ArcelorMittal SA (NYSE:MT)’s share price was up 5.8% on Friday . The stock traded as high as $4.93 and last traded at $4.93, with a volume of 6,429,517 shares changing hands. The stock had previously closed at $4.66.

Several equities analysts have weighed in on MT shares. JPMorgan Chase & Co. set a €3.90 ($4.33) target price on ArcelorMittal SA and gave the company a “neutral” rating in a research report on Monday, March 14th. Jefferies Group set a €6.25 ($6.94) price objective on ArcelorMittal SA and gave the company a “buy” rating in a research note on Wednesday, April 20th. Independent Research GmbH set a €3.30 ($3.67) price objective on ArcelorMittal SA and gave the company a “sell” rating in a research note on Monday, March 14th. Morgan Stanley set a €4.40 ($4.89) price objective on ArcelorMittal SA and gave the company a “buy” rating in a research note on Tuesday, March 29th. Finally, Credit Suisse Group AG reiterated a “neutral” rating and issued a $6.00 price objective (up previously from $4.50) on shares of ArcelorMittal SA in a research note on Wednesday, March 23rd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $4.99.

The stock’s market capitalization is $8.95 billion. The firm’s 50 day moving average price is $4.91 and its 200 day moving average price is $4.51.

ArcelorMittal SA (NYSE:MT) last announced its quarterly earnings results on Friday, May 6th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.03. During the same period in the previous year, the company earned ($0.41) EPS. The business earned $13.40 billion during the quarter, compared to the consensus estimate of $14.25 billion. ArcelorMittal SA’s revenue was down 21.7% compared to the same quarter last year. On average, equities analysts expect that ArcelorMittal SA will post $0.11 EPS for the current year.

An institutional investor recently raised its position in ArcelorMittal SA stock. Morgan Stanley boosted its stake in ArcelorMittal SA (NYSE:MT) by 8.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,505,451 shares of the company’s stock after buying an additional 695,850 shares during the period. Morgan Stanley owned about 0.47% of ArcelorMittal SA worth $35,893,000 at the end of the most recent reporting period.

ArcelorMittal SA (ArcelorMittal) is a holding company. The Company is an integrated steel and mining company. ArcelorMittal operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA segment produces flat, long and tubular products.

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