Credit Suisse (SIX:CSGN) analyst Adam Baumgarten maintained a Hold rating on Armstrong Ind (NYSE:AWI) on Friday, setting a price target of $68, which is approximately 0.06% below the present share price of $68.04.
Baumgarten expects Armstrong Ind to post earnings per share (EPS) of $1.05 for the third quarter of 2020.
The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in Armstrong Ind, with an average price target of $83.13.
The analysts price targets range from a high of $105 to a low of $68.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $203.2 million and a net profit of $34.8 million. The company's market cap is $3.33 billion.
According to TipRanks.com, Credit Suisse analyst Adam Baumgarten is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 7.0% and a 60.00% success rate.
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: Mineral Fiber, Architectural Specialties and Unallocated Corporate. Mineral Fiber segment produces suspended mineral fiber and soft fiber ceiling systems for use in commercial and residential settings. Architectural Specialties segment roduces and sources ceilings and walls for use in commercial settings. Unallocated Corporate segment includes assets, liabilities, income and expenses that have not been allocated to other business segments. The company was founded by Thomas M. Armstrong in 1860 and is headquartered in Lancaster, PA.