MT has been the topic of a number of other reports. JPMorgan Chase & Co. upgraded ArcelorMittal SA from an underweight rating to a neutral rating and increased their target price for the stock from $2.93 to $6.55 in a report on Friday, August 19th. Clarkson Capital upgraded ArcelorMittal SA from a neutral rating to a buy rating in a report on Tuesday, August 9th. TheStreet upgraded ArcelorMittal SA from a sell rating to a hold rating in a report on Friday, July 29th. Vetr reiterated a hold rating and issued a $5.90 target price on shares of ArcelorMittal SA in a report on Monday, August 15th. Finally, Cowen and Company increased their target price on ArcelorMittal SA from $6.00 to $8.00 and gave the stock a market perform rating in a report on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $5.40.
ArcelorMittal SA (NYSE:MT) opened at 6.27 on Friday. The company’s market cap is $19.17 billion. The company’s 50-day moving average is $6.00 and its 200 day moving average is $5.49. ArcelorMittal SA has a 1-year low of $2.93 and a 1-year high of $6.59.
ArcelorMittal SA (NYSE:MT) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.35. The firm had revenue of $14.74 billion for the quarter, compared to analysts’ expectations of $15.23 billion. ArcelorMittal SA had a positive return on equity of 0.62% and a negative net margin of 11.61%. The company’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 EPS. On average, equities analysts predict that ArcelorMittal SA will post ($0.05) EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Baird Financial Group Inc. increased its stake in shares of ArcelorMittal SA by 7.9% in the second quarter. Baird Financial Group Inc. now owns 19,609 shares of the company’s stock worth $112,000 after buying an additional 1,440 shares during the period. Fifth Third Bancorp increased its stake in shares of ArcelorMittal SA by 70.0% in the second quarter. Fifth Third Bancorp now owns 21,760 shares of the company’s stock worth $101,000 after buying an additional 8,960 shares during the period. Rhumbline Advisers increased its stake in shares of ArcelorMittal SA by 45.1% in the second quarter. Rhumbline Advisers now owns 22,952 shares of the company’s stock worth $107,000 after buying an additional 7,133 shares during the period. Reynolds Capital Management LLC acquired a new stake in shares of ArcelorMittal SA during the first quarter worth about $106,000. Finally, Cypress Wealth Advisors LLC increased its stake in shares of ArcelorMittal SA by 4.8% in the first quarter. Cypress Wealth Advisors LLC now owns 23,763 shares of the company’s stock worth $109,000 after buying an additional 1,089 shares during the period. Hedge funds and other institutional investors own 3.88% of the company’s stock.
ArcelorMittal SA Company Profile
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.
Receive News & Ratings for ArcelorMittal SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArcelorMittal SA and related companies with MarketBeat.com's FREE daily email newsletter.