ArcelorMittal SA Receives Average Recommendation of “Hold” from Brokerages (NYSE:MT)
ArcelorMittal SA (NYSE:MT) has earned a consensus recommendation of “Hold” from the eighteen brokerages that are covering the company, Stock Ratings Network.com reports. Seven equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $18.60.
A number of analysts have recently weighed in on MT shares. Analysts at Zacks downgraded shares of ArcelorMittal SA from a “neutral” rating to an “underperform” rating in a research note on Monday, April 14th. They now have a $15.00 price target on the stock. Separately, analysts at Credit Suisse downgraded shares of ArcelorMittal SA from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. They now have a $17.00 price target on the stock, down previously from $20.00. Finally, analysts at Kepler Capital Markets downgraded shares of ArcelorMittal SA from a “hold” rating to a “reduce” rating in a research note on Tuesday, March 25th.
Shares of ArcelorMittal SA (NYSE:MT) traded down 2.72% on Friday, hitting $15.905. 1,774,512 shares of the company’s stock traded hands. ArcelorMittal SA has a 52-week low of $10.83 and a 52-week high of $17.92. The stock has a 50-day moving average of $16.13 and a 200-day moving average of $16.4. The company’s market cap is $26.300 billion.
ArcelorMittal SA (NYSE:MT) last released its quarterly earnings data on Friday, May 9th. The company reported ($0.12) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.18. The company had revenue of $19.79 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter last year, the company posted ($0.21) earnings per share. ArcelorMittal SA’s revenue was up .2% compared to the same quarter last year. On average, analysts predict that ArcelorMittal SA will post $0.81 earnings per share for the current fiscal year.
ArcelorMittal SA (NYSE:MT) is a global steel producer.
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