ArcelorMittal (NYSE:MT) registered a 0.25% increase, still its new closing price is 177.13% up from the company’s 1 year high of 8.84.It posted -0.85% losses in previous 5 sessions and is now the subject of 3 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 1 buy or better ratings. The 7 stock analysts following this company have an average price target at $8.82, with individual PT in the $5.11-$12.00 range. The shares moved at $8.12, implying that brokerage firms see shares gaining about 102.49% in twelve months time.
ArcelorMittal (MT) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 11.23% rise year to date. A – at ArcelorMittal (MT) offloaded shares in a transaction closed on Friday August 24, 2007. – sold 10,999 shares in the company at $0 each and collected $0 in proceeds. – now owns 0 shares in the company after this transaction. A – in the company, -, disclosed a transaction on Friday August 24, 2007 that ended up paying $316,000 from the purchase of 10,999 shares at $28.75 per share.
ArcelorMittal (NYSE:MT) Upcoming Results on Tap
ArcelorMittal will next provide financial results for the December 2017 quarter. Stock analysts expect it to report per-share earnings of $0.26 in that period. Sales during the quarter are predicted to arrive at $65.08 billion.
Earnings surprise history: Last quarter, the company posted approximately $14.52 billion in revenue and EPS of $0.22. The mean forecast was for $14.72 billion and $0.27 a share, respectively. One quarter earlier, revenue for the stock was at $14.74 billion, with earnings at $0.21/share.
ArcelorMittal (MT) Brokerage Update
ArcelorMittal (MT) is in RBC Capital Mkts’s research list so their analyst rating change is noteworthy. These shares were upgraded to Outperform from Sector Perform by RBC Capital Mkts, according to news reported on Friday November 25, 2016.Another important research note was issued by BofA/Merrill on Tuesday November 08, 2016.The firm downgraded MT to Neutral from Buy. Over the last six months and over the last three months, the shares of ArcelorMittal (MT), have changed 32.03% and 20.65%, respectively.