ArcelorMittal SA’s (MT) Neutral Rating Reiterated at JPMorgan Chase & Co.
ArcelorMittal SA (NYSE:MT)‘s stock had its “neutral” rating reiterated by JPMorgan Chase & Co. in a research note issued to investors on Thursday.
Several other research analysts also recently weighed in on MT. Credit Suisse Group AG set a $10.00 price target on ArcelorMittal SA and gave the stock a “buy” rating in a research note on Saturday, October 1st. Bank of America Corp. downgraded ArcelorMittal SA from a “buy” rating to a “neutral” rating and set a $7.70 price target for the company. in a research note on Tuesday, November 8th. Zacks Investment Research upgraded ArcelorMittal SA from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a research note on Wednesday. Citigroup Inc. restated a “buy” rating on shares of ArcelorMittal SA in a research note on Tuesday. Finally, Jefferies Group restated a “buy” rating on shares of ArcelorMittal SA in a research note on Wednesday, November 9th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. ArcelorMittal SA has an average rating of “Hold” and an average price target of $5.58.
Shares of ArcelorMittal SA (NYSE:MT) opened at 7.17 on Thursday. The company has a 50-day moving average of $6.53 and a 200-day moving average of $5.77. The stock’s market capitalization is $21.93 billion. ArcelorMittal SA has a 52 week low of $2.93 and a 52 week high of $7.32.
ArcelorMittal SA (NYSE:MT) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.04. The company earned $14.52 billion during the quarter, compared to the consensus estimate of $15.59 million. ArcelorMittal SA had a positive return on equity of 4.14% and a negative net margin of 9.37%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.09) EPS. On average, analysts anticipate that ArcelorMittal SA will post $0.45 EPS for the current year.
Large investors have recently modified their holdings of the stock. Advisor Partners LLC acquired a new stake in shares of ArcelorMittal SA during the third quarter valued at $115,000. 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 valued at $112,000 after buying an additional 1,440 shares in the last quarter. 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 valued at $101,000 after buying an additional 8,960 shares in the last quarter. 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 valued at $107,000 after buying an additional 7,133 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its stake in shares of 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. 3.99% of the stock is currently owned by institutional investors.
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.
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