ArcelorMittal S.A. (NYSE:MT) Receives $31.17 Average PT from Analysts

Shares of ArcelorMittal S.A. (NYSE:MT) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $31.17.

Separately, Morgan Stanley downgraded ArcelorMittal from an “overweight” rating to an “equal weight” rating in a report on Friday, February 14th.

Institutional Investors Weigh In On ArcelorMittal

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of ArcelorMittal by 68.5% in the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company’s stock valued at $34,000 after buying an additional 595 shares in the last quarter. Natixis Advisors LLC boosted its position in ArcelorMittal by 171.4% during the third quarter. Natixis Advisors LLC now owns 130,100 shares of the basic materials company’s stock worth $3,416,000 after purchasing an additional 82,164 shares during the period. Bank of New York Mellon Corp boosted its position in ArcelorMittal by 221.3% during the fourth quarter. Bank of New York Mellon Corp now owns 3,403,048 shares of the basic materials company’s stock worth $78,712,000 after purchasing an additional 2,344,020 shares during the period. Callan Family Office LLC bought a new stake in ArcelorMittal during the fourth quarter worth approximately $207,000. Finally, Vestmark Advisory Solutions Inc. bought a new stake in ArcelorMittal during the fourth quarter worth approximately $256,000. Institutional investors own 9.29% of the company’s stock.

ArcelorMittal Price Performance

Shares of NYSE MT opened at $31.60 on Wednesday. ArcelorMittal has a twelve month low of $20.52 and a twelve month high of $34.90. The company has a current ratio of 1.35, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $25.88 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 0.14 and a beta of 1.79. The firm has a 50-day moving average of $27.84 and a two-hundred day moving average of $25.45.

ArcelorMittal (NYSE:MT) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.09). ArcelorMittal had a return on equity of 4.31% and a net margin of 2.14%. As a group, analysts expect that ArcelorMittal will post 3.72 earnings per share for the current fiscal year.

ArcelorMittal Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, December 3rd. Investors of record on Thursday, November 13th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a dividend yield of 1.5%. ArcelorMittal’s payout ratio is 25.45%.

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.