A number of other research firms also recently issued reports on MT. Citigroup Inc. restated a buy rating on shares of ArcelorMittal SA in a research report on Thursday, July 28th. Vetr upgraded shares of ArcelorMittal SA from a buy rating to a strong-buy rating and set a $5.70 price target on the stock in a research report on Wednesday, June 22nd. Cowen and Company raised their price target on shares of ArcelorMittal SA from $6.00 to $8.00 and gave the stock a market perform rating in a research report on Wednesday, August 3rd. Clarkson Capital upgraded shares of ArcelorMittal SA from a neutral rating to a buy rating in a research report on Tuesday, August 9th. Finally, Goldman Sachs Group Inc. downgraded shares of ArcelorMittal SA from a conviction-buy rating to a buy rating in a research report on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. ArcelorMittal SA has a consensus rating of Hold and an average price target of $5.40.
ArcelorMittal SA (NYSE:MT) opened at 5.99 on Friday. The firm’s market capitalization is $18.32 billion. ArcelorMittal SA has a 52 week low of $2.93 and a 52 week high of $6.94. The stock’s 50 day moving average is $6.02 and its 200-day moving average is $5.43.
ArcelorMittal SA (NYSE:MT) last released its quarterly earnings results on Friday, July 29th. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.35. The business earned $14.74 billion during the quarter, compared to analyst estimates of $15.23 billion. ArcelorMittal SA had a negative net margin of 11.61% and a positive return on equity of 0.62%. The business’s revenue was down 12.7% on a year-over-year basis. During the same period last year, the business earned $0.10 EPS. On average, equities research analysts expect that ArcelorMittal SA will post ($0.05) EPS for the current year.
Several hedge funds have recently bought and sold shares of the company. Eagle Asset Management Inc. boosted its stake in ArcelorMittal SA by 71.3% in the second quarter. Eagle Asset Management Inc. now owns 24,632 shares of the company’s stock valued at $114,000 after buying an additional 10,250 shares in the last quarter. Creative Planning boosted its stake in ArcelorMittal SA by 94.2% in the second quarter. Creative Planning now owns 1,364,117 shares of the company’s stock worth $6,357,000 after buying an additional 661,543 shares during the period. Berson & Corrado Investment Advisors LLC acquired a new stake in ArcelorMittal SA during the second quarter worth about $146,000. BNP Paribas Arbitrage SA boosted its stake in ArcelorMittal SA by 87.5% in the second quarter. BNP Paribas Arbitrage SA now owns 50,381 shares of the company’s stock worth $235,000 after buying an additional 23,518 shares during the period. Finally, A.R.T. Advisors LLC acquired a new stake in ArcelorMittal SA during the first quarter worth about $3,691,000. Institutional investors and hedge funds own 3.88% of the company’s stock.
About ArcelorMittal SA
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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