Credit Suisse Thinks ArcelorMittal’s Stock is Going to Recover

In a report issued on May 13, Andre Schafferling from Credit Suisse maintained a Buy rating on ArcelorMittal (MTResearch Report), with a price target of $24.50. The company’s shares closed yesterday at $17.15, close to its 52-week low of $16.56.

According to TipRanks.com, Schafferling is ranked #4043 out of 5181 analysts.

The the analyst consensus on ArcelorMittal is currently a Hold rating.

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ArcelorMittal’s market cap is currently $17.38B and has a P/E ratio of 3.99. The company has a Price to Book ratio of 0.41.

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ArcelorMittal SA is a holding company, which engages in steelmaking and mining activities. It operates through the following business segments: NAFTA, Europe, Brazil, ACIS, Mining, and Others. The NAFTA segment consists of flat products such as slabs, hot-rolled coil, cold-rolled coil, coated steel, and plate.

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