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Shares of ArcelorMittal S.A. (NYSE:MT - Get Rating) have received a consensus rating of "Moderate Buy" from the ten brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $39.35.
MT has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft decreased their price target on ArcelorMittal from €38.00 ($38.78) to €37.00 ($37.76) in a research note on Monday, August 1st. StockNews.com lowered ArcelorMittal from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 29th. JPMorgan Chase & Co. raised their price objective on ArcelorMittal from €30.50 ($31.12) to €31.00 ($31.63) in a research note on Monday, August 1st. UBS Group reduced their price objective on ArcelorMittal from €38.00 ($38.78) to €27.00 ($27.55) in a research note on Tuesday, July 26th. Finally, Morgan Stanley raised their price objective on ArcelorMittal from €46.00 ($46.94) to €46.10 ($47.04) and gave the stock an "overweight" rating in a research note on Thursday, June 23rd.Institutional Trading of ArcelorMittal
A number of hedge funds have recently modified their holdings of the business. Verition Fund Management LLC raised its holdings in shares of ArcelorMittal by 16.9% during the second quarter. Verition Fund Management LLC now owns 9,328 shares of the basic materials company's stock worth $211,000 after acquiring an additional 1,351 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of ArcelorMittal during the second quarter worth $240,000. Captrust Financial Advisors raised its holdings in shares of ArcelorMittal by 90.2% during the second quarter. Captrust Financial Advisors now owns 2,627 shares of the basic materials company's stock worth $59,000 after acquiring an additional 1,246 shares in the last quarter. Caption Management LLC purchased a new stake in shares of ArcelorMittal during the second quarter worth $339,000. Finally, Creative Planning raised its holdings in shares of ArcelorMittal by 6.3% during the second quarter. Creative Planning now owns 9,063 shares of the basic materials company's stock worth $205,000 after acquiring an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 10.00% of the company's stock. ArcelorMittal Stock Performance
Shares of NYSE MT opened at $22.51 on Tuesday. The stock has a fifty day moving average price of $23.53 and a two-hundred day moving average price of $28.05. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.68 and a current ratio of 1.58. The firm has a market cap of $21.11 billion, a P/E ratio of 1.36 and a beta of 1.93. ArcelorMittal has a 1 year low of $20.86 and a 1 year high of $37.87.
ArcelorMittal (NYSE:MT - Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The basic materials company reported $4.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.19 by $0.05. The firm had revenue of $22.14 billion during the quarter, compared to analyst estimates of $21.75 billion. ArcelorMittal had a return on equity of 31.17% and a net margin of 19.66%. The firm's quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the company posted $3.46 EPS. Research analysts forecast that ArcelorMittal will post 12.48 EPS for the current fiscal year. ArcelorMittal Company Profile (Get Rating)
ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in Europe, North and South America, Asia, and Africa. Its principal steel products include semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, which includes blooms and billets; finished long products, including bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.Featured ArticlesGet a free copy of the StockNews.com research report on ArcelorMittal (MT)Forget Bitcoin, Block’s Ecosystems are the Real Growth Drivers What Does an Inverted Yield Curve Mean For You?SPY vs. QQQ: Which ETF Wins in 2022?Could Snap Stock Rebound As Management Restructures?MarketBeat: Week in Review 8/29 – 9/2
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