Zacks: Brokerages Set $6.00 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 two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Brokers have set a 1 year consensus target price of $6.00 for the company and are expecting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned ASV an industry rank of 49 out of 256 based on the ratings given to its competitors.

Several brokerages have weighed in on ASV. Zacks Investment Research raised ASV from a “sell” rating to a “hold” rating in a report on Monday, October 15th. ValuEngine cut ASV from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. Barrington Research set a $9.00 price objective on ASV and gave the company a “buy” rating in a report on Tuesday, October 23rd. Finally, Roth Capital set a $7.00 price objective on ASV and gave the company a “buy” rating in a report on Monday, November 5th.

NASDAQ ASV opened at $3.33 on Friday. The stock has a market cap of $31.47 million, a PE ratio of 15.14 and a beta of 2.06. The company has a current ratio of 2.21, a quick ratio of 0.80 and a debt-to-equity ratio of 0.41. ASV has a one year low of $1.99 and a one year high of $10.20.

ASV (NASDAQ:ASV) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.05 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.05. The company had revenue of $32.78 million for the quarter, compared to analyst estimates of $34.16 million. ASV had a positive return on equity of 2.30% and a negative net margin of 0.15%. Research analysts anticipate that ASV will post 0.12 earnings per share for the current fiscal year.

About ASV

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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