ArcelorMittal SA (MT) Sees Unusually-High Trading Volume
Shares of ArcelorMittal SA (NYSE:MT) saw an uptick in trading volume on Friday . 18,849,624 shares changed hands during mid-day trading, an increase of 14% from the previous session’s volume of 16,523,162 shares.The stock last traded at $6.02 and had previously closed at $5.97.
MT has been the topic of several recent analyst reports. JPMorgan Chase & Co. upgraded shares of ArcelorMittal SA from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $2.93 to $6.55 in a research report on Friday, August 19th. Clarkson Capital upgraded shares of ArcelorMittal SA from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 9th. TheStreet upgraded shares of ArcelorMittal SA from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Vetr restated a “hold” rating and set a $5.90 price objective on shares of ArcelorMittal SA in a research report on Monday, August 15th. Finally, Jefferies Group restated a “buy” rating on shares of ArcelorMittal SA in a research report on Wednesday, August 3rd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $5.24.
The stock has a 50-day moving average price of $6.11 and a 200 day moving average price of $5.15. The stock’s market cap is $18.47 billion.
ArcelorMittal SA (NYSE:MT) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.35. The firm earned $14.74 billion during the quarter, compared to analysts’ expectations of $15.23 billion. The company’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 EPS. On average, analysts forecast that ArcelorMittal SA will post $0.45 earnings per share for the current year.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.