ArcelorMittal S.A. (NYSE:MT – Get Free Report) has received an average recommendation of “Hold” from the five analysts that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $30.30.
Several research firms have recently weighed in on MT. Deutsche Bank Aktiengesellschaft upgraded ArcelorMittal from a “hold” rating to a “buy” rating and increased their price target for the stock from $29.00 to $31.00 in a research note on Wednesday, August 28th. JPMorgan Chase & Co. downgraded ArcelorMittal from an “overweight” rating to a “neutral” rating in a research note on Friday. Finally, Barclays upgraded ArcelorMittal from an “equal weight” rating to an “overweight” rating in a research report on Monday, August 19th.
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ArcelorMittal Stock Performance
Shares of MT opened at $24.85 on Tuesday. The stock has a 50 day moving average of $23.43 and a 200 day moving average of $24.38. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.16. ArcelorMittal has a 12 month low of $20.52 and a 12 month high of $29.01. The company has a market capitalization of $20.01 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 0.53 and a beta of 1.77.
ArcelorMittal (NYSE:MT – Get Free Report) last released its earnings results on Thursday, August 1st. The basic materials company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.49). The business had revenue of $16.25 billion for the quarter, compared to the consensus estimate of $16.32 billion. ArcelorMittal had a positive return on equity of 6.00% and a negative net margin of 0.93%. The company’s revenue for the quarter was down 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.20 earnings per share. As a group, sell-side analysts forecast that ArcelorMittal will post 3 earnings per share for the current year.
About ArcelorMittal
ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in the United States, Europe, and internationally. It offers 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, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.
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