ArcelorMittal S.A. (NYSE:MT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of ArcelorMittal S.A. (NYSE:MT) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $31.17.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of ArcelorMittal by 5.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,690 shares of the basic materials company’s stock valued at $594,000 after purchasing an additional 1,224 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of ArcelorMittal during the 4th quarter worth approximately $2,521,000. Vise Technologies Inc. bought a new position in shares of ArcelorMittal during the 4th quarter worth approximately $217,000. Quantinno Capital Management LP grew its position in shares of ArcelorMittal by 26.5% during the 4th quarter. Quantinno Capital Management LP now owns 144,604 shares of the basic materials company’s stock worth $3,345,000 after buying an additional 30,280 shares during the period. Finally, Nomura Holdings Inc. bought a new stake in shares of ArcelorMittal in the 4th quarter valued at $1,055,000. Institutional investors own 9.29% of the company’s stock.

ArcelorMittal Trading Down 1.3 %

NYSE:MT opened at $31.60 on Wednesday. The firm has a market capitalization of $25.88 billion, a P/E ratio of 19.15, a P/E/G ratio of 0.14 and a beta of 1.79. The business has a 50 day simple moving average of $27.84 and a 200 day simple moving average of $25.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.35 and a quick ratio of 0.59. ArcelorMittal has a 12-month low of $20.52 and a 12-month high of $34.90.

ArcelorMittal (NYSE:MT) last announced its earnings results on Thursday, February 6th. The basic materials company reported $0.52 earnings per share 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%. Equities research analysts predict that ArcelorMittal will post 3.72 EPS for the current year.

ArcelorMittal Announces Dividend

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

ArcelorMittal Company Profile

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.