ArcelorMittal S.A. (NYSE:MT – Get Free Report) has earned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $30.30.
A number of research firms have recently commented on MT. Deutsche Bank Aktiengesellschaft upgraded shares of ArcelorMittal from a “hold” rating to a “buy” rating and raised their price objective for the company from $29.00 to $31.00 in a research report on Wednesday, August 28th. Barclays upgraded shares of ArcelorMittal from an “equal weight” rating to an “overweight” rating in a research report on Monday, August 19th.
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Institutional Investors Weigh In On ArcelorMittal
ArcelorMittal Trading Up 1.1 %
NYSE:MT opened at $22.38 on Friday. ArcelorMittal has a 1 year low of $20.52 and a 1 year high of $29.01. The stock’s fifty day moving average price is $22.55 and its two-hundred day moving average price is $24.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.53 and a quick ratio of 0.66. The company has a market cap of $18.02 billion, a P/E ratio of 25.15, a P/E/G ratio of 0.38 and a beta of 1.76.
ArcelorMittal (NYSE:MT – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.49). The company had revenue of $16.25 billion for the quarter, compared to analysts’ expectations of $16.32 billion. ArcelorMittal had a positive return on equity of 6.00% and a negative net margin of 0.93%. The business’s revenue for the quarter was down 12.7% on a year-over-year basis. During the same period last year, the company posted $2.20 EPS. As a group, analysts expect that ArcelorMittal will post 3.51 EPS for the current year.
ArcelorMittal Company Profile
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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