Rating of The Day: Is ArcelorMittal (MT) a Buy? RBC Capital Upgrades It

November 25, 2016 - By Winifred Garcia

Rating of The Day:  Is ArcelorMittal (MT) a Buy? RBC Capital Upgrades It

ArcelorMittal (MT) Upgrade

Trading of ArcelorMittal (MT)‘s shares is going to be interesting today. RBC Capital upgraded the stock from a Sector Perform to a Outperform.

ArcelorMittal SA (ADR) (NYSE:MT) Ratings Coverage

Out of 2 analysts covering ArcelorMittal (MT), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. ArcelorMittal has been the topic of 2 analyst reports since October 13, 2016 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Thursday, October 13 by Goldman Sachs. Bank of America downgraded the shares of MT in a report on Tuesday, November 8 to “Neutral” rating.

The stock decreased 1.18% or $0.09 during the last trading session, hitting $7.56. About 12,200 shares traded hands. ArcelorMittal SA (ADR) (MT) has risen 33.10% since April 22, 2016 and is uptrending. It has outperformed by 27.69% the S&P500.

Analysts await ArcelorMittal SA (ADR) (NYSE:MT) to report earnings on February, 3. They expect $0.13 earnings per share, up 165.00% or $0.33 from last year’s $-0.2 per share. MT’s profit will be $391.55 million for 14.54 P/E if the $0.13 EPS becomes a reality. After $0.22 actual earnings per share reported by ArcelorMittal SA (ADR) for the previous quarter, Wall Street now forecasts -40.91% negative EPS growth.

ArcelorMittal S.A. is a holding company. The company has a market cap of $22.77 billion. The Firm is an integrated steel and mining company. It currently has negative earnings. ArcelorMittal operates through five divisions: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.

According to Zacks Investment Research, “ArcelorMittal (MT) is the world’s leading steel and mining company. With a presence in more than 60 countries, it operates a balanced portfolio of cost competitive steel plants across both the developed and developing world. It is the leader in all the main sectors automotive, household appliances, packaging and construction. The company is also the world’s fourth largest producer of iron ore, with a global portfolio of 16 operating units with mines in operation or development.”

MT Company Profile

ArcelorMittal S.A. (ArcelorMittal), incorporated on June 21, 2001, is a holding company. The Firm is an integrated steel and mining company. ArcelorMittal operates through five divisions: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. It produces a range of finished and semi-finished steel products (semis). ArcelorMittal produces flat steel products, including sheet and plate, and long steel products, including bars, rods and structural shapes. In addition, ArcelorMittal produces pipes and tubes for various applications.

More news for ArcelorMittal SA (ADR) (NYSE:MT) were recently published by: Fool.com, which released: “ArcelorMittal SA (ADR) Stock Weighted Down by Capital-Raising Plans” on February 05, 2016. Investorplace.com‘s article titled: “Bull of the Day: ArcelorMittal SA (ADR) (MT)” and published on August 02, 2016 is yet another important article.

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