Zacks: ASV Holdings Inc (NASDAQ:ASV) Given $5.00 Consensus Target Price by Brokerages

Shares of ASV Holdings Inc (NASDAQ:ASV) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a twelve-month consensus price objective of $5.00 for the company and are anticipating that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also assigned ASV an industry rank of 164 out of 256 based on the ratings given to related companies.

Several research analysts have commented on the stock. Barrington Research lowered shares of ASV from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 27th. Zacks Investment Research raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Wednesday, June 5th. Finally, ValuEngine raised shares of Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th.

ASV traded up $0.02 during trading hours on Friday, hitting $6.91. The company’s stock had a trading volume of 44,948 shares, compared to its average volume of 108,694. The firm has a 50-day moving average of $4.21. ASV has a 12 month low of $1.46 and a 12 month high of $8.13. The firm has a market cap of $68.39 million, a PE ratio of 57.58 and a beta of 5.85. The company has a current ratio of 2.34, a quick ratio of 0.82 and a debt-to-equity ratio of 0.99.

ASV (NASDAQ:ASV) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.03. The company had revenue of $27.34 million during the quarter, compared to analyst estimates of $28.49 million. ASV had a negative net margin of 26.04% and a positive return on equity of 0.36%. As a group, equities analysts predict that ASV will post 0.17 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. First Wilshire Securities Management Inc. boosted its stake in shares of ASV by 3.3% during the fourth quarter. First Wilshire Securities Management Inc. now owns 601,938 shares of the company’s stock valued at $1,204,000 after purchasing an additional 19,492 shares during the period. Pacific Ridge Capital Partners LLC boosted its stake in shares of ASV by 18.3% during the first quarter. Pacific Ridge Capital Partners LLC now owns 578,128 shares of the company’s stock valued at $1,590,000 after purchasing an additional 89,281 shares during the period. Royce & Associates LP boosted its stake in shares of ASV by 8.3% during the fourth quarter. Royce & Associates LP now owns 296,390 shares of the company’s stock valued at $593,000 after purchasing an additional 22,800 shares during the period. WealthTrust Axiom LLC boosted its stake in shares of ASV by 5.7% during the first quarter. WealthTrust Axiom LLC now owns 221,158 shares of the company’s stock valued at $608,000 after purchasing an additional 11,900 shares during the period. Finally, Shufro Rose & Co. LLC boosted its stake in shares of ASV by 27.7% during the first quarter. Shufro Rose & Co. LLC now owns 146,867 shares of the company’s stock valued at $404,000 after purchasing an additional 31,900 shares during the period. 39.45% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: How Does the Quiet Period Work?

Get a free copy of the Zacks research report on ASV (ASV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for ASV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASV and related companies with MarketBeat.com's FREE daily email newsletter.