GVteD schreef op 26 september 2015 10:33:
ArcelorMittal SA (NYSE:MT) was downgraded by TheStreet to a “sell” rating in a research note issued on Friday, Analyst Ratings Network.com reports.
Several other analysts also recently issued reports on the stock. Zacks upgraded ArcelorMittal SA from a “hold” rating to a “buy” rating and set a $7.25 target price for the company in a research note on Tuesday. ABN Amro upgraded ArcelorMittal SA from an “add” rating to a “buy” rating in a research note on Wednesday, August 5th. Jefferies Group cut their target price on ArcelorMittal SA to $8.00 and set a “hold” rating on the stock in a research note on Thursday, September 3rd. Credit Suisse reissued an “outperform” rating and set a $15.00 price target (up from $11.50) on shares of ArcelorMittal SA in a report on Wednesday, June 3rd. Finally, Cowen and Company lowered their target price on ArcelorMittal SA from $14.00 to $13.00 in a report on Wednesday, August 12th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $11.64.
Shares of ArcelorMittal SA (NYSE:MT) traded down 1.37% on Friday, reaching $5.78. 1,850,352 shares of the company’s stock were exchanged. The firm’s market capitalization is $9.56 billion. The firm has a 50 day moving average of $7.79 and a 200 day moving average of $9.53. ArcelorMittal SA has a one year low of $5.72 and a one year high of $14.03.
ArcelorMittal SA (NYSE:MT) last posted its earnings results on Friday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.35. The business had revenue of $16.90 billion for the quarter, compared to analyst estimates of $17.39 billion. During the same period last year, the company posted ($0.69) EPS. The firm’s revenue for the quarter was up 57.8% compared to the same quarter last year. On average, equities research analysts predict that ArcelorMittal SA will post ($0.50) EPS for the current year.
ArcelorMittal SA (NYSE:MT) is a holding company. The Company is a steel and mining company, which operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The Company produces a range of finished and semi-finished steel products. Particularly, it produces flat steel products, including sheet and plate, and long steel goods, including structural shapes, poles and bars. Furthermore, the Company produces conduits and tubes for various applications. The Organization also produces numerous kinds of mining products, including iron ore lump, fines, concentrate and sinter feed, together with coking, pulverized coal injection (PCI) and thermal coal. The Business ‘s subsidiary companies comprise ArcelorMittal Dofasco Inc., ArcelorMittal Montreal Inc., ArcelorMittal Point Lisas Ltd., ArcelorMittal Belgium N.V. and ArcelorMittal South Africa Ltd., among others.