsit

In a report released yesterday, Robert Wetenhall from RBC Capital reiterated a Hold rating on Armstrong Ind (NYSE: AWI), with a price target of $55. The company’s shares closed yesterday at $50.15.

According to TipRanks.com, Wetenhall is a top 25 analyst with an average return of 18.3% and a 82.4% success rate. Wetenhall covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Installed Building Products, and Advanced Drainage Systems.

Armstrong Ind has an analyst consensus of Moderate Buy, with a price target consensus of $55.

The company has a one-year high of $54.45 and a one-year low of $38.45. Currently, Armstrong Ind has an average volume of 408.8K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.