ArcelorMittal (NYSE:MT) Stock Has Consensus Target Price of $74.80

Posted by Geri Gentry on Sep 25th, 2026

ArcelorMittal (NYSE:MT – Get Free Report) has been assigned an average recommendation of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $74.80.

MT has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of ArcelorMittal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, September 11th. Citigroup reiterated a “buy” rating on shares of ArcelorMittal in a research report on Tuesday, August 4th. Morgan Stanley initiated coverage on ArcelorMittal in a report on Monday, August 24th. They issued an “overweight” rating and a $82.00 price objective for the company. Wells Fargo & Company raised their target price on ArcelorMittal from $62.00 to $69.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ArcelorMittal in a research note on Friday, September 4th.

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ArcelorMittal Stock Performance

MT stock opened at $71.22 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.57 and a current ratio of 1.43. The stock has a market capitalization of $55.20 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 0.53 and a beta of 1.55. ArcelorMittal has a 1 year low of $35.63 and a 1 year high of $79.68. The stock’s fifty day moving average is $72.50 and its two-hundred day moving average is $65.02.

ArcelorMittal (NYSE:MT – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.28). The firm had revenue of $16.76 billion for the quarter, compared to the consensus estimate of $17.56 billion. ArcelorMittal had a return on equity of 4.20% and a net margin of 2.88%.The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.32 EPS. On average, research analysts predict that ArcelorMittal will post 4.41 EPS for the current year.

Institutional Investors Weigh In On ArcelorMittal

Hedge funds and other institutional investors have recently modified their holdings of the stock. Maple Rock Capital Partners Inc. lifted its stake in shares of ArcelorMittal by 54.9% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 2,190,860 shares of the basic materials company’s stock worth $131,934,000 after acquiring an additional 776,595 shares during the period. First Trust Advisors LP increased its stake in shares of ArcelorMittal by 275.8% during the first quarter. First Trust Advisors LP now owns 55,311 shares of the basic materials company’s stock valued at $2,875,000 after acquiring an additional 40,593 shares during the period. Quantinno Capital Management LP increased its stake in shares of ArcelorMittal by 11.7% during the first quarter. Quantinno Capital Management LP now owns 335,931 shares of the basic materials company’s stock valued at $17,461,000 after acquiring an additional 35,298 shares during the period. Icon Advisers Inc. Co. raised its holdings in ArcelorMittal by 140.7% during the first quarter. Icon Advisers Inc. Co. now owns 65,000 shares of the basic materials company’s stock worth $3,379,000 after purchasing an additional 38,000 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in ArcelorMittal by 822.3% during the second quarter. TD Waterhouse Canada Inc. now owns 16,491 shares of the basic materials company’s stock worth $978,000 after purchasing an additional 14,703 shares in the last quarter. 9.29% of the stock is currently owned by institutional investors.

About ArcelorMittal

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ArcelorMittal SA is a global steel and mining company with operations spanning the Americas, Europe and Africa. The company produces and sells steel products for industries including automotive, construction, infrastructure, energy, packaging and general manufacturing.

Its portfolio includes flat steel, long steel, tubular products and tailored solutions designed for specific industrial applications. ArcelorMittal also operates iron ore mining and processing activities, which supply raw materials for its steelmaking operations and support its vertically integrated business model.

ArcelorMittal was formed in 2006 through the merger of Arcelor and Mittal Steel.