Armstrong World Industries Inc (AWI) : 2 brokerage houses believe that Armstrong World Industries Inc (AWI) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Armstrong World Industries Inc (AWI). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 6 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.
Armstrong World Industries Inc (AWI) stock is expected to deviate a maximum of $7.68 from the average target price of $50.75 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $62 and the most muted being $45.
Company shares have received an average consensus rating of Hold for the current week
Armstrong World Industries Inc (NYSE:AWI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.38 and $42.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.42, notching a gain of 2.62% for the day. The total traded volume was 890,442 . The stock had closed at $42.31 on the previous day.
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 produces and sources a range of floor coverings for homes and commercial and institutional buildings and Wood Flooring segment produces and sources wood flooring products for use in new residential construction and renovation, with commercial applications in stores, restaurants and high-end offices. Its brands include Armstrong, Alterna, BBT, BioBased Tile, BioGuard, Bruce, Cirrus, Dune, Excelon, Huiyi, Imperial, Initiator, Laurel, Luxe Plank, Medintech, MetalWorks, Optima, Perla, Plano, Stonetex, Station Square, ToughGuard, Ultima and WoodWorks, among others.