kusadasi schreef op 14 september 2016 09:38:
ArcelorMittal SA (MT) Upgraded at Vetr Inc.
Posted by Donnie Miller on Sep 14th, 2016 // No Comments
ArcelorMittal SA logoArcelorMittal SA (NYSE:MT) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday. The brokerage presently has a $6.78 price target on the stock. Vetr‘s price objective would suggest a potential upside of 22.38% from the stock’s current price.
MT has been the topic of a number of other research reports. Berenberg Bank reissued a “buy” rating on shares of ArcelorMittal SA in a research report on Sunday, May 29th. Citigroup Inc. reaffirmed a “buy” rating on shares of ArcelorMittal SA in a research report on Wednesday, June 29th. Nord/LB set a €4.00 ($4.44) price target on ArcelorMittal SA and gave the stock a “neutral” rating in a research report on Thursday, May 19th. TheStreet raised ArcelorMittal SA from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. raised ArcelorMittal SA from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $2.93 to $6.55 in a research report on Friday, August 19th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $5.28.
Shares of ArcelorMittal SA (NYSE:MT) traded down 7.82% on Tuesday, reaching $5.54. The company had a trading volume of 31,523,856 shares. The company’s 50-day moving average price is $6.20 and its 200-day moving average price is $5.29. The firm’s market capitalization is $16.94 billion. ArcelorMittal SA has a 52-week low of $2.93 and a 52-week high of $7.19.
ArcelorMittal SA (NYSE:MT) last announced its earnings results on Friday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.35. ArcelorMittal SA had a positive return on equity of 0.62% and a negative net margin of 11.61%. The business had revenue of $14.74 billion for the quarter, compared to analyst estimates of $15.23 billion. During the same quarter last year, the firm earned $0.10 EPS. ArcelorMittal SA’s revenue for the quarter was down 12.7% compared to the same quarter last year. On average, analysts predict that ArcelorMittal SA will post $0.45 earnings per share for the current year.
Large investors have recently modified their holdings of the stock. Allianz Asset Management AG boosted its stake in shares of ArcelorMittal SA by 68.1% in the second quarter. Allianz Asset Management AG now owns 18,054,973 shares of the company’s stock valued at $84,136,000 after buying an additional 7,316,803 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of ArcelorMittal SA during the first quarter valued at $78,715,000. Adage Capital Partners GP L.L.C. boosted its stake in shares of ArcelorMittal SA by 700.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 8,000,000 shares of the company’s stock valued at $36,640,000 after buying an additional 7,000,000 shares during the last quarter. Anchor Bolt Capital LP bought a new stake in shares of ArcelorMittal SA during the second quarter valued at $35,108,000. Finally, Renaissance Technologies LLC boosted its stake in shares of ArcelorMittal SA by 88.0% in the first quarter. Renaissance Technologies LLC now owns 5,567,420 shares of the company’s stock valued at $25,495,000 after buying an additional 2,606,411 shares during the last quarter. 3.88% of the stock is owned by institutional investors.