ArcelorMittal S.A. (NYSE:MT) Receives Average Rating of “Moderate Buy” from Brokerages

ArcelorMittal S.A. (NYSE:MT) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, MarketBeat.com 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 brokers that have issued a report on the stock in the last year is $31.17.

Separately, Morgan Stanley cut ArcelorMittal from an “overweight” rating to an “equal weight” rating in a report on Friday, February 14th.

ArcelorMittal Price Performance

Shares of NYSE MT opened at $31.55 on Wednesday. The firm has a 50-day simple moving average of $28.21 and a 200-day simple moving average of $25.63. The company has a quick ratio of 0.59, a current ratio of 1.35 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $25.85 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 0.14 and a beta of 1.79. ArcelorMittal has a 52 week low of $20.52 and a 52 week high of $34.90.

ArcelorMittal (NYSE:MT) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.09). ArcelorMittal had a net margin of 2.14% and a return on equity of 4.31%. On average, equities analysts predict that ArcelorMittal will post 3.72 earnings per share for the current fiscal year.

ArcelorMittal Announces Dividend

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

Institutional Trading of ArcelorMittal

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its position in ArcelorMittal by 89.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 536 shares during the period. GAMMA Investing LLC raised its position in ArcelorMittal by 68.5% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 595 shares during the period. US Bancorp DE lifted its stake in shares of ArcelorMittal by 5.0% in the 4th quarter. US Bancorp DE now owns 15,085 shares of the basic materials company’s stock valued at $349,000 after purchasing an additional 717 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in shares of ArcelorMittal by 9.1% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,545 shares of the basic materials company’s stock worth $221,000 after purchasing an additional 797 shares during the period. Finally, United Capital Financial Advisors LLC increased its position in shares of ArcelorMittal by 11.5% during the 4th quarter. United Capital Financial Advisors LLC now owns 10,940 shares of the basic materials company’s stock worth $253,000 after purchasing an additional 1,129 shares during the last quarter. Institutional investors and hedge funds own 9.29% of the company’s stock.

About ArcelorMittal

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.