ArcelorMittal SA (NYSE:MT) has earned a consensus recommendation of “Buy” from the sixteen ratings firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $36.83.
MT has been the subject of several research reports. UBS Group reaffirmed a “buy” rating on shares of ArcelorMittal in a research note on Thursday, October 26th. Zacks Investment Research raised ArcelorMittal from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Jefferies Group reaffirmed a “buy” rating and issued a $42.00 target price on shares of ArcelorMittal in a research note on Tuesday. Cowen upped their target price on ArcelorMittal from $27.00 to $32.00 and gave the stock a “market perform” rating in a research note on Monday, November 13th. Finally, TheStreet lowered ArcelorMittal from a “b-” rating to a “c+” rating in a research note on Friday, November 10th.
Shares of ArcelorMittal (NYSE MT) traded up $0.29 during midday trading on Wednesday, hitting $37.16. The stock had a trading volume of 2,468,133 shares, compared to its average volume of 3,230,000. ArcelorMittal has a 52 week low of $19.59 and a 52 week high of $37.32. The company has a quick ratio of 0.44, a current ratio of 1.21 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $37,100.00, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 0.76 and a beta of 2.21.
ArcelorMittal (NYSE:MT) last issued its quarterly earnings data on Friday, November 10th. The basic materials company reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.32. The company had revenue of $17.64 billion during the quarter, compared to analyst estimates of $17.08 billion. ArcelorMittal had a return on equity of 11.57% and a net margin of 6.04%. ArcelorMittal’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 earnings per share. analysts anticipate that ArcelorMittal will post 3.87 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of MT. Cambiar Investors LLC boosted its stake in shares of ArcelorMittal by 4.7% during the third quarter. Cambiar Investors LLC now owns 5,283,658 shares of the basic materials company’s stock valued at $136,107,000 after purchasing an additional 237,033 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of ArcelorMittal by 32.0% during the third quarter. Dimensional Fund Advisors LP now owns 2,341,298 shares of the basic materials company’s stock valued at $60,312,000 after purchasing an additional 567,841 shares during the period. TIAA CREF Investment Management LLC purchased a new stake in shares of ArcelorMittal during the second quarter valued at approximately $13,408,000. Alpine Woods Capital Investors LLC boosted its stake in shares of ArcelorMittal by 71.3% during the third quarter. Alpine Woods Capital Investors LLC now owns 531,000 shares of the basic materials company’s stock valued at $13,679,000 after purchasing an additional 221,001 shares during the period. Finally, State Street Corp purchased a new stake in shares of ArcelorMittal during the second quarter valued at approximately $8,658,000. 4.11% of the stock is owned by institutional investors and hedge funds.
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ArcelorMittal Company Profile
ArcelorMittal SA (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.
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