At the movement ArcelorMittal SA (ADR) (NYSE:MT) is under coverage by number of analysts. Buy rating has been given by 2 analysts to the company stock whereas 1 analyst given UNDERPERFORM rating to stock and 2 analysts given HOLD rating. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.29 on scale of 1-5. Analysts mean target price for ArcelorMittal SA (ADR) (NYSE:MT) is $9.07 while their mean recommendation is 2.60 (1=Buy, 5=sell).
If we look at stock performance in last active day trading, we see that stock has moved up 0.22% to end the day at $9.22. The current share price indicate that stock is -0.75% away from its one year high and is moving 190.85% ahead of its 52-week low.
A proposed joint venture between state-owned Steel Authority of India Ltd and ArcelorMittal SA (ADR) (NYSE:MT) to build an $897 million automotive steel plant in India has hit an impasse, with the two disagreeing on key terms, officials said. India’s biggest state-owned steel company and the world’s No. 1 producer of the metal signed a deal in May 2015 to set up a plant for automotive grades to tap rising demand in one of the world’s fastest growing steel markets and a major car export hub. After a series of failed attempts to hammer out several sticking points – the most important being a revenue-sharing formula – negotiations have come to a standstill, the sources said. A deadline to close the deal ends in May. ArcelorMittal declined to comment. A Sail spokesman said the negotiations are still in progress. Sail, which has been posting losses for seven straight quarters, was hoping the joint venture will help it move to higher grades of steel in the automotive segment, dominated by private players such as Tata Steel Ltd and JSW Steel Ltd. A separate technical tie-up between South Korean steel major Posco and Sail has also failed to take off. A collapse of the proposed joint venture with ArcelorMittal would further hamper its efforts at a turnaround, and would add to steel ministry’s headache when the government is looking to sell its stakes in three of Sail’s loss-making units.
On 16 February 2017, AECOM (NYSE:ACM) shares moved to $38.40 after starting the day at $38.69. Number of analysts are covering this stock and currently stock has got OUTPERFORM rating from 4 analysts of Thomson Reuters, 4 analysts given HOLD rating to the stock. Analyst’s mean target price for ACM is $43.50 while analysts mean recommendation is 2.00.
AECOM (NYSE:ACM) announced that it has been named to Fortune magazine’s list of the World’s Most Admired Companies for the third consecutive year. “To be recognized for the third consecutive year on Fortune’s World’s Most Admired Companies list is an exceptional accomplishment that is a testament to our employees’ talent, dedication and expertise,” said AECOM Chairman and Chief Executive Officer Michael S. Burke. “Every day, our people work to deliver innovative and transformative projects that improve quality of life, enhance communities and enable us to build a better world.”