ArcelorMittal (MT) Stock Forecast & Price Target

$25.68

+0.26 (+1.02%)

(As of 10/4/2024 08:50 PM ET)

ArcelorMittal - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 5 Analyst Ratings

Sell
0

Hold
2

Buy
3

Based on 5 Wall Street analysts who have issued ratings for ArcelorMittal in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 5 analysts, 2 have given a hold rating, and 3 have given a buy rating for MT.

Consensus Price Target

$30.30
17.99% Upside

According to the 5 analysts' twelve-month price targets for ArcelorMittal, the average price target is $30.30. The highest price target for MT is $31.00, while the lowest price target for MT is $29.60. The average price target represents a forecasted upside of 17.99% from the current price of $25.68.

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MT Analyst Ratings Over Time

Type	Current Forecast 10/8/23 to 10/7/24	1 Month Ago 9/8/23 to 9/7/24	3 Months Ago 7/10/23 to 7/9/24	1 Year Ago 10/8/22 to 10/8/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	1 Buy rating(s)	4 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$30.30	$30.30	$30.30	$33.00
Forecasted Upside	17.99% Upside	36.36% Upside	35.57% Upside	36.03% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Moderate Buy

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MT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

ArcelorMittal Stock vs. The Competition

Type	ArcelorMittal	Basic Materials Companies	S&P 500
Consensus Rating Score	2.60	2.74	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	17.99% Upside	132.96% Upside	7.04% Upside
News Sentiment Rating	Positive News See Recent MT News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/28/2024	Deutsche Bank Aktiengesellschaft 2 of 5 stars		Upgrade	Hold ➝ Buy	$29.00 ➝ $31.00	+32.08%
8/19/2024	Barclays 3 of 5 stars	A. Fletcher Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight
5/9/2024	The Goldman Sachs Group 2 of 5 stars		Initiated Coverage	Neutral	$29.60	+16.63%
12/12/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight
10/18/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
3/28/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Buy
11/15/2022	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	€40.00 ➝ €38.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 06:20 AM ET.

Should I Buy ArcelorMittal Stock? MT Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 24, 2024. Please send any questions or comments about these ArcelorMittal pros and cons to contact@marketbeat.com.

ArcelorMittal
Bull Case

Here are some ways that investors could benefit from investing in ArcelorMittal S.A.:

ArcelorMittal S.A. has a market capitalization of $19.30 billion, indicating a strong position in the market.
The company's P/E ratio of 26.93 suggests potential undervaluation compared to its peers, making it an attractive investment opportunity.
ArcelorMittal S.A. has a positive return on equity of 6.00%, showcasing efficient utilization of shareholder funds.
With a beta of 1.76, the stock is relatively more volatile than the market, offering potential for higher returns for risk-tolerant investors.
The current stock price of ArcelorMittal S.A. is trading below its 200-day moving average, presenting a possible buying opportunity.

ArcelorMittal
Bear Case

Investors should be bearish about investing in ArcelorMittal S.A. for these reasons:

ArcelorMittal S.A. had a negative net margin of 0.93%, indicating potential profitability challenges.
The company's revenue was down 12.7% compared to the same quarter last year, signaling a decline in business performance.
Although the P/E ratio is relatively low, the PEG ratio of 0.37 suggests that the stock may not be as undervalued as it appears, potentially limiting upside potential.
ArcelorMittal S.A. has a debt-to-equity ratio of 0.16, indicating a moderate level of financial leverage that could pose risks during economic downturns.
The stock's 50-day moving average of $22.61 is below the 200-day moving average of $24.51, indicating a potential bearish trend in the short term.

MT Forecast - Frequently Asked Questions

: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for ArcelorMittal is $30.30, with a high forecast of $31.00 and a low forecast of $29.60.
: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ArcelorMittal in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MT shares.
: According to analysts, ArcelorMittal's stock has a predicted upside of 17.99% based on their 12-month stock forecasts.
: Over the previous 90 days, ArcelorMittal's stock had 2 upgrades by analysts.
: ArcelorMittal has been rated by research analysts at Barclays, and Deutsche Bank Aktiengesellschaft in the past 90 days.
: Analysts like ArcelorMittal less than other "basic materials" companies. The consensus rating score for ArcelorMittal is 2.60 while the average consensus rating score for "basic materials" companies is 2.73. Learn more on how MT compares to other companies.