Latest Stocks: ArcelorMittal SA (MT) Upgraded by TheStreet to B-

Latest Stocks: ArcelorMittal SA (MT) Upgraded by TheStreet to B-

TheStreet upgraded shares of ArcelorMittal SA (NYSE:MT) from a c rating to a b- rating in a report released on Monday, May 15th.

A number of other research analysts have also recently commented on MT. Commerzbank Ag upgraded shares of ArcelorMittal SA from a hold rating to a buy rating in a research note on Wednesday, January 18th. Goldman Sachs Group Inc restated a buy rating on shares of ArcelorMittal SA in a research note on Friday, February 17th. Cowen and Company upgraded shares of ArcelorMittal SA from a market perform rating to an outperform rating and lifted their target price for the company from $30.00 to $33.00 in a research note on Thursday, March 23rd. They noted that the move was a valuation call. Bank of America Corp upgraded shares of ArcelorMittal SA from a neutral rating to a buy rating in a research report on Friday, February 10th. Finally, Zacks Investment Research raised shares of ArcelorMittal SA from a hold rating to a buy rating and set a $30.00 price target for the company in a report on Wednesday, March 22nd. Twelve research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $26.39.

ArcelorMittal SA (MT) opened at 21.19 on Monday. ArcelorMittal SA has a 52 week low of $12.54 and a 52 week high of $28.11. The stock’s 50 day moving average price is $22.68 and its 200 day moving average price is $24.06. The firm has a market capitalization of $21.61 billion, a P/E ratio of 7.03 and a beta of 2.06. ArcelorMittal SA (NYSE:MT) last released its earnings results on Friday, May 12th. The basic materials company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.18. ArcelorMittal SA had a return on equity of 6.88% and a net margin of 3.13%. The business had revenue of $16.09 billion for the quarter, compared to the consensus estimate of $16.81 billion. During the same period last year, the business earned ($0.69) earnings per share. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, equities analysts expect that ArcelorMittal SA will post $3.02 EPS for the current year.

ArcelorMittal SA (MT) opened at 21.19 on Monday. ArcelorMittal SA has a 52 week low of $12.54 and a 52 week high of $28.11. The stock’s 50 day moving average price is $22.68 and its 200 day moving average price is $24.06. The firm has a market capitalization of $21.61 billion, a P/E ratio of 7.03 and a beta of 2.06. Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC acquired a new position in ArcelorMittal SA during the first quarter valued at about $110,000. Baird Financial Group Inc. increased its position in shares of ArcelorMittal SA by 15.8% in the fourth quarter. Baird Financial Group Inc. now owns 16,715 shares of the basic materials company’s stock worth $122,000 after buying an additional 2,286 shares in the last quarter. Iron Financial LLC increased its position in shares of ArcelorMittal SA by 50.0% in the first quarter. Iron Financial LLC now owns 15,000 shares of the basic materials company’s stock worth $125,000 after buying an additional 5,000 shares in the last quarter. Jacobi Capital Management LLC purchased a new position in shares of ArcelorMittal SA during the first quarter worth $127,000. Finally, US Bancorp DE increased its position in shares of ArcelorMittal SA by 14.2% in the first quarter. US Bancorp DE now owns 15,540 shares of the basic materials company’s stock worth $129,000 after buying an additional 1,934 shares in the last quarter. 3.46% of the stock is owned by hedge funds and other institutional investors.

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