ArcelorMittal (NYSE:MT - Get Free Report) posted its quarterly earnings data on Thursday. The basic materials company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.09), Zacks reports. ArcelorMittal had a return on equity of 4.24% and a net margin of 2.14%.
ArcelorMittal Stock Up 1.0 %
ArcelorMittal stock traded up $0.29 during midday trading on Monday, reaching $28.13. The stock had a trading volume of 2,026,617 shares, compared to its average volume of 2,126,299. ArcelorMittal has a 12 month low of $20.52 and a 12 month high of $28.84. The company has a market capitalization of $23.04 billion, a P/E ratio of 17.05, a PEG ratio of 0.56 and a beta of 1.74. The company has a fifty day moving average price of $24.02 and a two-hundred day moving average price of $23.89. The company has a current ratio of 1.46, a quick ratio of 0.59 and a debt-to-equity ratio of 0.16.
Analyst Upgrades and Downgrades
Separately, Bank of America raised ArcelorMittal from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $30.00 to $32.90 in a research report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $31.17.
Read Our Latest Research Report on ArcelorMittal
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.
See Also
Before you consider ArcelorMittal, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ArcelorMittal wasn't on the list.
While ArcelorMittal currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
