Should I Buy Arcelormittal Stock
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should i buy arcelormittal stock
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The current consensus among 16 polled investment analysts is to Buy stock in ArcelorMittal SA. This rating has held steady since March, when it was unchanged from a Buy rating.Move your mouse over pastmonths for detail
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Analysts who follow ArcelorMittal SA (MT) on average expect it to gain 12.24% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns the stock an Analyst Ranking of 23, which means it ranks higher than 23 of stocks, based on data compiled by InvestorsObserver. (adsbygoogle = window.adsbygoogle ).push(); Wall Street analysts are rating MT a Buy today. Find out what this means to you and get the rest of the rankings on MT!See Full MT ReportWhy are Analyst Ratings Important?Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve.InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating. (adsbygoogle = window.adsbygoogle ).push(); What's Happening With ArcelorMittal SA Stock Today?ArcelorMittal SA (MT) stock is down -0.44% while the S&P 500 has gained 0.52% as of 10:37 AM on Wednesday, Jan 11. MT has fallen -$0.13 from the previous closing price of $29.65 on volume of 371,940 shares. Over the past year the S&P 500 is down -16.41% while MT has fallen -16.59%. MT earned $13.74 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.15. Click Here to get the full Stock Report for ArcelorMittal SA stock.
If this kind of company isn't your style, you like companies that generate revenue, and even earn profits, then you may well be interested in ArcelorMittal South Africa (JSE:ACL). While profit isn't the sole metric that should be considered when investing, it's worth recognising businesses that can consistently produce it.
If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS) outcomes. Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS. Recognition must be given to the that ArcelorMittal South Africa has grown EPS by 47% per year, over the last three years. Growth that fast may well be fleeting, but it should be more than enough to pique the interest of the wary stock pickers.
It's a necessity that company leaders act in the best interest of shareholders and so insider investment always comes as a reassurance to the market. So it is good to see that ArcelorMittal South Africa insiders have a significant amount of capital invested in the stock. As a matter of fact, their holding is valued at R350m. That shows significant buy-in, and may indicate conviction in the business strategy. As a percentage, this totals to 6.2% of the shares on issue for the business, an appreciable amount considering the market cap.
ArcelorMittal South Africa's earnings have taken off in quite an impressive fashion. An added bonus for those interested is that management hold a heap of stock and the CEO pay is quite reasonable, illustrating good cash management. The sharp increase in earnings could signal good business momentum. ArcelorMittal South Africa certainly ticks a few boxes, so we think it's probably well worth further consideration. We should say that we've discovered 3 warning signs for ArcelorMittal South Africa that you should be aware of before investing here.
There's always the possibility of doing well buying stocks that are not growing earnings and do not have insiders buying shares. But for those who consider these important metrics, we encourage you to check out companies that do have those features. You can access a free list of them here.
ArcelorMittal stock is a typical example of a cyclical stock. When things are good in the steel sector, the company makes a lot of money while when things turn bad, it gets very ugly for the sector and especially for shareholders.
All of that is perfectly explained by the above MT stock chart. In the 2000s everything was booming on Chinese demand growth while after 2009 it was all downhill for the sector with some ups in 2010 and 2018 but it took more than a decade to digest all the investments made back then in exuberant times. However, after a decade of negative sentiment and low prices, the sun might shine again for steel producers, especially as governments push on infrastructure deals to keep their economies going forward.
When I compare the above to Aperam (Aperam stock analysis), which is another steel stock I analyzed in this overview of stocks traded on the Amsterdam Stock Exchange, Aperam seems cheaper and carries less risk given the no debt position already there.
About the author: Sven Carlin Ph.D. is a dedicated investing educator and stock market researcher focused on finding investment opportunities with a value investing perspective. His research is summarized on the Sven Carlin Research Platform where he covers many stocks and shows his portfolios. The educational part is shared on YouTube and the Free Stock Market Investing Course.
What could be expected from this mining stock in light of recent developments? In this article, we analyse the latest ArcelorMittal stock news along with its price action and fundamentals to outline plausible scenarios for the future.
Wallet Investor believed in a positive ArcelorMittal stock potential and predicted that the price could hit $38.07 by the end of 2025. Although the service did not provide targets for 2030, its five-year MT stock forecast suggested the price to trade at an average of $37.40 in March 2027.
Forecasts were mixed,as of 23 March. Traders are encouraged to take a closer look at the technical and fundamental variables to form their own opinions about the ArcelorMittal stock future price before investing.
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In opposition to this catastrophic policy, steelworkers should fight for the unity of workers around the world against the global metal giants and the relentless assault on living standards and working conditions. The fight for the most elemental needs of workers requires new organizations of struggle, including factory committees, which are controlled democratically by the rank and file, independent of the corporate-controlled unions and committed to a real struggle to defend the rights of workers to good-paying and secure jobs.
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