Zacks: ASV Holdings Inc (NASDAQ:ASV) Given Average Rating of “Strong Buy” by Analysts

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

Brokerages have set a one year consensus price objective of $5.00 for the company and are anticipating that the company will post $0.04 EPS for the current quarter, according to Zacks. Zacks has also assigned ASV an industry rank of 217 out of 256 based on the ratings given to related companies.

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

ASV stock traded down $0.05 during mid-day trading on Tuesday, reaching $7.00. The stock had a trading volume of 3,400 shares, compared to its average volume of 25,342. The firm has a market cap of $69.38 million, a P/E ratio of 58.33 and a beta of 5.79. The company’s 50-day moving average price is $5.29. ASV has a one year low of $1.46 and a one year high of $8.13. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.34 and a quick ratio of 0.82.

ASV (NASDAQ:ASV) last posted its earnings results on Thursday, May 2nd. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. The firm had revenue of $27.34 million during the quarter, compared to the consensus estimate of $28.49 million. ASV had a positive return on equity of 0.36% and a negative net margin of 26.04%. On average, analysts forecast that ASV will post 0.17 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASV. Deutsche Bank AG acquired a new stake in shares of ASV in the 4th quarter valued at about $26,000. Shufro Rose & Co. LLC boosted its position in shares of ASV by 27.7% in the 1st 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. WealthTrust Axiom LLC boosted its position in shares of ASV by 5.7% in the 1st 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, Pacific Ridge Capital Partners LLC boosted its position in shares of ASV by 18.3% in the 1st 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. Institutional investors and hedge funds own 39.25% of the company’s stock.

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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