ArcelorMittal SA (ADR) (NYSE:MT) plunged -1.25% during previous trade, a total of 22.56M shares exchanged hands compared with its average trading volume of 20.91M shares whereas its relative volume is 1.22. The stock has a market capitalization of $24.59B along with 3.06B outstanding shares. Stock’s intraday price range hit the peak level of $8.03 and touched the lowest level of $7.73.
Most recently ArcelorMittal SA (ADR) (NYSE:MT)’s price target was revised on 4/20/17 and according to 6 analysts stock’s price will reach at $11.53 during 52 weeks with standard deviation of 1.71. Stock’s minimum price target estimates has been figured out at $8.50 while the maximum price target forecast is established at $15, if we look at the price target with an optimistic approach it has upside potential of 61% from its latest closing price of $7.92.
Historically, if we look at price target revisions, three weeks ago ArcelorMittal SA (ADR) (NYSE:MT)’s price target was revised on 3/24/17 by the analysts, however the bullish price estimates of the stock set at $12.18 while the bearish estimates kept at $8.50 over the next one year. Stock’s 52-week target was retained at $10.54, the estimates indicates a standard deviation of 1.38.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.00. ABR value is precisely based on brokerage recommendations, where out of 7 brokerage recommendations 4 rate ArcelorMittal SA (ADR) (NYSE:MT) stock a Strong Buy, 1 rate the stocks of the company a Buy,1 rate Hold, 0 rate Sell and 1 recommend a Strong Sell. Most recently on 3/31/17 the stock of ArcelorMittal SA (ADR) (NYSE:MT) upgraded by JP Morgan from Neutral to Overweight. However previously on 2/10/17 it was upgraded by BofA/Merrill from Neutral to Buy. A research note issued on 11/25/16 the stock was upgraded by RBC Capital Mkts from Sector Perform to Outperform.
ArcelorMittal SA (ADR) (NYSE:MT) performance over the past one year soared 41.68% whereas its year to date (YTD) performance indicated a bullish trend of 8.49%. During the last six months the stock climbed 16.99%. Quarterly performance of the company shows declining momentum of -3.18% while its last one month trend is negative with -4.12%. Stock’s weekly performance expressed up trend of 8.94%.
The company’s price sits -6.59% below from its 50-day moving average of $8.23 and 9.29% far from the stock’s 200-day moving average which is $7.83. ArcelorMittal SA (ADR) (NYSE:MT)’s shares are currently trading -15.47% away from the 52-week high price of $9.37 and +89.47% far from the 52-week low price of $4.18.
According to consensus agreement of 2 analysts ArcelorMittal SA (ADR) (NYSE:MT) will report earnings per share of $0.15 in their quarterly report and it is expected to announce the company’s results on 5/5/17. For the current quarter the company has high EPS estimates of $0.23 in contradiction of low EPS estimates of $0.06. However a year ago for the same quarter the company has reported $-0.1 EPS. Current year EPS projections for ArcelorMittal SA (ADR) (NYSE:MT) set at $1 according to the sentiments of 6 analysts, while its lowest earnings estimates are $0.61 and highest earnings estimates are $1.48.
According to 2 analysts, ArcelorMittal SA (ADR) (NYSE:MT)’s revenue estimates for the current quarter are $16.67B meanwhile 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 to the projection of 6 analysts.