ArcelorMittal (NYSE:MT) Stock Has Consensus Target Price of $74.55

ArcelorMittal (NYSE:MT) has received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $74.55.

A number of research analysts have issued reports on MT shares. Citigroup restated a “buy” rating on shares of ArcelorMittal in a research note on Tuesday, August 4th. Weiss Ratings lowered shares of ArcelorMittal from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, October 29th. UBS Group raised shares of ArcelorMittal from a “neutral” rating to a “buy” rating in a report on Friday, October 9th. Morgan Stanley began coverage on ArcelorMittal in a research report on Monday, August 24th. They issued an “overweight” rating and a $82.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft set a $79.00 target price on ArcelorMittal and gave the stock a “buy” rating in a research note on Monday, October 5th.

ArcelorMittal Stock Performance

MT opened at $61.03 on Monday. The company has a market cap of $47.30 billion, a P/E ratio of 45.21, a price-to-earnings-growth ratio of 0.67 and a beta of 1.55. The company has a quick ratio of 0.53, a current ratio of 1.41 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average price is $67.33 and its 200-day moving average price is $63.93. ArcelorMittal has a 52-week low of $38.67 and a 52-week high of $79.68.

ArcelorMittal (NYSE:MT) last released its earnings results on Thursday, November 5th. The basic materials company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.35. The company had revenue of $16.47 billion during the quarter, compared to analysts’ expectations of $17.77 billion. ArcelorMittal had a net margin of 1.64% and a return on equity of 4.89%. ArcelorMittal’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the business earned $0.62 EPS. As a group, equities analysts anticipate that ArcelorMittal will post 3.25 EPS for the current fiscal year.

Trending Headlines about ArcelorMittal

Here are the key news stories impacting ArcelorMittal this week:

• Positive Sentiment: Third-quarter EPS of $1.15 beat the $0.80 consensus, while revenue rose 5.2% year over year. Reports also cited higher production, sales and EBITDA, supporting the view that operating performance improved. ArcelorMittal Q3 EBITDA, Sales Rise On Higher Production
• Positive Sentiment: European market strength may be helping margins: the company said higher steel tariffs were boosting profits, and European flat-steel shipments rose from the prior quarter despite typical seasonal patterns. ArcelorMittal beats profit expectations as European market strengthens
• Neutral Sentiment: ArcelorMittal also reported production for the third quarter and first nine months of 2026; the article listing provided no specific figures to assess the operational trend. Production results
• Negative Sentiment: Revenue of $16.47 billion fell short of the $17.77 billion analyst estimate. A separate report said ArcelorMittal recorded a $391 million third-quarter loss following a shutdown in Ukraine, a counterweight to the adjusted earnings beat. ArcelorMittal posts $391 million Q3 loss after Ukraine shutdown

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MT. Dimensional Fund Advisors LP raised its stake in shares of ArcelorMittal by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,232,495 shares of the basic materials company’s stock worth $168,008,000 after purchasing an additional 11,503 shares during the last quarter. Maple Rock Capital Partners Inc. raised its position in ArcelorMittal by 54.9% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 2,190,860 shares of the basic materials company’s stock worth $131,934,000 after buying an additional 776,595 shares during the last quarter. Quantinno Capital Management LP raised its position in ArcelorMittal by 11.7% during the 1st quarter. Quantinno Capital Management LP now owns 335,931 shares of the basic materials company’s stock worth $17,461,000 after buying an additional 35,298 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in ArcelorMittal by 1,317.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 75,105 shares of the basic materials company’s stock valued at $3,904,000 after acquiring an additional 69,805 shares during the period. Finally, ABC Arbitrage SA acquired a new stake in ArcelorMittal during the 1st quarter valued at approximately $3,819,000. 9.29% of the stock is owned by institutional investors and hedge funds.

About ArcelorMittal

ArcelorMittal is a global steel and mining company that produces steel products for customers across industries including automotive, construction, energy, appliances and packaging. Its offerings include flat and long steel products, as well as iron ore and metallurgical coal used in steelmaking.

The company operates across the Americas, Europe and other regions, combining mining and steelmaking activities with research and product development. ArcelorMittal was formed in 2006 through the merger of Arcelor and Mittal Steel.

Aditya Mittal is the company’s chief executive officer, and Lakshmi N.