ArcelorMittal S.A. (NYSE: MT) is -16.68% lower on its value in year-to-date trading and has touched a low of $19.25 and a high of $37.87 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MT stock was last observed hovering at around $25.79 in the last trading session, with the day’s gains setting it 0.73% off its average median price target of $32.78 for the next 12 months. It is also 46.29% off the consensus price target high of $49.38 offered by 16 analysts, but current levels are -17.81% lower than the price target low of $22.51 for the same period.
Currently trading at $26.52, the stock is 9.14% and 17.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.8 million and changing 2.83% at the moment leaves the stock -0.14% off its SMA200. MT registered -12.10% loss for a year compared to 6-month loss of -13.25%.
The stock witnessed a 15.20% gain in the last 1 month and extending the period to 3 months gives it a 13.38%, and is -1.23% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.02% over the week and 2.57% over the month.
ArcelorMittal S.A. (MT) has around 158000 employees, a market worth around $23.37B and $83.76B in sales. Current P/E ratio is 1.93 and Fwd P/E is 10.35. Profit margin for the company is 15.60%. Distance from 52-week low is 37.77% and -29.97% from its 52-week high. The company has generated returns on investments over the last 12 months (25.20%).
ArcelorMittal S.A. (MT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for ArcelorMittal S.A. (MT) is a “Overweight”. 16 analysts offering their recommendations for the stock have an average rating of 1.80, where 6 rate it as a Hold and 1 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
ArcelorMittal S.A. is expected to release its quarterly report on 02/09/2023.The EPS is expected to shrink by -24.60% this year.
ArcelorMittal S.A. (MT) Top Institutional Holders
The shares outstanding are 892.00M, and float is at 693.16M with Short Float at 0.67%.
ArcelorMittal S.A. (MT): Who are the competitors?
The company’s main competitors (and peers) include United States Steel Corporation (X) that is trading 1.10% up over the past 12 months and Nucor Corporation (NUE) that is 27.14% higher over the same period. Gerdau S.A. (GGB) is 25.32% up on the 1-year trading charts.