Shares of ArcelorMittal SA (NYSE:MT) have been assigned an average recommendation of “Buy” from the sixteen research firms that are currently covering the stock, MarketBeat.com reports. Four 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 analysts that have covered the stock in the last year is $36.83.
MT has been the topic of a number of research reports. UBS Group restated a “buy” rating on shares of ArcelorMittal in a research note on Thursday, October 26th. Zacks Investment Research upgraded ArcelorMittal from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Jefferies Group restated a “buy” rating and issued a $42.00 price objective on shares of ArcelorMittal in a research note on Tuesday. Cowen boosted their price objective on ArcelorMittal from $27.00 to $32.00 and gave the company a “market perform” rating in a research note on Monday, November 13th. Finally, TheStreet cut ArcelorMittal from a “b-” rating to a “c+” rating in a research note on Friday, November 10th.
Institutional investors and hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC increased its position in shares of ArcelorMittal by 24.9% during the second quarter. Quadrant Capital Group LLC now owns 7,412 shares of the basic materials company’s stock valued at $157,000 after buying an additional 1,479 shares during the period. Rathbone Brothers plc bought a new stake in shares of ArcelorMittal during the third quarter valued at about $202,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of ArcelorMittal during the third quarter valued at about $228,000. SG Americas Securities LLC bought a new stake in shares of ArcelorMittal during the third quarter valued at about $229,000. Finally, Advisor Group Inc. increased its position in shares of ArcelorMittal by 160.6% during the second quarter. Advisor Group Inc. now owns 10,147 shares of the basic materials company’s stock valued at $230,000 after buying an additional 6,253 shares during the period. Hedge funds and other institutional investors own 4.11% of the company’s stock.
Shares of ArcelorMittal (NYSE:MT) traded up $0.29 during trading on Wednesday, reaching $37.16. The company had a trading volume of 2,468,133 shares, compared to its average volume of 3,230,000. ArcelorMittal has a fifty-two week low of $19.59 and a fifty-two week high of $37.32. The company has a market cap of $37,100.00, a PE ratio of 9.68, a P/E/G ratio of 0.76 and a beta of 2.21. The company has a quick ratio of 0.44, a current ratio of 1.21 and a debt-to-equity ratio of 0.24.
ArcelorMittal (NYSE:MT) last announced its quarterly earnings data on Friday, November 10th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.32. ArcelorMittal had a return on equity of 11.57% and a net margin of 6.04%. The business had revenue of $17.64 billion for the quarter, compared to analysts’ expectations of $17.08 billion. During the same period in the previous year, the business posted $0.22 EPS. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. research analysts predict that ArcelorMittal will post 3.87 earnings per share for the current fiscal year.
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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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