Stock Rating Downgrade
In recent days the Value Trend Rating for Arcelormittal SA (NYSE: MT) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 8/1/24, Arcelormittal SA (NYSE: MT) stock suffered a large decline of -6.3%, closing at $21.42. Moreover, exceptionally high trading volume at 208% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -3.7% during the last week.
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 22, resulting in the High Neutral Value Trend Rating.
Be the first to comment