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

ArcelorMittal S.A. (NYSE:MT) has been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $31.17.

Several research firms recently commented on MT. Morgan Stanley downgraded shares of ArcelorMittal from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 14th. Bank of America raised shares of ArcelorMittal from a “neutral” rating to a “buy” rating and raised their price target for the company from $30.00 to $32.90 in a research note on Thursday, November 14th.

Institutional Trading of ArcelorMittal

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its stake in shares of ArcelorMittal by 89.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 536 shares during the last quarter. GAMMA Investing LLC lifted its holdings in ArcelorMittal by 68.5% in the fourth 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 during the period. US Bancorp DE boosted its position in ArcelorMittal by 5.0% during the fourth quarter. US Bancorp DE now owns 15,085 shares of the basic materials company’s stock valued at $349,000 after acquiring an additional 717 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in ArcelorMittal by 9.1% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,545 shares of the basic materials company’s stock worth $221,000 after acquiring an additional 797 shares during the period. Finally, United Capital Financial Advisors LLC grew its holdings in ArcelorMittal by 11.5% during the 4th quarter. United Capital Financial Advisors LLC now owns 10,940 shares of the basic materials company’s stock worth $253,000 after acquiring an additional 1,129 shares during the period. Institutional investors and hedge funds own 9.29% of the company’s stock.

ArcelorMittal Stock Up 0.1 %

Shares of MT opened at $27.82 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 1.35. ArcelorMittal has a 52 week low of $20.52 and a 52 week high of $29.38. The stock has a market capitalization of $22.79 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 0.14 and a beta of 1.74. The stock has a fifty day moving average of $24.67 and a 200-day moving average of $24.38.

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

About ArcelorMittal

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.