ArcelorMittal SA (NYSE:MT)‘s stock had its “buy” rating reaffirmed by analysts at Citigroup Inc. in a research report issued on Tuesday.

MT has been the subject of several other reports. Jefferies Group reiterated a “buy” rating on shares of ArcelorMittal SA in a research note on Wednesday, November 9th. Credit Suisse Group AG set a $10.00 target price on ArcelorMittal SA and gave the company a “buy” rating in a research note on Wednesday, November 9th. Zacks Investment Research lowered ArcelorMittal SA from a “buy” rating to a “hold” rating in a research note on Monday. Vetr upgraded ArcelorMittal SA from a “hold” rating to a “buy” rating and set a $5.70 target price for the company in a research note on Tuesday, July 19th. Finally, TheStreet upgraded ArcelorMittal SA from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $5.58.

Analyst Recommendations for ArcelorMittal SA (NYSE:MT)

ArcelorMittal SA (NYSE:MT) opened at 7.17 on Tuesday. ArcelorMittal SA has a 52 week low of $2.93 and a 52 week high of $7.32. The stock’s market cap is $21.93 billion. The stock has a 50 day moving average price of $6.53 and a 200 day moving average price of $5.77.

ArcelorMittal SA (NYSE:MT) last released its earnings results on Tuesday, November 8th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.04. The firm earned $14.52 billion during the quarter, compared to analyst estimates of $15.59 million. ArcelorMittal SA had a positive return on equity of 4.14% and a negative net margin of 9.37%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.09) earnings per share. On average, equities analysts predict that ArcelorMittal SA will post $0.45 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp boosted its stake in ArcelorMittal SA by 70.0% in the second quarter. Fifth Third Bancorp now owns 21,760 shares of the company’s stock valued at $101,000 after buying an additional 8,960 shares in the last quarter. Rhumbline Advisers boosted its stake in ArcelorMittal SA by 45.1% in the second quarter. Rhumbline Advisers now owns 22,952 shares of the company’s stock valued at $107,000 after buying an additional 7,133 shares in the last quarter. Baird Financial Group Inc. boosted its stake in ArcelorMittal SA by 7.9% in the second quarter. Baird Financial Group Inc. now owns 19,609 shares of the company’s stock valued at $112,000 after buying an additional 1,440 shares in the last quarter. 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. Finally, Advisor Partners LLC acquired a new stake in ArcelorMittal SA during the third quarter valued at approximately $115,000. Hedge funds and other institutional investors own 3.99% 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.

5 Day Chart for NYSE:MT

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