ArcelorMittal (MT) : 6 analysts are covering ArcelorMittal (MT) and their average rating on the stock is 1.67, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
ArcelorMittal (MT) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $9 and the lowest price target forecast is $6. The average forecast of all the analysts is $7.63 and the expected standard deviation is $1.12.
ArcelorMittal has dropped 1.09% in the last five trading days, however, the shares have posted positive gains of 10.47% in the last 4 weeks. ArcelorMittal is up 45.52% in the last 3-month period. Year-to-Date the stock performance stands at 50%. ArcelorMittal (NYSE:MT): stock turned positive on Tuesday. Though the stock opened at $6.4, the bulls momentum made the stock top out at $6.48 level for the day. The stock recorded a low of $6.33 and closed the trading day at $6.33, in the green by 0.48%. The total traded volume for the day was 12,478,692. The stock had closed at $6.3 in the previous days trading.
ArcelorMittal SA (ArcelorMittal) is a holding company. The Company is a steel and mining company, which operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The Company produces a range of finished and semi-finished steel products. Specifically, it produces flat steel products, including sheet and plate, and long steel products, including bars, rods and structural shapes. In addition, the Company produces pipes and tubes for various applications. The Company also produces various types of mining products, including iron ore lump, fines, concentrate and sinter feed, as well as coking, pulverized coal injection (PCI) and thermal coal. The Companys subsidiaries include ArcelorMittal Dofasco Inc., ArcelorMittal Montreal Inc., ArcelorMittal Point Lisas Ltd., ArcelorMittal Belgium N.V. and ArcelorMittal South Africa Ltd., among others.