June 19, 2017

ArcelorMittal SA (ADR) (NYSE:MT) reach binding agreement concerning lease and obligation to purchase Ilva S.p.A

ArcelorMittal SA (ADR) (NYSE:MT) and Marcegaglia announce that AM Investco Italy Srl (‘AM Investco’) has concluded the exclusive negotiation phase and reached a binding agreement concerning the lease and obligation to purchase Ilva S.p.A and its subsidiaries with the Italian Government. The ancillary documentation will be completed by 30 June. Intesa Sanpaolo will formally join the consortium before transaction closing.

ArcelorMittal SA (ADR) (NYSE:MT) shares climbs 0.05% to $20.12 on Friday.

Unique opportunity to acquire a major, integrated steelmaking asset which is Europe’s largest single steel site, in Europe’s second largest steel market. Robust investment plan to materially improve Ilva’s environmental footprint and realise its full potential. Identified synergies of €310 million targeted by 2020 (excludes impact from fixed cost reductions and volume improvements). Ilva expected to be EBITDA accretive to ArcelorMittal in year one, and free cash flow accretive in year three.

Technical Stock Analysis

Shares outstanding are recorded as 995.22 million and total shares floated are 637.55 million. Current ratio which is the relationship between current assets and current liabilities, indicating the liquidity of a business is calculated as 1.20. Company’s distance from 20 day simple moving average is -6.89% and distance from 50-Day simple moving average is -10.79%.

Best time to invest in stock market is when things are on odd side, and it’s not easy how to pick stocks. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. Stock has got OUTPERFORM rating from 3 of Thomson Reuters analysts, 1 given HOLD rating to the stock and 1 given UNDERPERFORM rating. Analyst’s mean target price for MT is $29.11 while analysts mean recommendation is 2.30.

ArcelorMittal SA (ADR) (NYSE:MT) yearly performance is 33.60% and net profit margin is 5.40%. Annual EPS Growth of past 5 years is -2.30%. The current share price indicates that stock is -28.42% away from its one year high and is moving 60.45% ahead of its 52-week low.

The online vehicle auction and remarketing service Copart, Inc. (NASDAQ:CPRT) has acquired Cycle Express LLC, a California-based private company operating as National Powersport Auctions specialized in auction and remarketing services in the powersports industry, the companies announced Monday. NPA currently operates facilities in Atlanta, Cincinnati, Dallas, Philadelphia, and San Diego. “NPA is the leader in the powersports auction industry and shares our ownership mindset, commitment to challenging the norm, and focus on delivering results,” Copart’s Chief Executive Jay Adair said in the release.

On 16 June 2017, Copart, Inc. (NASDAQ:CPRT) shares moved to $31.24 after starting the day at $31.43. Stock has got OUTPERFORM rating from 1 of Thomson Reuters analysts, 8 given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for CPRT is $32.64 while analysts mean recommendation is 2.50.

At the movement Applied Materials, Inc. (NASDAQ:AMAT) is under coverage by number of analysts. Buy rating has been given by 8 analysts to the company stock whereas 0 given UNDERPERFORM rating to stock and 3 given HOLD rating. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is Mean Rating on scale of 1-5. Analysts mean target price for Applied Materials, Inc. (NASDAQ:AMAT) is $49.98 while their mean recommendation is 1.90 (1=Buy, 5=sell).

If we look at stock performance in last active day trading, we see that stock has moved shed -0.12% to end the day at $43.11. The current share price indicate that stock is -9.92% away from its one year high and is moving 94.45% ahead of its 52-week low.

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