ArcelorMittal (MT) Stock Forecast & Predictions

ArcelorMittal - New York Shares - Level III MT: $29.14

, 24 26 Boulevard Davranches, Luxembourg, Luxembourg. | Sector: Manufacturing | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: http://www.arcelormittal.com/

  • Market Cap$32.43B
  • Change (52 Weeks)209.91%
  • Low (52 Weeks)$7.58
  • ArcelorMittal (MT) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, ArcelorMittal (MT) stock price is $29.14 and the 52 weeks low is $7.58, which means the ArcelorMittal stock price is up 209.91% in the last 12 months.

    ArcelorMittal (MT) Stock Price has been Trending Strongly with an ADX reading of 41.02 as per the Weekly Chart.

    A Upward trend indicates that ArcelorMittal (MT) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that MT Stock price might rise further, 18.75% indicating that MT Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall MT stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    ArcelorMittal (MT) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for ArcelorMittal (MT) is based on 25 Institutional Analyst Ratings where 60.00% are on Strong Buy, 28.00% on Moderate Buy, 12.00% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 25 Institutional Analysts, majority recommended MT stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of ArcelorMittal.

    ArcelorMittal (MT) Stock Price Prediction By Analysts


    HighLowAverage
    $44.10$27.27$36.99
    $36.9926.92% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for MT set by the institutional analysts is $36.99 where High Estimate is $44.10, Median $38.300999999999995 and Low $27.27.

    The average price target for MT by Institutional Analysts is $36.99, which is 26.92% Upside from the current price. So according to the Institutional Analysts, MT Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    ArcelorMittal (MT) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 388,226 investor portfolio.

    Our algorithm has analysed 388,226 investor portfolio with MT stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about MT and holding their positions hoping for a further rise in the stock price and more profit.

    ArcelorMittal (MT) Stock Forecast Based on News Sentiment


    Bullish
    Based on 8 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about MT, it shows that ArcelorMittal had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that MT stock price may surge in the next few weeks.

    ArcelorMittal (MT) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    KeyBancOverweightMaintained
    KeyBancOverweightMaintained
    Societe GeneraleBuyUpgraded
    KeyBancOverweightMaintained
    KeyBancOverweightMaintained
    B of A SecuritiesBuyUpgraded
    KeyBancOverweightMaintained
    KeyBancOverweightMaintained
    KeyBancOverweightMaintained
    KeyBancOverweightMaintained
    KeyBancOverweightMaintained
    KeyBancOverweightMaintained
    KeyBancOverweightUpgraded
    UBSBuyUpgraded
    CommerzbankHoldDowngraded
    Credit SuisseOutperformInitiated
    KeyBancSector WeightInitiated
    UBSNeutralUpgraded
    MacquarieOutperformInitiated
    UBSSellDowngraded
    Cowen & Co.Market PerformDowngraded
    Deutsche BankBuyUpgraded
    Bank of AmericaBuyUpgraded
    UBSSellDowngraded
    RBC CapitalOutperformUpgraded
    Bank of AmericaNeutralDowngraded
    JP MorganNeutralUpgraded
    CitigroupBuyUpgraded
    JefferiesBuyUpgraded
    JP MorganUnderweightDowngraded
    Credit SuisseOutperformUpgraded
    Goldman SachsBuyUpgraded
    BerenbergBuyUpgraded
    Morgan StanleyOverweightInitiated
    JefferiesHoldUpgraded
    Cowen & Co.Market PerformDowngraded
    JP MorganNeutralDowngraded
    Goldman SachsNeutralUpgraded
    Deutsche BankHoldMaintained
    Goldman SachsBuyMaintained
    JefferiesUnderperformDowngraded
    Deutsche BankHoldMaintained
    RBC CapitalSector PerformDowngraded
    HSBCHoldDowngraded
    CitigroupNeutralDowngraded
    Credit SuisseNeutralDowngraded
    JP MorganOverweightUpgraded
    ABN AmroBuyUpgraded
    Bank of AmericaBuyUpgraded
    Stephens & Co.OverweightInitiated
    Exane BNP ParibasUnderperformDowngraded
    Clarksons PlatouBuyInitiated
    CitigroupSellDowngraded
    JefferiesHoldDowngraded
    Deutsche BankHoldMaintained
    Nord/LBBuyUpgraded
    CitigroupNeutralDowngraded
    Deutsche BankHoldDowngraded
    MacquarieNeutralDowngraded
    Credit SuisseOutperformUpgraded
    Exane BNP ParibasNeutralUpgraded
    Deutsche BankBuyMaintained
    S&P Capital IQHoldUpgraded
    Goldman SachsSellDowngraded
    Credit SuisseNeutralDowngraded
    Kepler CheuvreuxReduceDowngraded
    ABN AmroHoldDowngraded
    Kepler CheuvreuxHoldDowngraded
    Bank of AmericaNeutralDowngraded
    RBC CapitalOutperformUpgraded
    Deutsche BankBuyMaintained
    NomuraReduceDowngraded
    BernsteinOutperformInitiated
    Exane BNP ParibasUnderperformDowngraded
    UBSSellDowngraded
    Deutsche BankBuyUpgraded
    MainfirstOutperformUpgraded
    MacquarieOutperformUpgraded
    RBC CapitalSector PerformDowngraded
    Morgan StanleyUnderweightDowngraded
    BarclaysUnderweightInitiated
    BTIG ResearchNeutralUpgraded
    INGBuyUpgraded
    NomuraBuyUpgraded
    LiberumHoldUpgraded
    CitigroupBuyUpgraded
    UBSBuyUpgraded
    HSBCNeutralUpgraded
    HSBCUnderweightDowngraded
    UBSNeutralDowngraded
    RBC CapitalSector PerformDowngraded
    Societe GeneraleBuyUpgraded
    Bank of AmericaBuyUpgraded
    CitigroupNeutralDowngraded
    Credit SuisseOutperformMaintained
    Dahlman RoseHoldDowngraded
    Bank of AmericaNeutralDowngraded
    Credit SuisseOutperformMaintained
    Deutsche BankHoldMaintained
    InvestecHoldDowngraded

    ArcelorMittal (MT) Stock Earning Per Share (EPS) Forecast / Estimate


    $2.081
    The average consensus EPS for MT is $2.081 with a high estimate of $2.121 and Low of $1.980 for the period 2021-06-30 and based on 5 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.2$0.128752020-12-31


    The latest average Earning Per Share Estimate for ArcelorMittal is $2.08, which is higher than MT's last EPS, $0.20. This means that Analysts are expecting ArcelorMittal to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of ArcelorMittal.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.2$0.128752020-12-31
    $-0.19$-0.30204752020-09-30
    $-0.3$-0.392432020-06-30
    $-1.02$-0.0540752020-03-31
    $-1.04$0.0257500000000000022019-12-31
    $-0.53$-0.473800000000000052019-09-30
    $0.49$0.57165000000000012019-06-30
    $0.55$0.59817252019-03-31
    $1.67$0.69182012018-12-31
    $1.67$1.48603252018-09-30
    $2.19$1.44946752018-06-30
    $1.35$1.04971422018-03-31
    $1.19$0.87552017-12-31
    $0.89$0.81542012017-09-30
    $1.08$1.03481012017-06-30
    $0.98$0.74162017-03-31
    $0.72$0.09272016-12-31
    $0.66$0.24003122016-09-30
    $0.63$0.06182016-06-30
    $-0.3$-0.0169952016-03-31
    $-0.48853$-0.02011592015-12-31
    $-0.09305$-0.234809100000000022015-09-30
    $0.18611$-0.10363862015-06-30
    $-0.95379$-0.063097800000000012015-03-31
    $0.30242$0.63737432014-12-31
    $0.81421$0.479228100000000052014-09-30
    $0.46526$0.57804632014-06-30
    $-0.27916$0.34743962014-03-31
    $0.04653$0.49900412013-12-31
    $0.23263$0.071873399999999992013-09-30
    $-0.41874$0.138277500000000032013-06-30
    $-0.48853$-0.3176522013-03-31
    $-0.81421$-0.42589472012-12-31
    $-0.61415$-0.39774482012-09-30
    $1.15153$0.93509582012-06-30
    $0.27916$0.30767132012-03-31
    $-0.8305$0.14856722011-12-31
    $1.07476$1.29121832011-09-30
    $2.16348$2.13389222011-06-30
    $0.93983$1.21242330000000022011-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).