ASV Holdings Inc (ASV) Given Average Rating of “Strong Buy” by Analysts
Shares of ASV Holdings Inc (NYSE:ASV) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus target price of $10.75 for the company, according to Zacks. Zacks has also assigned ASV Holdings an industry rank of 179 out of 265 based on the ratings given to its competitors.
ASV has been the topic of a number of recent research reports. Roth Capital initiated coverage on ASV Holdings in a research report on Wednesday, June 7th. They issued a “buy” rating and a $11.50 price objective on the stock. Zacks Investment Research upgraded ASV Holdings from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research report on Friday, August 11th. Finally, Seaport Global Securities initiated coverage on ASV Holdings in a research report on Wednesday, June 7th. They issued a “buy” rating and a $9.50 price objective on the stock.
ASV Holdings (NYSE ASV) traded up 0.85% on Friday, reaching $8.33. The company’s stock had a trading volume of 36,361 shares. ASV Holdings has a 52-week low of $7.25 and a 52-week high of $9.56. The firm has a 50-day moving average price of $7.99 and a 200 day moving average price of $8.06. The firm has a market capitalization of $81.63 million and a P/E ratio of 268.71.
ASV Holdings (NYSE:ASV) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.04. The firm had revenue of $34.24 million for the quarter, compared to analyst estimates of $28.50 million. ASV Holdings had a return on equity of 11.75% and a net margin of 5.12%. Equities analysts anticipate that ASV Holdings will post $0.34 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gilder Gagnon Howe & Co. LLC bought a new position in ASV Holdings during the second quarter valued at about $7,494,000. Kennedy Capital Management Inc. bought a new position in ASV Holdings during the second quarter valued at about $3,161,000. S Squared Technology LLC bought a new position in ASV Holdings during the second quarter valued at about $2,526,000. Manatuck Hill Partners LLC bought a new position in ASV Holdings during the second quarter valued at about $1,915,000. Finally, Pacific Ridge Capital Partners LLC bought a new position in ASV Holdings during the second quarter valued at about $1,877,000.
About ASV Holdings
ASV Holdings, Inc (ASV) is engaged in designing and manufacturing a range of compact track loader (CTL) and skid steer loader (SSL) equipment for construction, agricultural and forestry industries. The Company manufactures Posi-Track, rubber-tracked CTLs with multi-level suspension. CTLs are compact tracked vehicles with lift arms that functions in wet, muddy, snowy or harsh conditions and where there are slopes and grades, such as in a construction, agriculture or forestry environment.
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