Media stories about ArcelorMittal (NYSE:MT) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ArcelorMittal earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 45.5852866733879 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have effected Accern’s analysis:
Several equities research analysts have issued reports on the stock. Deutsche Bank reissued a “buy” rating on shares of ArcelorMittal in a research report on Friday, November 17th. ValuEngine cut shares of ArcelorMittal from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. UBS Group reaffirmed a “buy” rating on shares of ArcelorMittal in a report on Thursday, October 26th. Zacks Investment Research lowered shares of ArcelorMittal from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Cowen reiterated a “hold” rating and set a $35.00 target price on shares of ArcelorMittal in a research note on Thursday, January 4th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $36.89.
Shares of ArcelorMittal (NYSE:MT) traded up $0.71 during midday trading on Wednesday, reaching $34.69. 2,650,271 shares of the company’s stock were exchanged, compared to its average volume of 3,433,200. The company has a quick ratio of 0.41, a current ratio of 1.25 and a debt-to-equity ratio of 0.25. ArcelorMittal has a 52 week low of $19.59 and a 52 week high of $37.50. The firm has a market cap of $33,920.00, a P/E ratio of 7.71, a price-to-earnings-growth ratio of 0.68 and a beta of 2.32.
ArcelorMittal (NYSE:MT) last posted its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. ArcelorMittal had a net margin of 6.65% and a return on equity of 12.03%. The company had revenue of $17.71 billion during the quarter, compared to analyst estimates of $18.34 billion. During the same period in the prior year, the firm earned $0.39 earnings per share. sell-side analysts anticipate that ArcelorMittal will post 3.69 EPS for the current year.
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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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