Zacks: Brokerages Set $10.92 Target Price for ASV Holdings Inc (ASV)

ASV Holdings Inc (NASDAQ:ASV) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy rating.

Brokers have set a 12-month consensus price target of $10.92 for the company and are anticipating that the company will post $0.07 earnings per share for the current quarter, according to Zacks. Zacks has also given ASV an industry rank of 18 out of 265 based on the ratings given to its competitors.

ASV has been the subject of a number of research reports. Zacks Investment Research downgraded ASV from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Barrington Research started coverage on ASV in a research report on Tuesday, November 21st. They set an “outperform” rating and a $11.25 price target for the company.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Gilder Gagnon Howe & Co. LLC boosted its position in shares of ASV by 2.6% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,211,662 shares of the company’s stock worth $12,298,000 after buying an additional 31,147 shares during the period. Royce & Associates LP boosted its position in shares of ASV by 8.5% in the third quarter. Royce & Associates LP now owns 150,790 shares of the company’s stock worth $1,230,000 after buying an additional 11,800 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of ASV in the second quarter worth about $182,000. 41.22% of the stock is owned by institutional investors.

ASV (NASDAQ ASV) opened at $8.00 on Friday. ASV has a 12 month low of $7.23 and a 12 month high of $10.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.91 and a quick ratio of 0.79.

ASV (NASDAQ:ASV) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). ASV had a net margin of 0.33% and a negative return on equity of 0.78%. analysts predict that ASV will post 0.24 EPS for the current fiscal year.

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ASV Company Profile

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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