Armstrong World Industries Inc (NYSE:AWI) has been downgraded to Strong Sell in a report by Zacks Investment Research today.
- Updated: November 27, 2016
Yesterday Armstrong World Industries Inc (NYSE:AWI) traded 0.96% higher at $40.95. The company’s 50-day moving average is $39.69 and its 200-day moving average is $40.89. The last stock close price is up 3.07% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 166,393 shares of the stock were exchanged, down from an average trading volume of 559,475
Zacks Investment Research has downgraded Armstrong World Industries Inc (NYSE:AWI) to Strong Sell in a report released on Tuesday November 22, 2016.
Previously on Tuesday February 23, 2016, JP Morgan reported about Armstrong World Industries Inc (NYSE:AWI) lowered the target price from $62.00 to $50.00. At the time, this indicated a possible upside of 0%.
With a total market value of $0, Armstrong World Industries Inc has price-earnings ratio of 37.14 with a one year low of $35.92 and a one year high of $50.15 .
A total of 12 equity analysts have released a ratings update on AWI. Two equity analysts rating the company a strong buy, four equity analysts rating the company a buy, nine equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $46.33.
Brief Synopsis About Armstrong World Industries Inc (NYSE:AWI)
Armstrong World Industries, Inc. is a producer of flooring products and ceiling systems for use in the construction and renovation of residential, commercial and institutional buildings. The Company operates in four segments: Building Products, which produces suspended mineral fiber, soft fiber and metal ceiling systems for use in commercial, institutional and residential settings; Resilient Flooring, which designs, manufactures, sources and sells a range of floor coverings primarily for homes and commercial and institutional buildings; Wood Flooring segment, which designs, manufactures, sources and sells hardwood flooring products for use in new residential construction and renovation, with some commercial applications in stores, restaurants and high-end offices, and Unallocated Corporate. Its brands include Armstrong, Alterna, BBT, BioBased Tile, BioGuard, Bruce, Cirrus, Dune, Excelon, Huiyi, Imperial, Initiator, Laurel, Luxe Plank, Medintech, MetalWorks, Optima and Perla.
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