Shares of Mechel PAO (NYSE:MTL) have earned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Mechel PAO’s rating score has improved by 33.3% in the last 90 days as a result of various analysts’ ratings changes.
Brokerages have set a twelve-month consensus target price of $2.70 for the company, according to Zacks. Zacks has also given Mechel PAO an industry rank of 203 out of 256 based on the ratings given to related companies.
A number of analysts have recently issued reports on MTL shares. ValuEngine upgraded Mechel PAO from a “strong sell” rating to a “sell” rating in a report on Saturday, June 22nd. CIBC upgraded Mechel PAO from a “neutral” rating to an “outperformer” rating and set a $15.00 target price for the company in a report on Wednesday, July 3rd. Finally, Raymond James reiterated a “buy” rating and set a $16.00 target price on shares of Mechel PAO in a report on Monday, June 24th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC purchased a new position in Mechel PAO in the 4th quarter worth approximately $25,000. O Shaughnessy Asset Management LLC boosted its holdings in Mechel PAO by 38.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 72,757 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 20,110 shares during the period. Bank of America Corp DE boosted its holdings in Mechel PAO by 13.3% in the 4th quarter. Bank of America Corp DE now owns 392,926 shares of the basic materials company’s stock worth $778,000 after acquiring an additional 46,053 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Mechel PAO by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 537,746 shares of the basic materials company’s stock worth $1,066,000 after acquiring an additional 31,153 shares during the period. Finally, Northern Trust Corp boosted its holdings in Mechel PAO by 64.9% in the 2nd quarter. Northern Trust Corp now owns 774,370 shares of the basic materials company’s stock worth $1,617,000 after acquiring an additional 304,735 shares during the period.
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.
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