Ellington Financial LLC is a specialty finance Company that acquires and manages mortgage-related and other financial assets. The company has market cap of $498.88 million.
The stock of ArcelorMittal SA (ADR) (NYSE:MT) is a huge mover today! About 10.81 million shares traded. ArcelorMittal SA (ADR) (NYSE:MT) has risen 36.46% since August 15, 2016 and is uptrending. It has outperformed by 29.44% the S&P500.The move comes after 9 months positive chart setup for the $26.83 billion company. It was reported on Mar, 22 by Barchart.com. We have $9.53 PT which if reached, will make NYSE:MT worth $2.41 billion more.
Analysts await ArcelorMittal SA (ADR) (NYSE:MT) to report earnings on May, 5. They expect $0.21 earnings per share, up 310.00% or $0.31 from last year’s $-0.1 per share. MT’s profit will be $644.66M for 10.40 P/E if the $0.21 EPS becomes a reality. After $0.16 actual earnings per share reported by ArcelorMittal SA (ADR) for the previous quarter, Wall Street now forecasts 31.25% EPS growth.
Among 14 analysts covering Arcelormittal (NYSE:MT), 9 have Buy rating, 1 Sell and 4 Hold. Therefore 64% are positive. Arcelormittal had 34 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by UBS on Monday, December 19 to “Sell”. The rating was upgraded by RBC Capital Markets to “Outperform” on Friday, November 25. As per Friday, October 9, the company rating was upgraded by JP Morgan. The company was initiated on Wednesday, October 14 by Berenberg. The company was upgraded on Friday, February 10 by Bank of America. The rating was upgraded by Jefferies to “Buy” on Wednesday, April 20. The firm earned “Underweight” rating on Monday, April 18 by JP Morgan. The stock of ArcelorMittal SA (ADR) (NYSE:MT) has “Sector Perform” rating given on Friday, December 18 by RBC Capital Markets. As per Thursday, March 31, the company rating was upgraded by Berenberg. The firm earned “Buy” rating on Monday, October 5 by Citigroup.
ArcelorMittal SA is a Luxembourg- based holding company. The company has market cap of $26.83 billion. It is an integrated steel and mining company. It has a 17.59 P/E ratio. It operates through five divisions: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States and Mining.
Analysts await Ellington Financial LLC (NYSE:EFC) to report earnings on May, 4. They expect $0.31 earnings per share, down 11.43% or $0.04 from last year’s $0.35 per share. EFC’s profit will be $9.88 million for 12.62 P/E if the $0.31 EPS becomes a reality. After $0.27 actual earnings per share reported by Ellington Financial LLC for the previous quarter, Wall Street now forecasts 14.81% EPS growth.
Greenwich Investment Management Inc. holds 4.12% of its portfolio in Ellington Financial LLC for 260,085 shares. Reservoir Operations L.P. owns 183,210 shares or 3.2% of their US portfolio. Moreover, Ellington Management Group Llc has 2.47% invested in the company for 1.04 million shares. The New York-based Bbr Partners Llc has invested 2.36% in the stock. Merriman Wealth Management Llc, a Washington-based fund reported 437,250 shares.
About 13,858 shares traded. Ellington Financial LLC (NYSE:EFC) has declined 11.29% since August 15, 2016 and is downtrending. It has underperformed by 18.32% the S&P500.
Ratings analysis reveals 75% of Ellington Financial’s analysts are positive. Out of 4 Wall Street analysts rating Ellington Financial, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $17.50 while the high is $23.0. The stock’s average target of $20 is 27.80% above today’s ($15.65) share price. EFC was included in 9 notes of analysts from August 10, 2015. On Thursday, April 21 the stock rating was initiated by FBR Capital with “Outperform”. Deutsche Bank maintained Ellington Financial LLC (NYSE:EFC) rating on Monday, November 9. Deutsche Bank has “Buy” rating and $22 target. The rating was maintained by Deutsche Bank with “Buy” on Monday, August 10. The stock has “Buy” rating by Maxim Group on Tuesday, October 11. The stock has “Buy” rating by Maxim Group on Monday, August 10. As per Thursday, August 13, the company rating was maintained by Maxim Group. The stock of Ellington Financial LLC (NYSE:EFC) earned “Buy” rating by Maxim Group on Thursday, February 18. FBR Capital maintained it with “Outperform” rating and $17.50 target in Friday, February 24 report.
