ArcelorMittal S.A. (NYSE:MT – Get Free Report) has received an average rating of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $30.30.
Several equities analysts recently issued reports on MT shares. Barclays raised shares of ArcelorMittal from an “equal weight” rating to an “overweight” rating in a research note on Monday, August 19th. Deutsche Bank Aktiengesellschaft raised 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.
Check Out Our Latest Report on ArcelorMittal
Hedge Funds Weigh In On ArcelorMittal
ArcelorMittal Stock Up 0.6 %
MT stock opened at $24.76 on Tuesday. ArcelorMittal has a 52 week low of $20.52 and a 52 week high of $29.01. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.16. The company has a market cap of $19.94 billion, a P/E ratio of 27.82, a P/E/G ratio of 0.44 and a beta of 1.77. The company’s 50-day moving average price is $23.28 and its 200 day moving average price is $24.40.
ArcelorMittal (NYSE:MT – Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.63 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.49). ArcelorMittal had a positive return on equity of 6.00% and a negative net margin of 0.93%. The business had revenue of $16.25 billion during the quarter, compared to analysts’ expectations of $16.32 billion. During the same quarter in the prior year, the firm earned $2.20 earnings per share. ArcelorMittal’s quarterly revenue was down 12.7% on a year-over-year basis. On average, research analysts expect that ArcelorMittal will post 3.14 earnings per share for the current fiscal 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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