Press coverage about ArcelorMittal (NYSE:MT) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ArcelorMittal earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 45.8117935467158 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Makhado to be developed ahead of Vele restart (blog.ihs.com)
- U.S. Steel Corporation: Key Data Points to Watch (marketrealist.com)
- Brazilian HRC steel stable at $2,300/mt as mills eye fresh price hike (platts.com)
- ArcelorMittal (MT) – Lookout Watch List active stock – Wall Street Morning (wallstreetmorning.com)
- ArcelorMittal (MT) stock returned 15.70% positive in past quarter – Street Observer (press release) (streetobserver.com)
Shares of ArcelorMittal (NYSE MT) opened at 27.08 on Friday. The company has a 50 day moving average of $26.49 and a 200-day moving average of $24.33. The firm has a market cap of $27.62 billion, a PE ratio of 8.52 and a beta of 2.10. ArcelorMittal has a 12-month low of $18.51 and a 12-month high of $28.11.
ArcelorMittal (NYSE:MT) last issued its earnings results on Thursday, July 27th. The basic materials company reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.55. ArcelorMittal had a net margin of 5.50% and a return on equity of 10.52%. The company had revenue of $17.24 billion for the quarter, compared to the consensus estimate of $16.88 billion. During the same quarter in the previous year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. Equities research analysts forecast that ArcelorMittal will post $3.14 EPS for the current fiscal year.
A number of research analysts have recently issued reports on MT shares. Cowen and Company downgraded shares of ArcelorMittal from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $32.00 to $27.00 in a research report on Friday, September 22nd. Jefferies Group LLC restated a “buy” rating on shares of ArcelorMittal in a research report on Monday, September 18th. Zacks Investment Research downgraded shares of ArcelorMittal from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Deutsche Bank AG restated a “buy” rating on shares of ArcelorMittal in a research report on Thursday, August 17th. Finally, ValuEngine upgraded shares of ArcelorMittal from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $30.77.
ArcelorMittal Company Profile
ArcelorMittal SA (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.
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