Recent important negative changes in fundamentals have impacted Arcelormittal SA (NYSE: MT). Negative developments: the stock’s power rating fell below 50, significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.
Arcelormittal SA (NYSE: MT) suffers from notable negative changes in investment behavior: negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
MT is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Arcelormittal has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Arcelormittal has a very high Appreciation Score of 98 but a poor Power Rating of 18, resulting in the High Neutral Value Trend Rating.
Recent Price Action
Arcelormittal SA (NYSE: MT) stock declined modestly by -1.5% on 8/2/24. The stock closed at $21.10. Moreover, this decline was accompanied by above average trading volume at 140% of normal. The stock has declined -6.3% during the last week and has been weak relative to the market over the last nine months.
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