Arcelormittal SA (NYSE: MT) has benefited from exceptional positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Arcelormittal SA (NYSE: MT) has benefited from meaningful positive changes in fundamentals. Positive developments: the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred. Negative development: significant quarterly sales deceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, MT is expected to continue to be a modest Value Builder.
Arcelormittal has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Arcelormittal has a neutral Power Rating of 57 but a very high Appreciation Score of 98, and the Highest Value Trend Rating results.
Recent Price Action
Arcelormittal SA (NYSE: MT) stock rose slightly by 0.07% on 1/26/24. The stock closed at $27.59. However, trading volume in this advance was exceptionally low at 39% of normal. The stock has performed in line with the market over the last nine months and has risen 3.3% during the last week.
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