Mechel PAO (MTL) Reaches $5.17 After 9.00% Up Move; China Automotive Systems Has 2.17 Sentiment

February 15, 2018 - By Louis Casey

The stock of Mechel PAO (NYSE:MTL) is a huge mover today! The stock increased 5.94% or $0.29 during the last trading session, reaching $5.17. About 89,483 shares traded. Mechel PAO (NYSE:MTL) has risen 184.53% since February 15, 2017 and is uptrending. It has outperformed by 167.83% the S&P500.The move comes after 5 months positive chart setup for the $1.08 billion company. It was reported on Feb, 15 by We have $5.64 PT which if reached, will make NYSE:MTL worth $96.84 million more.

China Automotive Systems, Inc., through its subsidiaries, makes and sells automotive systems and components in the PeopleÂ’s Republic of China, the United States, and internationally. The company has market cap of $144.61 million. It produces rack and pinion power steering gears for cars and light duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronic systems and parts. It has a 5.71 P/E ratio. The firm is also involved in the marketing of automotive parts in North America, as well as the provision of after sales, and research and development support services.

Mechel PAO, together with its subsidiaries, engages in mining, steel, and power businesses in Russia, Asia, Europe, the Commonwealth of Independent States, the Middle East, the United States, and internationally. The company has market cap of $1.08 billion. The Company’s Mining segment produces and sells coking, metallurgical, and steam coal; coke; chemical products, including coal tar, naphthalene, and other compounds; and iron ore concentrates. It has a 4.68 P/E ratio. The companyÂ’s Steel segment produces and sells semi-finished steel products, carbon and specialty long products, and carbon and stainless flat products, as well as value-added downstream metal products, including forgings, stampings, hardware, rails, balks, and ferrosilicon.

Among 2 analysts covering Mullen Group (NYSE:MTL), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Mullen Group had 2 analyst reports since June 27, 2016 according to SRatingsIntel. The firm earned “Sell” rating on Tuesday, November 29 by Deutsche Bank. The firm earned “Buy” rating on Monday, June 27 by Summit Redstone Partners.

Stuyvesant Capital Management holds 0.49% of its portfolio in China Automotive Systems, Inc. for 46,807 shares. Hanson & Doremus Investment Management owns 86,060 shares or 0.16% of their US portfolio. Moreover, Bridgeway Capital Management Inc has 0.01% invested in the company for 116,700 shares. The California-based Sensato Investors Llc has invested 0.01% in the stock. Spark Investment Management Llc, a New York-based fund reported 47,700 shares.

Analysts await China Automotive Systems, Inc. (NASDAQ:CAAS) to report earnings on March, 29. They expect $0.21 earnings per share, up 16.67% or $0.03 from last year’s $0.18 per share. CAAS’s profit will be $6.65M for 5.44 P/E if the $0.21 EPS becomes a reality. After $0.16 actual earnings per share reported by China Automotive Systems, Inc. for the previous quarter, Wall Street now forecasts 31.25% EPS growth.

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