In yesterday’s Wall Street session, ArcelorMittal S.A. (NYSE:MT) shares traded at $25.84, up 0.74% from the previous session.
14 analysts cover ArcelorMittal S.A. (NYSE:MT), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $41.69 and a low of $25.93, we find $37.62. Given the previous closing price of $25.65, this indicates a potential upside of 46.67 percent. MT stock price is now -5.65% away from the 50-day moving average and -7.07% away from the 200-day moving average. The market capitalization of the company currently stands at $22.26B.
The stock has received a hold rating from 4 analysts and a buy rating from 10. Brokers who have rated the stock have averaged $36.19 as their price target over the next twelve months.
A total of 44.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MT stock. A new stake in ArcelorMittal S.A. shares was purchased by BANK OF MONTREAL /CAN/ during the first quarter worth $57,233,000. HRT FINANCIAL LP invested $26,642,000 in shares of MT during the first quarter. In the first quarter, WEISS MULTI-STRATEGY ADVISERS LLC acquired a new stake in ArcelorMittal S.A. valued at approximately $10,628,000. KEY SQUARE CAPITAL MANAGEMENT LLC acquired a new stake in MT for approximately $3,543,000. TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY purchased a new stake in MT valued at around $2,600,000 in the second quarter. In total, there are 245 active investors with 6.40% ownership of the company’s stock.
On Thursday morning ArcelorMittal S.A. (NYSE: MT) stock kicked off with the opening price of $26.08. During the past 12 months, ArcelorMittal S.A. has had a low of $19.25 and a high of $32.49. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 1.60, and a quick ratio of 0.70. The fifty day moving average price for MT is $27.37 and a two-hundred day moving average price translates $27.82 for the stock.
The latest earnings results from ArcelorMittal S.A. (NYSE: MT) was released for Jun, 2023. According to the Steel Company, earnings per share came in at $2.2, beating analysts’ expectations of $1.9 by 0.3. This compares to $4.33 EPS in the same period last year. The net profit margin was 5.80% and return on equity was 7.90% for MT. The company reported revenue of $18.61 billion for the quarter, compared to $22.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.97 percent.
Moreover, the firm recently paid out its quarterly dividend on 12/07/2023. Investors who held shares on 11/14/2023 were paid a $0.22 dividend. On an annualized basis, this represents a $0.44 dividend and a 1.70% percent yield. There was an ex-dividend date of 11/13/2023 for this dividend. In terms of dividend payout ratio, MT is presently at 12.20%.
ArcelorMittal S.A.(MT) Company Profile
ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa. 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. The company also provides mining products, such as iron ore lumps, fines, concentrates, pellets, and sinter feeds; and coking and pulverized coal injections coal. It sells its products to various customers in the automotive, appliance, engineering, construction, energy, and machinery industries through a centralized marketing organization, as well as distributors. The company has iron ore mining activities in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, South Africa, and Ukraine; and coal mining activities in Kazakhstan. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg City, Luxembourg.
