1 week Ago By ABMN Staff
The Goldman Sachs Group upgraded shares of ArcelorMittal ( NYSE:MT – Free Report ) from a neutral rating to a buy rating in a research report released on Thursday, Marketbeat Ratings reports. They currently have $31.70 target price on the basic materials company’s stock, up from their previous target price of $29.
00. Other equities research analysts also recently issued reports about the stock. Morgan Stanley downgraded shares of ArcelorMittal from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 14th.
Jefferies Financial Group cut shares of ArcelorMittal from a “buy” rating to a “hold” rating and set a $36.20 target price for the company. in a research report on Wednesday, March 26th.
Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.95.
Get Our Latest Stock Report on ArcelorMittal ArcelorMittal Stock Up 5.2 % ArcelorMittal ( NYSE:MT – Get Free Report ) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.
52 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.09).
ArcelorMittal had a return on equity of 4.31% and a net margin of 2.14%.
On average, equities research analysts forecast that ArcelorMittal will post 3.72 EPS for the current year. ArcelorMittal Announces Dividend The company also recently announced a semi-annual dividend, which will be paid on Wednesday, December 3rd.
Shareholders of record on Thursday, November 13th will be issued a $0.275 dividend. The ex-dividend date is Wednesday, November 12th.
This represents a yield of 1.5%. ArcelorMittal’s dividend payout ratio (DPR) is presently 27.
88%. Hedge Funds Weigh In On ArcelorMittal Several institutional investors and hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc.
raised its stake in ArcelorMittal by 89.6% during the 4th quarter. Geneos Wealth Management Inc.
now owns 1,134 shares of the basic materials company’s stock worth $26,000 after buying an additional 536 shares during the period. GAMMA Investing LLC raised its position in shares of ArcelorMittal by 68.5% during the fourth quarter.
GAMMA Investing LLC now owns 1,464 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 595 shares during the period. US Bancorp DE lifted its holdings in shares of ArcelorMittal by 5.0% during the 4th quarter.
US Bancorp DE now owns 15,085 shares of the basic materials company’s stock valued at $349,000 after purchasing an additional 717 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its position in shares of ArcelorMittal by 9.1% in the 4th quarter.
Dorsey & Whitney Trust CO LLC now owns 9,545 shares of the basic materials company’s stock valued at $221,000 after purchasing an additional 797 shares during the period. 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 purchasing an additional 1,129 shares in the last quarter. Institutional investors and hedge funds own 9.29% of the company’s stock.
About ArcelorMittal ( Get Free Report ) 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. Further Reading Receive News & Ratings for ArcelorMittal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArcelorMittal and related companies with MarketBeat.
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