ArcelorMittal (MT) Earning Somewhat Positive News Coverage, Study Shows

Media headlines about ArcelorMittal (NYSE:MT) have trended somewhat positive on Saturday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. 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 news sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 46.6285185175204 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

ArcelorMittal (NYSE:MT) traded up $0.07 during trading hours on Friday, reaching $35.03. 1,890,000 shares of the company’s stock were exchanged, compared to its average volume of 3,780,000. The firm has a market cap of $35,520.00, a P/E ratio of 7.85, a PEG ratio of 0.71 and a beta of 2.32. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.25 and a quick ratio of 0.41. ArcelorMittal has a twelve month low of $19.59 and a twelve month high of $37.50.

ArcelorMittal (NYSE:MT) last released its earnings results on Wednesday, January 31st. The basic materials company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The business had revenue of $17.71 billion during the quarter, compared to the consensus estimate of $18.34 billion. ArcelorMittal had a net margin of 6.65% and a return on equity of 12.03%. During the same quarter in the prior year, the firm posted $0.39 EPS. research analysts expect that ArcelorMittal will post 3.69 EPS for the current fiscal year.

Several research firms have recently issued reports on MT. Bank of America raised ArcelorMittal from a “neutral” rating to a “buy” rating in a research note on Tuesday. Cowen upped their price objective on ArcelorMittal from $27.00 to $32.00 and gave the company a “market perform” rating in a research note on Monday, November 13th. Goldman Sachs Group reaffirmed a “buy” rating on shares of ArcelorMittal in a research note on Monday, February 19th. Jefferies Group reaffirmed a “buy” rating and issued a $42.00 price objective on shares of ArcelorMittal in a research note on Tuesday, January 9th. Finally, Zacks Investment Research downgraded ArcelorMittal from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $36.89.

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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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