ArcelorMittal SA Downgraded to Sell at Goldman Sachs (MT)
ArcelorMittal SA (NYSE:MT) was downgraded by equities researchers at Goldman Sachs from a “neutral” rating to a “sell” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.
MT has been the subject of a number of other recent research reports. 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. Seven research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. ArcelorMittal SA has a consensus rating of “Hold” and an average target price of $18.60.
Shares of ArcelorMittal SA (NYSE:MT) traded down 0.71% during mid-day trading on Thursday, hitting $15.35. 2,068,842 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’s 50-day moving average is $16.1 and its 200-day moving average is $16.41. The company’s market cap is $27.476 billion.
ArcelorMittal SA (NYSE:MT) last released its 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. Analysts expect that ArcelorMittal SA will post $0.83 EPS for the current fiscal year.
ArcelorMittal SA (NYSE:MT) is a global steel producer.
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