News articles about ArcelorMittal (NYSE:MT) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of 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 0.14 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 46.1687982932686 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
ArcelorMittal (NYSE:MT) opened at 29.13 on Friday. The firm has a 50-day moving average of $27.23 and a 200 day moving average of $24.62. ArcelorMittal has a 12 month low of $18.84 and a 12 month high of $30.50. The stock has a market cap of $29.71 billion, a PE ratio of 9.17 and a beta of 2.10.
ArcelorMittal (NYSE:MT) last released its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.55. The company had revenue of $17.24 billion during the quarter, compared to analyst estimates of $16.88 billion. ArcelorMittal had a net margin of 5.50% and a return on equity of 10.52%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 earnings per share. Analysts anticipate that ArcelorMittal will post $3.30 EPS for the current year.
A number of analysts have recently issued reports on MT shares. Jefferies Group LLC restated a “buy” rating and set a $34.00 price target (up previously from $31.50) on shares of ArcelorMittal in a report on Tuesday, July 18th. ING Group upgraded shares of ArcelorMittal from a “hold” rating to a “buy” rating in a report on Friday, July 14th. Deutsche Bank AG upgraded shares of ArcelorMittal from a “hold” rating to a “buy” rating and lifted their target price for the company from $25.00 to $32.00 in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of ArcelorMittal from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Tuesday, July 11th. Finally, BidaskClub upgraded shares of ArcelorMittal from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. ArcelorMittal currently has an average rating of “Buy” and a consensus target price of $30.77.
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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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