Wall Street Analyst Downgrade ArcelorMittal S.A. [MT]. What else is Wall St. saying

ArcelorMittal S.A. [NYSE: MT] loss -2.20% or -0.53 points to close at $23.51 with a heavy trading volume of 3232286 shares. The company report on June 28, 2022 that ArcelorMittal publishes its 2021 Payments to Governments in respect of Extractive Industries report.

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28 June 2022, 17:45 CET.

ArcelorMittal (’the Company’) has today filed its 2021 Payments to Governments in respect of Extractive Industries report, which provides a consolidated overview of payments made by the Company and its subsidiaries in 2021 to governments regarding its mining operations.

It opened the trading session at $23.89, the shares rose to $23.97 and dropped to $23.18, the range by which the price of stock traded the whole day. The daily chart for MT points out that the company has recorded -27.66% loss over the past six months. However, it is still -2.57% lower than its most recent low trading price.

If we look at the average trading volume of 3.97M shares, MT reached to a volume of 3232286 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about ArcelorMittal S.A. [MT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MT shares is $51.43 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MT stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for ArcelorMittal S.A. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 22, 2022. The new note on the price target was released on January 27, 2022, representing the official price target for ArcelorMittal S.A. stock. Previously, the target price had yet another raise from $34 to $42, while Credit Suisse kept a Outperform rating on MT stock.

The Average True Range (ATR) for ArcelorMittal S.A. is set at 1.09, with the Price to Sales ratio for MT stock in the period of the last 12 months amounting to 0.25. The Price to Book ratio for the last quarter was 0.42, with the Price to Cash per share for the same quarter was set at 6.44. Price to Free Cash Flow for MT in the course of the last twelve months was 2.54 with Quick ratio for the last quarter at 0.70.

Trading performance analysis for MT stock

ArcelorMittal S.A. [MT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.84. With this latest performance, MT shares dropped by -29.08% in over the last four-week period, additionally sinking by -27.66% over the last 6 months – not to mention a drop of -24.84% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MT stock in for the last two-week period is set at 29.83, with the RSI for the last a single of trading hit 25.61, and the three-weeks RSI is set at 33.54 for ArcelorMittal S.A. [MT]. The present Moving Average for the last 50 days of trading for this stock 28.91, while it was recorded at 23.82 for the last single week of trading, and 30.83 for the last 200 days.

ArcelorMittal S.A. [MT]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and ArcelorMittal S.A. [MT] shares currently have an operating margin of +21.89 and a Gross Margin at +24.83. ArcelorMittal S.A.’s Net Margin is presently recorded at +19.53.

Return on Total Capital for MT is now 29.69, given the latest momentum, and Return on Invested Capital for the company is 28.69. Return on Equity for this stock inclined to 34.51, with Return on Assets sitting at 17.26. When it comes to the capital structure of this company, ArcelorMittal S.A. [MT] has a Total Debt to Total Equity ratio set at 18.33. Additionally, MT Total Debt to Total Capital is recorded at 15.49, with Total Debt to Total Assets ending up at 9.84. Long-Term Debt to Equity for the company is recorded at 14.40, with the Long-Term Debt to Total Capital now at 12.17.

Reflecting on the efficiency of the workforce at the company, ArcelorMittal S.A. [MT] managed to generate an average of $80,131 per employee. Receivables Turnover for the company is 14.15 with a Total Asset Turnover recorded at a value of 0.88.ArcelorMittal S.A.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.60.

An analysis of insider ownership at ArcelorMittal S.A. [MT]

There are presently around $1,226 million, or 5.80% of MT stock, in the hands of institutional investors. The top three institutional holders of MT stocks are: GQG PARTNERS LLC with ownership of 8,617,212, which is approximately -57.428% of the company’s market cap and around 44.80% of the total institutional ownership; ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, holding 5,349,935 shares of the stock with an approximate value of $128.61 million in MT stocks shares; and FMR LLC, currently with $112.84 million in MT stock with ownership of nearly 207.025% of the company’s market capitalization.

113 institutional holders increased their position in ArcelorMittal S.A. [NYSE:MT] by around 19,400,543 shares. Additionally, 109 investors decreased positions by around 20,805,168 shares, while 34 investors held positions by with 10,787,465 shares. The mentioned changes placed institutional holdings at 50,993,176 shares, according to the latest SEC report filing. MT stock had 35 new institutional investments in for a total of 4,359,646 shares, while 40 institutional investors sold positions of 2,133,000 shares during the same period.


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