Media headlines about Ferroglobe (NASDAQ:GSM) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ferroglobe earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 46.1995484311369 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Ferroglobe PLC (GSM) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- OppenheimerFunds Inc. Takes $20.25 Million Position in Ferroglobe PLC (GSM) (americanbankingnews.com)
- Ferroglobe PLC — Moody’s assigns B1 CFR to Ferroglobe and B3 rating to its Unsecured Notes; stable outlook (finance.yahoo.com)
- Brokers Offer Predictions for Ferroglobe PLC’s Q1 2018 Earnings (GSM) (americanbankingnews.com)
- Ferroglobe (GSM) Downgraded by ValuEngine (americanbankingnews.com)
A number of equities research analysts have issued reports on GSM shares. Jefferies Group set a $18.00 target price on shares of Ferroglobe and gave the company a “buy” rating in a research note on Tuesday, November 28th. BidaskClub raised shares of Ferroglobe from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. B. Riley reissued a “buy” rating and set a $20.00 target price (up previously from $16.00) on shares of Ferroglobe in a research note on Wednesday, November 22nd. ValuEngine lowered shares of Ferroglobe from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Finally, Stifel Nicolaus set a $23.00 target price on shares of Ferroglobe and gave the company a “buy” rating in a research note on Thursday, November 30th. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $19.50.
Ferroglobe (NASDAQ:GSM) last issued its earnings results on Monday, February 26th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $468.22 million for the quarter, compared to analyst estimates of $463.41 million. Ferroglobe had a net margin of 1.45% and a return on equity of 2.32%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the business earned ($0.09) EPS. equities research analysts expect that Ferroglobe will post 1.25 earnings per share for the current fiscal year.
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Ferroglobe PLC, formerly VeloNewco Limited, is engaged in silicon and specialty metals industry. The Company produces silicon metal and silicon- and manganese-based alloy, which serves customers in the chemical, aluminum, solar, steel and ductile iron foundry industries. It operates through two segments: Electrometallurgy and Energy.
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