ArcelorMittal SA Stock Rating Upgraded by Zacks (MT)
ArcelorMittal SA (NYSE:MT) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Wednesday. The firm currently has a $16.00 price target on the stock. Zacks‘s price objective indicates a potential upside of 6.38% from the stock’s previous close.
MT has been the subject of a number of other recent research reports. Analysts at S&P Equity Research upgraded shares of ArcelorMittal SA to a “hold” rating in a research note on Friday, June 6th. Separately, analysts at Goldman Sachs downgraded shares of ArcelorMittal SA from a “neutral” rating to a “sell” rating in a research note on Thursday, May 22nd. Finally, 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. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.80.
Shares of ArcelorMittal SA (NYSE:MT) traded down 0.90% on Wednesday, hitting $14.905. 2,066,749 shares of the company’s stock traded hands. ArcelorMittal SA has a 52-week low of $10.90 and a 52-week high of $17.92. The stock’s 50-day moving average is $15.46 and its 200-day moving average is $16.13. The company’s market cap is $26.680 billion.
ArcelorMittal SA (NYSE:MT) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.12) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted ($0.21) earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. Analysts expect that ArcelorMittal SA will post $0.77 EPS for the current fiscal year.
ArcelorMittal SA (NYSE:MT) is a global steel producer.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.