ArcelorMittal SA Receives Average Rating of “Hold” from Brokerages (NYSE:MT)
Shares of ArcelorMittal SA (NYSE:MT) have earned a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the stock, Analyst Ratings.Net reports. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $19.00.
Shares of ArcelorMittal SA (NYSE:MT) remained flat at $14.50 during trading on Friday. The stock had a trading volume of 590,165 shares. ArcelorMittal SA has a 52 week low of $13.47 and a 52 week high of $17.92. The stock has a 50-day moving average of $14.47 and a 200-day moving average of $15.33. The company’s market cap is $23.983 billion.
ArcelorMittal SA (NYSE:MT) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.17. The company had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter in the previous year, the company posted ($0.44) earnings per share. The company’s revenue for the quarter was down 47.0% on a year-over-year basis. On average, analysts predict that ArcelorMittal SA will post $0.57 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on MT shares. Analysts at BNP Paribas upgraded shares of ArcelorMittal SA from an “underperform” rating to a “neutral” rating in a research note on Monday, August 4th. Analysts at Deutsche Bank reiterated a “buy” rating on shares of ArcelorMittal SA in a research note on Monday, July 7th. They now have a $21.00 price target on the stock, down previously from $23.00.
ArcelorMittal SA (NYSE:MT) is a global steel producer.
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