Mechel PAO (MTL) Given Average Rating of “Hold” by Analysts

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Mechel PAO (NYSE:MTL) has earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Brokerages have set a 1 year consensus price target of $2.70 for the company, according to Zacks. Zacks has also given Mechel PAO an industry rank of 57 out of 255 based on the ratings given to its competitors.

Separately, Citigroup raised shares of Mechel PAO from a “sell” rating to a “neutral” rating and decreased their target price for the stock from $3.25 to $3.00 in a research report on Wednesday, September 19th.

A hedge fund recently raised its stake in Mechel PAO stock. Northern Trust Corp boosted its holdings in Mechel PAO (NYSE:MTL) by 12.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 492,494 shares of the basic materials company’s stock after buying an additional 53,621 shares during the period. Northern Trust Corp owned approximately 0.24% of Mechel PAO worth $1,541,000 at the end of the most recent reporting period. 5.29% of the stock is owned by hedge funds and other institutional investors.

MTL opened at $3.06 on Wednesday. The company has a current ratio of 0.15, a quick ratio of 0.06 and a debt-to-equity ratio of -0.08. Mechel PAO has a 1 year low of $2.30 and a 1 year high of $5.60.

About Mechel PAO

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. Its Mining segment produces and sells coking, metallurgical, and steam coal; coke; chemical products, including coal tar, coal benzene, and other compounds; and iron ore and iron ore concentrates, as well as offers sea, rail, and motor transportation logistics services to third parties.

See Also: Initial Public Offering (IPO)

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