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

Shares of ArcelorMittal S.A. (NYSE:MT) have been given a consensus rating of “Moderate Buy” by the six research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $31.17.

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

Hedge Funds Weigh In On ArcelorMittal

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings 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 during the period. Natixis Advisors LLC increased its holdings in ArcelorMittal by 171.4% in the 3rd quarter. Natixis Advisors LLC now owns 130,100 shares of the basic materials company’s stock valued at $3,416,000 after buying an additional 82,164 shares during the period. Bank of New York Mellon Corp increased its holdings in ArcelorMittal by 221.3% in the 4th quarter. Bank of New York Mellon Corp now owns 3,403,048 shares of the basic materials company’s stock valued at $78,712,000 after buying an additional 2,344,020 shares during the period. Callan Family Office LLC bought a new position in ArcelorMittal in the 4th quarter valued at about $207,000. Finally, Vestmark Advisory Solutions Inc. bought a new position in ArcelorMittal in the 4th quarter valued at about $256,000. 9.29% of the stock is owned by institutional investors.

ArcelorMittal Price Performance

Shares of MT opened at $32.50 on Wednesday. The firm has a market capitalization of $26.63 billion, a PE ratio of 19.70, a PEG ratio of 0.14 and a beta of 1.79. The company’s 50-day moving average is $27.22 and its 200-day moving average is $25.30. ArcelorMittal has a fifty-two week low of $20.52 and a fifty-two week 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 issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.09). ArcelorMittal had a net margin of 2.14% and a return on equity of 4.31%. Equities analysts forecast that ArcelorMittal will post 3.72 EPS for the current year.

ArcelorMittal Announces Dividend

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 given a dividend of $0.275 per share. This represents a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, November 12th. ArcelorMittal’s dividend payout ratio is 25.45%.

About ArcelorMittal

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.