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ArcelorMittal S.A. (NYSE:MT - Get Rating) has been assigned a consensus recommendation of "Moderate Buy" from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $46.00.
MT has been the topic of several recent analyst reports. StockNews.com raised ArcelorMittal from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 17th. JPMorgan Chase & Co. lowered ArcelorMittal from an "overweight" rating to a "neutral" rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on ArcelorMittal from €48.00 ($50.53) to €49.00 ($51.58) in a research note on Friday, May 6th.
NYSE MT opened at $23.71 on Thursday. The stock's fifty day moving average is $29.69 and its two-hundred day moving average is $31.10. The firm has a market capitalization of $22.24 billion, a P/E ratio of 1.50 and a beta of 1.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.71 and a current ratio of 1.55. ArcelorMittal has a fifty-two week low of $23.33 and a fifty-two week high of $37.87.
ArcelorMittal (NYSE:MT - Get Rating) last released its quarterly earnings data on Thursday, May 5th. The basic materials company reported $4.27 earnings per share for the quarter, topping analysts' consensus estimates of $3.25 by $1.02. The company had revenue of $21.84 billion for the quarter, compared to analyst estimates of $21.11 billion. ArcelorMittal had a return on equity of 32.88% and a net margin of 20.43%. As a group, sell-side analysts forecast that ArcelorMittal will post 13.21 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James & Associates increased its holdings in ArcelorMittal by 5.6% during the 4th quarter. Raymond James & Associates now owns 56,978 shares of the basic materials company's stock worth $1,814,000 after purchasing an additional 3,044 shares during the period. Wexford Capital LP purchased a new position in shares of ArcelorMittal in the 4th quarter valued at about $2,139,000. Schonfeld Strategic Advisors LLC increased its holdings in shares of ArcelorMittal by 52.0% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 641,833 shares of the basic materials company's stock valued at $19,358,000 after acquiring an additional 219,450 shares during the last quarter. Signaturefd LLC increased its holdings in shares of ArcelorMittal by 83.8% in the 4th quarter. Signaturefd LLC now owns 8,223 shares of the basic materials company's stock valued at $262,000 after acquiring an additional 3,748 shares during the last quarter. Finally, Eagle Asset Management Inc. purchased a new position in shares of ArcelorMittal in the 4th quarter valued at about $605,000. 41.79% of the stock is currently owned by hedge funds and other institutional investors.
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.
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