ArcelorMittal SA (NYSE:MT) – Analysts at KeyCorp issued their FY2021 earnings estimates for ArcelorMittal in a research note issued on Monday, March 23rd. KeyCorp analyst P. Gibbs forecasts that the basic materials company will post earnings of $1.60 per share for the year. KeyCorp has a “Overweight” rating and a $13.00 price objective on the stock.

A number of other research firms have also commented on MT. ValuEngine raised ArcelorMittal from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. UBS Group restated a “buy” rating on shares of ArcelorMittal in a report on Thursday, March 19th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $18.75.

NYSE MT opened at $9.45 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.53. The stock has a market capitalization of $9.24 billion, a PE ratio of -3.90 and a beta of 2.21. ArcelorMittal has a 1 year low of $6.64 and a 1 year high of $24.19. The business’s 50-day moving average is $13.56 and its 200 day moving average is $15.46.

ArcelorMittal (NYSE:MT) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.24. The firm had revenue of $15.51 billion for the quarter, compared to analysts’ expectations of $15.36 billion. ArcelorMittal had a negative net margin of 3.48% and a positive return on equity of 0.63%.

Several institutional investors and hedge funds have recently modified their holdings of MT. FNY Investment Advisers LLC purchased a new position in shares of ArcelorMittal in the fourth quarter worth $1,052,000. Millennium Management LLC raised its stake in ArcelorMittal by 4,348.4% during the 3rd quarter. Millennium Management LLC now owns 696,487 shares of the basic materials company’s stock valued at $9,917,000 after buying an additional 680,830 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of ArcelorMittal by 28.8% during the 4th quarter. Renaissance Technologies LLC now owns 7,580,363 shares of the basic materials company’s stock valued at $132,960,000 after buying an additional 1,693,291 shares during the period. NEXT Financial Group Inc lifted its holdings in shares of ArcelorMittal by 90.9% during the 4th quarter. NEXT Financial Group Inc now owns 10,499 shares of the basic materials company’s stock valued at $184,000 after buying an additional 5,000 shares during the period. Finally, CoreCommodity Management LLC lifted its holdings in shares of ArcelorMittal by 68.8% during the 4th quarter. CoreCommodity Management LLC now owns 102,908 shares of the basic materials company’s stock valued at $1,805,000 after buying an additional 41,931 shares during the period. 3.31% of the stock is currently owned by hedge funds and other institutional investors.

ArcelorMittal Company Profile

ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through five segments: NAFTA, Brazil, Europe, ACIS, and Mining. The company produces finished and semi-finished steel products with various specifications.

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