ArcelorMittal (NYSE:MT)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank AG in a report issued on Friday.
Other equities research analysts have also issued reports about the company. The Goldman Sachs Group, Inc. restated a “buy” rating on shares of ArcelorMittal in a research report on Friday. ValuEngine lowered ArcelorMittal from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 26th. Cowen and Company lowered ArcelorMittal from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $32.00 to $27.00 in a research report on Friday, September 22nd. Zacks Investment Research lowered ArcelorMittal from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, TheStreet lowered ArcelorMittal from a “b-” rating to a “c+” rating in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $33.55.
Shares of ArcelorMittal (NYSE MT) opened at $28.09 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.21 and a quick ratio of 0.42. The stock has a market capitalization of $28,240.00, a P/E ratio of 7.01, a PEG ratio of 0.66 and a beta of 2.18. ArcelorMittal has a 52-week low of $19.59 and a 52-week high of $30.50.
ArcelorMittal (NYSE:MT) last posted its quarterly earnings results on Friday, November 10th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.32. The business had revenue of $17.64 billion during the quarter, compared to analyst estimates of $17.08 billion. ArcelorMittal had a return on equity of 11.57% and a net margin of 6.04%. The business’s revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 earnings per share. sell-side analysts predict that ArcelorMittal will post 3.76 EPS for the current fiscal year.
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Large investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its stake in ArcelorMittal by 24.9% during the second quarter. Quadrant Capital Group LLC now owns 7,412 shares of the basic materials company’s stock worth $157,000 after purchasing an additional 1,479 shares in the last quarter. Rathbone Brothers plc acquired a new position in ArcelorMittal during the third quarter worth $202,000. Campbell & CO Investment Adviser LLC acquired a new position in ArcelorMittal during the third quarter worth $228,000. SG Americas Securities LLC acquired a new position in ArcelorMittal during the third quarter worth $229,000. Finally, Sawtooth Solutions LLC acquired a new position in ArcelorMittal during the second quarter worth $206,000. Institutional investors own 3.62% of the company’s stock.
ArcelorMittal SA (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.
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