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ArcelorMittal S.A. (NYSE:MT - Get Rating) has received an average recommendation of "Moderate Buy" from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $44.02.
Several analysts have weighed in on MT shares. JPMorgan Chase & Co. downgraded ArcelorMittal from an "overweight" rating to a "neutral" rating in a research note on Wednesday, June 22nd. Deutsche Bank Aktiengesellschaft decreased their target price on ArcelorMittal from $53.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, July 7th. Morgan Stanley lifted their target price on ArcelorMittal from €46.00 ($46.00) to €46.10 ($46.10) and gave the stock an "overweight" rating in a report on Thursday, June 23rd. Finally, StockNews.com upgraded ArcelorMittal from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 17th.Institutional Trading of ArcelorMittal
Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA lifted its position in shares of ArcelorMittal by 430.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,178 shares of the basic materials company's stock worth $230,000 after purchasing an additional 5,825 shares during the last quarter. Golden State Equity Partners acquired a new position in shares of ArcelorMittal during the 1st quarter worth about $314,000. Guggenheim Capital LLC lifted its position in shares of ArcelorMittal by 41.8% during the 1st quarter. Guggenheim Capital LLC now owns 26,856 shares of the basic materials company's stock worth $860,000 after purchasing an additional 7,923 shares during the last quarter. Highline Capital Management L.P. acquired a new position in shares of ArcelorMittal during the 1st quarter worth about $3,349,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of ArcelorMittal by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 856,592 shares of the basic materials company's stock worth $27,420,000 after purchasing an additional 71,185 shares during the last quarter. Institutional investors and hedge funds own 41.79% of the company's stock. ArcelorMittal Price Performance
Shares of MT opened at $21.82 on Monday. The firm has a market cap of $20.46 billion, a price-to-earnings ratio of 1.38 and a beta of 2.00. The stock has a 50 day moving average of $27.01 and a 200-day moving average of $30.08. The company has a current ratio of 1.55, a quick ratio of 0.71 and a debt-to-equity ratio of 0.11. ArcelorMittal has a 52 week low of $20.86 and a 52 week high of $37.87.
ArcelorMittal (NYSE:MT - Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The basic materials company reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.25 by $1.02. The business had revenue of $21.84 billion for the quarter, compared to the consensus estimate of $21.11 billion. ArcelorMittal had a return on equity of 32.88% and a net margin of 20.43%. As a group, analysts forecast that ArcelorMittal will post 11.83 EPS for the current 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)Hold Pfizer Today With Catalysts for Further Growth Tomorrow NVIDIA Stock is a Winding Up for a Record Setting Second HalfJohnson & Johnson Continues to Prove its Value in a Volatile Year MarketBeat: Week in Review 7/11 – 7/15Should You Have These Two Banks In Your Portfolio?
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