News coverage about Ferroglobe (NASDAQ:GSM) has been trending somewhat positive on Sunday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ferroglobe earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 46.1995484311369 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- 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)
Several research analysts have issued reports on the stock. Jefferies Group set a $19.00 price target on shares of Ferroglobe and gave the stock a “buy” rating in a research report on Monday, February 26th. BidaskClub upgraded shares of Ferroglobe from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Zacks Investment Research lowered shares of Ferroglobe from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 28th. ValuEngine lowered shares of Ferroglobe from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, Stifel Nicolaus set a $23.00 price target on shares of Ferroglobe and gave the stock a “buy” rating in a research report on Thursday, November 30th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $19.50.
Ferroglobe (NASDAQ:GSM) last posted its quarterly earnings data on Monday, February 26th. The basic materials company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Ferroglobe had a return on equity of 2.32% and a net margin of 1.45%. The firm had revenue of $468.22 million during the quarter, compared to analyst estimates of $463.41 million. During the same period in the prior year, the business posted ($0.09) EPS. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. analysts forecast that Ferroglobe will post 1.25 earnings per share for the current fiscal year.
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Ferroglobe Company Profile
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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