Citigroup Reconfirms GBX 1010.00 Target On Antofagasta PLC (LON:ANTO), Reconfirms “Buy” Rating; Armstrong World Industries (AWI) Has 1.31 Sentiment

Antofagasta plc (LON:ANTO) Logo

Armstrong World Industries Inc (AWI) investors sentiment increased to 1.31 in Q4 2017. It’s up 0.19, from 1.12 in 2017Q3. The ratio is better, as 97 hedge funds increased and started new equity positions, while 74 sold and decreased stock positions in Armstrong World Industries Inc. The hedge funds in our database now have: 53.24 million shares, down from 56.84 million shares in 2017Q3. Also, the number of hedge funds holding Armstrong World Industries Inc in top ten equity positions decreased from 8 to 6 for a decrease of 2. Sold All: 11 Reduced: 63 Increased: 54 New Position: 43.

In analysts report revealed to clients and investors on 6 April, Antofagasta PLC (LON:ANTO) stock had its “Buy” Rating maintained by research analysts at Citigroup. They currently have a GBX 1010.00 target price per share on firm. Citigroup’s target indicates a potential upside of 10.75% from the company’s previous stock close.

Ratings analysis reveals 0 of Armstrong World Industries’s analysts are positive. Out of 2 Wall Street analysts rating Armstrong World Industries, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. AWI was included in 2 notes of analysts from November 1, 2016. The firm earned “Sector Weight” rating on Thursday, January 5 by KeyBanc Capital Markets. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, November 1 report.

Analysts await Armstrong World Industries, Inc. (NYSE:AWI) to report earnings on May, 7. They expect $0.83 earnings per share, up 50.91% or $0.28 from last year’s $0.55 per share. AWI’s profit will be $44.08 million for 17.00 P/E if the $0.83 EPS becomes a reality. After $0.50 actual earnings per share reported by Armstrong World Industries, Inc. for the previous quarter, Wall Street now forecasts 66.00% EPS growth.

Armstrong World Industries, Inc. designs, makes, and sells ceiling systems for use primarily in the construction and renovation of residential, commercial, and institutional buildings worldwide. The company has market cap of $3.00 billion. The firm produces suspended fiber and metal ceiling systems, and complementary ceiling products, as well as acoustical ceiling, wall, and structural solutions; and sells suspension system products. It has a 19.74 P/E ratio. It sells its commercial ceiling materials and accessories to resale distributors and ceiling system contractors; and residential ceiling products to wholesalers and retailers, including large home centers.

Since January 1, 0001, it had 0 insider purchases, and 1 sale for $140.06 million activity.

The stock increased 0.98% or $0.55 during the last trading session, reaching $56.45. About 545,842 shares traded or 21.73% up from the average. Armstrong World Industries, Inc. (AWI) has risen 24.50% since April 6, 2017 and is uptrending. It has outperformed by 12.95% the S&P500.

Valueact Holdings L.P. holds 5.64% of its portfolio in Armstrong World Industries, Inc. for 9.20 million shares. Golden Gate Private Equity Inc. owns 105,550 shares or 5.37% of their US portfolio. Moreover, Marble Arch Investments Lp has 4.64% invested in the company for 995,301 shares. The Florida-based Timucuan Asset Management Inc Fl has invested 4.55% in the stock. 13D Management Llc, a New York-based fund reported 232,435 shares.

Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile. The company has market cap of 9.02 billion GBP. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and evaluation, and Railway and Other Transport Services divisions. It has a 12.02 P/E ratio. The firm produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.

Among 29 analysts covering Antofagasta PLC (LON:ANTO), 8 have Buy rating, 11 Sell and 10 Hold. Therefore 28% are positive. Antofagasta PLC has GBX 1200 highest and GBX 250 lowest target. GBX 764’s average target is -16.50% below currents GBX 915 stock price. Antofagasta PLC had 373 analyst reports since July 23, 2015 according to SRatingsIntel. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, December 1 report. The firm earned “Hold” rating on Monday, April 24 by Peel Hunt. The stock has “Hold” rating by Peel Hunt on Wednesday, January 31. Berenberg maintained Antofagasta plc (LON:ANTO) rating on Friday, July 8. Berenberg has “Sell” rating and GBX 370 target. The rating was maintained by Goldman Sachs on Wednesday, July 5 with “Sell”. The firm has “Hold” rating given on Thursday, February 18 by Canaccord Genuity. The firm has “Underperform” rating given on Friday, January 26 by Credit Suisse. The company was upgraded on Thursday, August 31 by Jefferies. JP Morgan maintained the shares of ANTO in report on Thursday, January 25 with “Underweight” rating. Bernstein maintained Antofagasta plc (LON:ANTO) on Monday, December 21 with “Outperform” rating.

The stock decreased 1.70% or GBX 15.8 during the last trading session, reaching GBX 915. About 189,881 shares traded. Antofagasta plc (LON:ANTO) has 0.00% since April 6, 2017 and is . It has underperformed by 11.55% the S&P500.

Armstrong World Industries, Inc. (NYSE:AWI) Ratings Chart