ArcelorMittal SA (NYSE:MT) – Equities research analysts at KeyCorp issued their FY2021 EPS estimates for ArcelorMittal in a research note issued to investors on Monday, March 23rd. KeyCorp analyst P. Gibbs anticipates that the basic materials company will post earnings per share of $1.60 for the year. KeyCorp has a “Overweight” rating and a $13.00 price target on the stock.
Several other research firms have also issued reports on MT. UBS Group reissued a “buy” rating on shares of ArcelorMittal in a research note on Thursday, March 19th. ValuEngine raised ArcelorMittal from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. ArcelorMittal currently has an average rating of “Hold” and a consensus target price of $18.75.
NYSE:MT opened at $9.54 on Thursday. The firm has a market capitalization of $9.24 billion, a price-to-earnings ratio of -3.94 and a beta of 2.21. ArcelorMittal has a 52-week low of $6.64 and a 52-week high of $24.19. The stock has a fifty day moving average of $13.43 and a 200 day moving average of $15.43. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.53 and a current ratio of 1.34.
ArcelorMittal (NYSE:MT) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported ($0.22) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.46) by $0.24. The company had revenue of $15.51 billion during the quarter, compared to analyst estimates of $15.36 billion. ArcelorMittal had a positive return on equity of 0.63% and a negative net margin of 3.48%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aigen Investment Management LP purchased a new stake in ArcelorMittal during the fourth quarter valued at about $36,000. Tower Research Capital LLC TRC purchased a new stake in ArcelorMittal during the fourth quarter valued at about $48,000. NEXT Financial Group Inc raised its position in ArcelorMittal by 90.9% during the fourth quarter. NEXT Financial Group Inc now owns 10,499 shares of the basic materials company’s stock valued at $184,000 after purchasing an additional 5,000 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in ArcelorMittal during the fourth quarter valued at about $235,000. Finally, Greenleaf Trust purchased a new stake in ArcelorMittal during the fourth quarter valued at about $243,000. Institutional investors and hedge funds own 3.31% of the company’s stock.
ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through five segments: NAFTA, Brazil, Europe, ACIS, and Mining. The company produces finished and semi-finished steel products with various specifications.
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