Analysts Review: ArcelorMittal SA (ADR) (NYSE:MT)

ArcelorMittal SA (ADR) (NYSE:MT) received “Upgrade” rating by JP Morgan in a research note issued to investors on Mar-31-17 from Neutral to Overweight.

Additionally on Mar-24-17 the stock was “Reiterated” by Credit Suisse as Outperform from $14 to $15 and on Mar-23-17 the stock was “Upgraded” by Cowen as Market Perform to Outperform from $10 to $11. Furthermore on Feb-10-17 the stock was “Upgraded” by BofA/Merrill from Neutral to Buy.

On the other hand the company has Relative Strength Index (RSI 14) of 22.10 along with Average True Range (ATR 14) of 0.28, Consequently ArcelorMittal SA (ADR) (NYSE:MT)’s weekly and monthly volatility is 3.52%, 3.11% respectively. The company’s beta value is at 2.62.

In terms of Buy, Sell or Hold recommendations, ArcelorMittal SA (ADR) (NYSE:MT) has an analyst’s mean recommendation of 2.10. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

ArcelorMittal SA (ADR) (NYSE:MT) shares traded -2.99% during the most recent session. Wall Street analysts covering the stock are projecting that the stock will reach $10.47 within the next 52-weeks. The mean target projections are based on 7 opinions, the mean target was last revised on 04/04/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have high price target of $15.00 and with a conservative view have low price target of $5.11 with a standard deviation of $1.38. If seeing target price from optimistic overview then it has an 80 percent upside potential from the latest closing price of $7.13.

While considering growth estimates of the company, it has next quarter growth estimates of 4.80% whereas during current quarter it has 240.00% estimations over growth, comparing to the estimations of 27.30% during current year and -18.40% for next year. Past 5 years growth of ArcelorMittal SA (ADR) (NYSE:MT) observed at -5.90%, looking forward for the next 5 years it has a strong prediction of 21.37% over growth.

ArcelorMittal SA (ADR) (NYSE:MT)’s revenue estimates for the current quarter are $16.67B according to 2 number of analysts, for the current quarter the company has high revenue estimates of $16.93B in contradiction of low revenue estimates of $16.41B. For the current year the company’s revenue estimates are $66.35B compared to low analyst estimates of $63.62B and high estimates of $70.43B according 6 number of analysts.

ArcelorMittal SA (ADR) (NYSE:MT)’s trailing twelve month revenues are $56.79B, whereas its price to sales ratio for the same period is 0.40. Its book value per share for the most recent quarter is $9.84 while its price to book ratio for the same period is 0.72, as for as the company’s cash per share for the most recent quarter is $0.79, however its price to cash per share ratio for the same period is 9.04. The stock has a current PEG of 0.67 where as its P/E ratio is 14.35.

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