ArcelorMittal S.A. (NYSE:MT) Given Average Recommendation of "Moderate Buy" by Brokerages

ArcelorMittal S.A. (NYSE:MT - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $31.17.

Separately, Morgan Stanley cut shares of ArcelorMittal from an "overweight" rating to an "equal weight" rating in a research note on Friday, February 14th.

ArcelorMittal Stock Performance

Shares of MT stock traded down $0.41 on Wednesday, reaching $31.60. The stock had a trading volume of 1,888,723 shares, compared to its average volume of 1,787,752. ArcelorMittal has a 12 month low of $20.52 and a 12 month high of $34.90. The firm has a market capitalization of $25.88 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 0.14 and a beta of 1.79. The firm's 50-day moving average is $27.84 and its two-hundred day moving average is $25.45. The company has a quick ratio of 0.59, a current ratio of 1.35 and a debt-to-equity ratio of 0.17.

ArcelorMittal (NYSE:MT - Get Free Report) last announced its quarterly earnings results 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 net margin of 2.14% and a return on equity of 4.31%. On average, research analysts expect that ArcelorMittal will post 3.72 EPS for the current fiscal year.

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ArcelorMittal Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.275 per share. This represents a yield of 1.5%. The ex-dividend date is Wednesday, November 12th. ArcelorMittal's dividend payout ratio is 27.88%.

Institutional Trading of ArcelorMittal

A number of institutional investors and hedge funds have recently modified their holdings of MT. Bank of New York Mellon Corp grew its position in shares of ArcelorMittal by 221.3% during 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 acquiring an additional 2,344,020 shares during the period. Dimensional Fund Advisors LP lifted its stake in ArcelorMittal by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,029,028 shares of the basic materials company's stock valued at $70,061,000 after purchasing an additional 91,363 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in ArcelorMittal by 146.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,535,319 shares of the basic materials company's stock valued at $35,512,000 after purchasing an additional 912,984 shares during the period. FMR LLC increased its position in ArcelorMittal by 46.7% in the third quarter. FMR LLC now owns 1,317,833 shares of the basic materials company's stock worth $34,606,000 after buying an additional 419,465 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of ArcelorMittal by 31.7% in the fourth quarter. Northern Trust Corp now owns 1,153,924 shares of the basic materials company's stock valued at $26,690,000 after buying an additional 277,891 shares during the period. 9.29% of the stock is owned by hedge funds and other institutional investors.

ArcelorMittal Company Profile

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.