Shares of ASV Holdings Inc (NASDAQ:ASV) have been given an average broker rating score of 1.00 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.
Analysts have set a 12 month consensus target price of $10.50 for the company and are predicting that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also given ASV an industry rank of 211 out of 255 based on the ratings given to related companies.
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A number of research analysts have recently commented on ASV shares. Zacks Investment Research lowered shares of ASV from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. ValuEngine lowered shares of ASV from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. Finally, Barrington Research restated a “buy” rating and set a $11.00 price target on shares of ASV in a research report on Wednesday, May 16th.
Large investors have recently made changes to their positions in the stock. First Wilshire Securities Management Inc. grew its position in ASV by 49.9% in the first quarter. First Wilshire Securities Management Inc. now owns 520,810 shares of the company’s stock worth $3,781,000 after acquiring an additional 173,410 shares in the last quarter. Shufro Rose & Co. LLC grew its position in ASV by 305.7% in the first quarter. Shufro Rose & Co. LLC now owns 87,000 shares of the company’s stock worth $632,000 after acquiring an additional 65,554 shares in the last quarter. Finally, WealthTrust Axiom LLC purchased a new position in ASV in the first quarter worth $794,000. Institutional investors own 48.86% of the company’s stock.
ASV stock traded up $0.22 during midday trading on Wednesday, reaching $6.01. 7,300 shares of the company’s stock traded hands, compared to its average volume of 20,094. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.10 and a quick ratio of 0.83. ASV has a 52 week low of $4.75 and a 52 week high of $10.80. The stock has a market capitalization of $56.87 million, a price-to-earnings ratio of 26.32 and a beta of -0.77.
ASV (NASDAQ:ASV) last issued its earnings results on Tuesday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). ASV had a net margin of 0.94% and a return on equity of 3.21%. The business had revenue of $29.87 million for the quarter, compared to the consensus estimate of $31.26 million. equities research analysts anticipate that ASV will post 0.35 EPS for the current year.
ASV Company Profile
ASV Holdings, Inc designs and manufactures compact construction equipment in North America, Australia, and New Zealand. It offers compact track loader and skid steer loader equipment under the ASV and Terex brands. The company also offers private label original equipment manufacturing services; and pre-and post-sale dealer support, after-sale technical support, and replacement parts.
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