Shares of ArcelorMittal SA (NYSE:MT) have been given an average recommendation of “Hold” by the nine research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $22.57.

MT has been the subject of several research analyst reports. TheStreet lowered shares of Unit from a “c-” rating to a “d+” rating in a research note on Tuesday, May 21st. KeyCorp raised their price objective on shares of Rapid7 from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Zacks Investment Research raised shares of Green Brick Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Goldman Sachs Group assumed coverage on shares of Taylor Wimpey in a research note on Wednesday, June 12th. They issued a “buy” rating for the company. Finally, ValuEngine raised shares of XOMA from a “sell” rating to a “hold” rating in a research note on Friday, May 24th.

MT stock traded up $0.18 during mid-day trading on Friday, hitting $16.76. 2,792,062 shares of the company were exchanged, compared to its average volume of 2,121,183. The company has a quick ratio of 0.52, a current ratio of 1.40 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $17.09 billion, a price-to-earnings ratio of 2.91, a P/E/G ratio of 5.65 and a beta of 2.34. The firm’s fifty day simple moving average is $16.65. ArcelorMittal has a 12-month low of $14.66 and a 12-month high of $32.93.

ArcelorMittal (NYSE:MT) last announced its earnings results on Thursday, May 9th. The basic materials company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.35). The company had revenue of $19.19 billion for the quarter, compared to analysts’ expectations of $18.83 billion. ArcelorMittal had a return on equity of 11.63% and a net margin of 5.75%. As a group, equities analysts expect that ArcelorMittal will post 1.61 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. NEXT Financial Group Inc raised its holdings in ArcelorMittal by 1,541.5% in the second quarter. NEXT Financial Group Inc now owns 5,499 shares of the basic materials company’s stock valued at $99,000 after acquiring an additional 5,164 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in ArcelorMittal by 4,549.6% in the first quarter. BNP Paribas Arbitrage SA now owns 5,533 shares of the basic materials company’s stock valued at $113,000 after acquiring an additional 5,414 shares in the last quarter. Investors Research Corp acquired a new stake in ArcelorMittal in the first quarter valued at approximately $166,000. Quadrant Capital Group LLC raised its holdings in ArcelorMittal by 102.8% in the first quarter. Quadrant Capital Group LLC now owns 8,947 shares of the basic materials company’s stock valued at $176,000 after acquiring an additional 4,536 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in ArcelorMittal in the first quarter valued at approximately $214,000. 3.20% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for ArcelorMittal (NYSE:MT)

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