ArcelorMittal S.A. (NYSE:MT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of ArcelorMittal S.A. (NYSE:MT) have earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $32.95.

A number of research firms have recently weighed in on MT. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ArcelorMittal in a research report on Monday. Morgan Stanley downgraded ArcelorMittal from an “overweight” rating to an “equal weight” rating in a report on Friday, February 14th. The Goldman Sachs Group upgraded shares of ArcelorMittal from a “neutral” rating to a “buy” rating and upped their price objective for the company from $29.00 to $31.70 in a report on Thursday, April 10th. Finally, Jefferies Financial Group downgraded shares of ArcelorMittal from a “buy” rating to a “hold” rating and set a $36.20 target price on the stock. in a research report on Wednesday, March 26th.

Institutional Trading of ArcelorMittal

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in ArcelorMittal by 68.5% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 595 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of ArcelorMittal by 221.3% in the 4th quarter. Bank of New York Mellon Corp now owns 3,403,048 shares of the basic materials company’s stock valued at $78,712,000 after buying an additional 2,344,020 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of ArcelorMittal by 24.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 67,562 shares of the basic materials company’s stock worth $1,563,000 after buying an additional 13,141 shares during the last quarter. American Century Companies Inc. grew its holdings in ArcelorMittal by 4.8% during the fourth quarter. American Century Companies Inc. now owns 280,838 shares of the basic materials company’s stock worth $6,496,000 after acquiring an additional 12,929 shares during the period. Finally, Callan Family Office LLC acquired a new position in ArcelorMittal in the fourth quarter valued at approximately $207,000. Institutional investors and hedge funds own 9.29% of the company’s stock.

ArcelorMittal Price Performance

MT opened at $27.22 on Friday. The firm has a market capitalization of $22.30 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 0.14 and a beta of 1.60. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.35 and a quick ratio of 0.59. The business’s 50-day moving average is $29.03 and its two-hundred day moving average is $26.02. ArcelorMittal has a 1 year low of $20.52 and a 1 year high of $34.90.

ArcelorMittal (NYSE:MT) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.09). ArcelorMittal had a return on equity of 4.31% and a net margin of 2.14%. Research analysts anticipate that ArcelorMittal will post 3.72 earnings per share for the current fiscal year.

ArcelorMittal Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Thursday, November 13th will be given a dividend of $0.275 per share. This represents a yield of 1.5%. The ex-dividend date is Wednesday, November 12th. ArcelorMittal’s dividend payout ratio is presently 27.88%.

About ArcelorMittal

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.