ArcelorMittal (MT) Given Daily Media Impact Score of 0.25
News coverage about ArcelorMittal (NYSE:MT) has trended positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ArcelorMittal earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 45.1811888421662 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- U.S. Steel Corporation’s 4Q17 Earnings: Word on Wall Street (finance.yahoo.com)
- ArcelorMittal’s (MT) “Buy” Rating Reiterated at JPMorgan Chase & Co. (americanbankingnews.com)
- What to Expect from U.S. Steel Corporation’s 4Q17 Shipments (finance.yahoo.com)
- ArcelorMittal (MT) Scheduled to Post Earnings on Wednesday (americanbankingnews.com)
- What Could Drive AK Steel’s 4Q17 Financial Performance (finance.yahoo.com)
Several research firms recently issued reports on MT. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ArcelorMittal in a research note on Friday. Bank of America raised shares of ArcelorMittal from an “underperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. ValuEngine lowered shares of ArcelorMittal from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Cowen boosted their target price on shares of ArcelorMittal from $27.00 to $32.00 and gave the stock a “market perform” rating in a research report on Monday, November 13th. Finally, Jefferies Group reissued a “buy” rating and set a $42.00 target price on shares of ArcelorMittal in a research report on Tuesday, January 9th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. ArcelorMittal has an average rating of “Buy” and a consensus price target of $36.89.
ArcelorMittal (NYSE:MT) last posted its earnings results on Friday, November 10th. The basic materials company reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.32. The business had revenue of $17.64 billion for the quarter, compared to analysts’ expectations of $17.08 billion. ArcelorMittal had a net margin of 6.04% and a return on equity of 11.57%. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share. equities analysts expect that ArcelorMittal will post 3.99 EPS for the current year.
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.
Receive News & Ratings for ArcelorMittal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArcelorMittal and related companies with MarketBeat.com's FREE daily email newsletter.