ArcelorMittal SA (ADR) (MT) Trades at $20.55 After Triangle; Cyrus Capital Partners LP Has Increased Its Ally Finl (ALLY) Stake

June 19, 2017 - By Stephen Andrade

Cyrus Capital Partners Lp increased Ally Finl Inc (ALLY) stake by 28.66% reported in 2016Q4 SEC filing. Cyrus Capital Partners Lp acquired 2.05 million shares as Ally Finl Inc (ALLY)’s stock declined 19.04%. The Cyrus Capital Partners Lp holds 9.20 million shares with $175.02 million value, up from 7.15 million last quarter. Ally Finl Inc now has $9.29B valuation. It closed at $20.37 lastly. It is down 12.72% since June 19, 2016 and is uptrending. It has underperformed by 3.98% the S&P500.

ArcelorMittal SA (ADR) (MT) formed triangle with $21.78 target or 6.00% above today’s $20.55 share price. ArcelorMittal SA (ADR) (MT) has $20.35B valuation. About 59,900 shares traded. ArcelorMittal SA (ADR) (NYSE:MT) has risen 67.93% since June 19, 2016 and is uptrending. It has outperformed by 51.23% the S&P500.

Among 15 analysts covering Arcelormittal (NYSE:MT), 12 have Buy rating, 1 Sell and 2 Hold. Therefore 80% are positive. Arcelormittal had 38 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Underweight” rating by JP Morgan on Monday, April 18. The stock has “Outperform” rating by RBC Capital Markets on Friday, November 25. As per Friday, August 19, the company rating was upgraded by JP Morgan. The firm has “Neutral” rating by JP Morgan given on Thursday, August 27. As per Wednesday, April 20, the company rating was upgraded by Jefferies. The company was upgraded on Friday, May 26 by Macquarie Research. The stock of ArcelorMittal SA (ADR) (NYSE:MT) earned “Outperform” rating by Cowen & Co on Thursday, March 23. The stock of ArcelorMittal SA (ADR) (NYSE:MT) has “Buy” rating given on Thursday, March 31 by Berenberg. The rating was downgraded by HSBC on Monday, December 7 to “Hold”. Citigroup upgraded it to “Buy” rating and $5.40 target in Wednesday, June 1 report.

Among 15 analysts covering Ally Financial (NYSE:ALLY), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. Ally Financial had 22 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Barclays Capital given on Monday, November 2. The stock of Ally Financial Inc (NYSE:ALLY) has “Buy” rating given on Wednesday, May 31 by BMO Capital Markets. The stock of Ally Financial Inc (NYSE:ALLY) earned “Neutral” rating by Bank of America on Friday, April 8. On Wednesday, February 3 the stock rating was maintained by Compass Point with “Buy”. BMO Capital Markets upgraded Ally Financial Inc (NYSE:ALLY) on Wednesday, September 16 to “Outperform” rating. Wood maintained it with “Buy” rating and $24 target in Friday, April 7 report. The firm has “Buy” rating given on Wednesday, September 2 by Zacks. The stock of Ally Financial Inc (NYSE:ALLY) earned “Buy” rating by Deutsche Bank on Wednesday, May 4. Sandler O’Neill downgraded the shares of ALLY in report on Tuesday, February 28 to “Hold” rating. Credit Suisse upgraded Ally Financial Inc (NYSE:ALLY) on Wednesday, July 29 to “Outperform” rating.