kusadasi schreef op 26 april 2017 15:28:
ArcelorMittal SA (MT) Expected to Post FY2018 Earnings of $0.90 Per Share
April 25th, 2017 - By Teresa Graham - 0 comments
ArcelorMittal SA logoArcelorMittal SA (NYSE:MT) – Equities research analysts at Jefferies Group increased their FY2018 earnings estimates for shares of ArcelorMittal SA in a report released on Thursday. Jefferies Group analyst S. Rosenfeld now forecasts that the basic materials company will post earnings of $0.90 per share for the year, up from their prior estimate of $0.75. Jefferies Group currently has a “Buy” rating and a $10.50 target price on the stock.
Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of ArcelorMittal SA from a “buy” rating to a “hold” rating in a report on Tuesday, March 21st. Cowen and Company raised shares of ArcelorMittal SA from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $10.00 to $11.00 in a report on Thursday, March 23rd. They noted that the move was a valuation call. Bank of America Corp raised shares of ArcelorMittal SA from a “neutral” rating to a “buy” rating in a report on Friday, February 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of ArcelorMittal SA in a report on Tuesday, January 31st. Finally, Goldman Sachs Group Inc raised shares of ArcelorMittal SA from a “neutral” rating to a “conviction-buy” rating in a report on Thursday, February 2nd. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $7.50.