ArcelorMittal (NYSE:MT)‘s stock had its “buy” rating reaffirmed by equities researchers at The Goldman Sachs Group, Inc. in a research report issued to clients and investors on Friday.
Other analysts have also issued research reports about the company. UBS AG raised ArcelorMittal from a “neutral” rating to a “buy” rating in a research report on Friday, October 20th. ValuEngine lowered ArcelorMittal from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 26th. BidaskClub lowered ArcelorMittal from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “buy” rating on shares of ArcelorMittal in a research report on Monday, September 18th. Finally, Cowen and Company set a $32.00 price objective on ArcelorMittal and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $33.55.
ArcelorMittal (MT) opened at $28.09 on Friday. ArcelorMittal has a twelve month low of $19.59 and a twelve month high of $30.50. The company has a market capitalization of $28,439.54, a P/E ratio of 7.01, a P/E/G ratio of 0.66 and a beta of 2.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.21 and a quick ratio of 0.42.
ArcelorMittal (NYSE:MT) last announced its 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 company had revenue of $17.64 billion for 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 firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 earnings per share. equities analysts anticipate that ArcelorMittal will post 3.76 EPS for the current fiscal year.
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A number of large investors have recently bought and sold shares of MT. Cambiar Investors LLC purchased a new position in ArcelorMittal in the second quarter valued at $114,710,000. Jane Street Group LLC boosted its stake in ArcelorMittal by 174.4% in the third quarter. Jane Street Group LLC now owns 267,704 shares of the basic materials company’s stock valued at $6,896,000 after acquiring an additional 627,661 shares in the last quarter. TIAA CREF Investment Management LLC acquired a new position in ArcelorMittal in the second quarter valued at $13,408,000. Dimensional Fund Advisors LP boosted its stake in ArcelorMittal by 32.0% in the third quarter. Dimensional Fund Advisors LP now owns 2,341,298 shares of the basic materials company’s stock valued at $60,312,000 after acquiring an additional 567,841 shares in the last quarter. Finally, State Street Corp acquired a new position in ArcelorMittal in the second quarter valued at $8,658,000. 3.62% of the stock is currently owned by hedge funds and other institutional investors.
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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