Shares of ArcelorMittal SA (NYSE:MT) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $22.57.
A number of brokerages recently commented on MT. Goldman Sachs Group raised shares of ArcelorMittal from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 12th. TheStreet downgraded shares of ArcelorMittal from a “b-” rating to a “c+” rating in a research report on Tuesday, May 21st. Finally, ValuEngine downgraded shares of ArcelorMittal from a “sell” rating to a “strong sell” rating in a research report on Friday, May 24th.
MT traded up $0.04 on Thursday, reaching $12.69. 2,438,684 shares of the company traded hands, compared to its average volume of 2,936,117. The stock’s 50 day moving average price is $16.15 and its 200-day moving average price is $19.20. ArcelorMittal has a 52-week low of $12.53 and a 52-week high of $32.73. The company has a market cap of $12.90 billion, a price-to-earnings ratio of 2.20 and a beta of 2.35. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.41 and a quick ratio of 0.52.
ArcelorMittal (NYSE:MT) last announced its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.49 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.49. ArcelorMittal had a net margin of 2.73% and a return on equity of 8.39%. The firm had revenue of $19.28 billion for the quarter, compared to the consensus estimate of $18.90 billion. During the same period in the previous year, the firm posted $1.83 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. As a group, equities research analysts forecast that ArcelorMittal will post 0.96 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. Assetmark Inc. bought a new stake in shares of ArcelorMittal during the 2nd quarter worth $30,000. Quantamental Technologies LLC boosted its holdings in shares of ArcelorMittal by 536.3% during the 2nd quarter. Quantamental Technologies LLC now owns 5,008 shares of the basic materials company’s stock worth $90,000 after buying an additional 4,221 shares during the period. NEXT Financial Group Inc boosted its holdings in shares of ArcelorMittal by 1,541.5% during the 2nd quarter. NEXT Financial Group Inc now owns 5,499 shares of the basic materials company’s stock worth $99,000 after buying an additional 5,164 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of ArcelorMittal by 4,549.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,533 shares of the basic materials company’s stock worth $113,000 after buying an additional 5,414 shares during the period. Finally, Investors Research Corp bought a new stake in shares of ArcelorMittal during the 1st quarter worth $166,000. 2.67% of the stock is owned by institutional investors.
ArcelorMittal Company Profile
ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through five segments: NAFTA, Brazil, Europe, ACIS, and Mining. The company produces finished and semi-finished steel products with various specifications.
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