ArcelorMittal S.A. (NYSE:MT) Receives Consensus Rating of “Moderate Buy” from Analysts

ArcelorMittal S.A. (NYSE:MT) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $31.17.

Separately, Morgan Stanley downgraded ArcelorMittal from an “overweight” rating to an “equal weight” rating in a report on Friday, February 14th.

Hedge Funds Weigh In On ArcelorMittal

Hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. grew its position in shares of ArcelorMittal by 89.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 536 shares during the period. GAMMA Investing LLC lifted its stake in ArcelorMittal by 68.5% in the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company’s stock valued at $34,000 after buying an additional 595 shares in the last quarter. US Bancorp DE boosted its holdings in ArcelorMittal by 5.0% in the 4th quarter. US Bancorp DE now owns 15,085 shares of the basic materials company’s stock worth $349,000 after buying an additional 717 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in ArcelorMittal by 9.1% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,545 shares of the basic materials company’s stock worth $221,000 after buying an additional 797 shares in the last quarter. Finally, United Capital Financial Advisors LLC increased its stake in ArcelorMittal by 11.5% during the 4th quarter. United Capital Financial Advisors LLC now owns 10,940 shares of the basic materials company’s stock worth $253,000 after buying an additional 1,129 shares in the last quarter. Hedge funds and other institutional investors own 9.29% of the company’s stock.

ArcelorMittal Trading Down 0.8 %

Shares of ArcelorMittal stock opened at $31.55 on Wednesday. The stock has a market cap of $25.85 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 0.14 and a beta of 1.79. The firm has a fifty day moving average price of $28.21 and a 200 day moving average price of $25.63. ArcelorMittal has a 1 year low of $20.52 and a 1 year high of $34.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.35 and a quick ratio of 0.59.

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

ArcelorMittal Dividend Announcement

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

ArcelorMittal Company Profile

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.