ArcelorMittal S.A. (NYSE:MT - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $26.95, but opened at $25.35. ArcelorMittal shares last traded at $25.21, with a volume of 976,179 shares.
Analyst Upgrades and Downgrades
MT has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $31.00 price target (down previously from $34.00) on shares of ArcelorMittal in a report on Tuesday. StockNews.com downgraded shares of ArcelorMittal from a "buy" rating to a "hold" rating in a research note on Monday, March 4th.
Check Out Our Latest Stock Analysis on MT
ArcelorMittal Price Performance
The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $20.29 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 0.34 and a beta of 1.93. The stock's 50 day moving average price is $26.90 and its two-hundred day moving average price is $25.89.
ArcelorMittal (NYSE:MT - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The basic materials company reported ($3.57) earnings per share for the quarter, missing analysts' consensus estimates of ($2.08) by ($1.49). The company had revenue of $14.55 billion during the quarter, compared to analyst estimates of $16.39 billion. ArcelorMittal had a return on equity of 8.55% and a net margin of 1.35%. The company's revenue was down 13.8% compared to the same quarter last year. During the same period last year, the company posted $1.37 earnings per share. Analysts anticipate that ArcelorMittal S.A. will post 4.37 EPS for the current fiscal year.
Institutional Investors Weigh In On ArcelorMittal
A number of large investors have recently bought and sold shares of the business. Principal Securities Inc. bought a new stake in ArcelorMittal during the fourth quarter valued at about $25,000. Tower Research Capital LLC TRC bought a new stake in ArcelorMittal during the third quarter valued at about $28,000. GAMMA Investing LLC bought a new stake in ArcelorMittal during the fourth quarter valued at about $30,000. EverSource Wealth Advisors LLC boosted its holdings in ArcelorMittal by 84.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,128 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 517 shares during the period. Finally, Blue Trust Inc. boosted its holdings in ArcelorMittal by 336.3% during the fourth quarter. Blue Trust Inc. now owns 1,309 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 1,009 shares during the period. 9.88% of the stock is currently owned by institutional investors.
ArcelorMittal Company Profile
(
Get Free Report)
ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in the United States, Europe, and internationally. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.
See Also
Before you consider ArcelorMittal, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ArcelorMittal wasn't on the list.
While ArcelorMittal currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
