ArcelorMittal SA (NYSE:MT) has been assigned a consensus recommendation of “Hold” from the twenty-five ratings firms that are presently covering the company. Two investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $5.15.
MT has been the subject of a number of research reports. Berenberg Bank set a €4.70 ($5.34) price objective on ArcelorMittal SA and gave the company a “buy” rating in a research report on Friday, May 6th. Vetr cut ArcelorMittal SA from a “strong-buy” rating to a “buy” rating and set a $5.70 price objective for the company. in a research report on Monday, July 11th. Citigroup Inc. reiterated a “buy” rating on shares of ArcelorMittal SA in a research report on Wednesday, June 29th. Goldman Sachs Group Inc. cut ArcelorMittal SA from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, June 28th. Finally, Jefferies Group reiterated a “buy” rating on shares of ArcelorMittal SA in a research report on Wednesday, August 3rd.
Shares of ArcelorMittal SA (NYSE:MT) opened at 6.08 on Wednesday. The stock’s 50 day moving average price is $6.03 and its 200-day moving average price is $5.06. The company’s market cap is $18.59 billion. ArcelorMittal SA has a 12 month low of $2.93 and a 12 month high of $7.93.
ArcelorMittal SA (NYSE:MT) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.35. The business had revenue of $14.74 billion for the quarter, compared to the consensus estimate of $15.23 billion. During the same period in the previous year, the company earned $0.10 earnings per share. The company’s revenue for the quarter was down 12.7% compared to the same quarter last year. Equities research analysts expect that ArcelorMittal SA will post $0.45 earnings per share for the current year.
ArcelorMittal SA (ArcelorMittal) is a holding company. The Company is an integrated steel and mining company. ArcelorMittal operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA segment produces flat, long and tubular products.
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