NYSE:MT

24.85
0.09 (0.36%) 1d
0

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Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

The experts are not optimistic about ArcelorMittal (MT-N) stock as it is tied to commodities, which are likely to be at a peak and heading into a downturn. The stock has not shown significant growth since 2008 and there are better companies with growing free cash flow. It may be suitable for traders, but overall, it seems like a risky investment at the current state.

Consensus
Negative
Valuation
Overvalued
Similar
Vale,S.A. (VALE3.SA)
DON'T BUY
ArcelorMittal

Commodities move with the economic cycle. Likely this has peaked and is heading into a trough, so don't buy now. This stock hasn't done much since its 2008 peak. Maybe it's good for traders, but there are better companies that have growing free cash flow.

steel
WAIT
ArcelorMittal
It is mostly a European steel producer and is tied to steel prices. The question is will steel prices keep going higher. This can be affected by the Russian/Ukraine conflict. Also it is very exposed to appliances and autos and a bit to construction. The appliances and auto sectors are held up by the semi shortage so it is in the 'too hard to understand pile'.
steel
DON'T BUY
ArcelorMittal

A multinational steelmaker. He likes the division that sold to Cleveland Cliffs--you want to buy that. Newport is also good in the steel space.

steel
DON'T BUY
ArcelorMittal

(Market Call Minute.) One of the largest steel companies globally. The steel business has had a very tough time and will continue to have that. There is massive overcapacity in China.

steel
DON'T BUY
ArcelorMittal

Steel companies are really under the gun right now. Demand has slowed. There is a glut of supply and prices are falling very quickly. This company has a very high debt to cash flow ratio. It is very important to look at the leverage that they have. He owns a couple of their bonds, short dated ones. He prefers their debt because it ranks higher than their equity and doesn’t suffer if they cut the dividend.

steel
WATCH
ArcelorMittal

What do you think Chinese demand will be? That is the predictor of this stock. Prices are off and chart is awful. Well run but evident that people have concerns about Chinese demand. Watch until you see turn in Chinese demand.

steel
BUY
ArcelorMittal

This is one of a deep global cyclicals and has been battered around. Not a bad time to take a look at this one.

steel
SELL
ArcelorMittal
Seasonality comes in very strong at this time of year but unfortunately, this year, it is on the downside. Significantly underperforming the market at a time when seasonality is just starting to turn negative.
steel
COMMENT
ArcelorMittal
Biggest steel company globally. This is a longer pull and all depends on your view as to whether we are in a recovery phase or not. You need the economy to get going. Cheap enough on a valuation basis.
steel
COMMENT
ArcelorMittal
Largest steel maker globally. Like all the steel stocks it has been beaten down. Steel is the major industrial sensitive area. If you think the Chinese are going to re-stimulate their economy, there will be demand for its products. Entirely a macro economic call, and nothing to do with the company.
steel
BUY
ArcelorMittal
Steel stocks were amongst the very worst performing last year. Probably a good opportunity here where good quality steel companies are trading as low as 4X cash flow. Because of high fixed costs, they will never command huge multiples. If you own, there will probably be a holding period of about 2 years with a fair amount of volatility.
steel
COMMENT
ArcelorMittal
When you are looking at these big steel companies, you are looking at the Asian recoveries and do you buy or not? While Asia may not grow at the same rate that it has been growing at, but he thinks the fundamental story still holds. He would be more of a trader than an investor for the long pull.
steel
DON'T BUY
ArcelorMittal
Downside is still here because steel is a major factor in economic growth. Dividend is giving some support but could be cut or eliminated completely. Won’t go up any time soon.
steel
BUY
ArcelorMittal
This is something he would look at here. You might get a short-term boost here because he feels you are about to see India and China take their foot off the brake.
steel
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ArcelorMittal(MT-N) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for ArcelorMittal is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

ArcelorMittal(MT-N) Frequently Asked Questions

What is ArcelorMittal stock symbol?

ArcelorMittal is a American stock, trading under the symbol MT-N on the New York Stock Exchange (MT). It is usually referred to as NYSE:MT or MT-N

Is ArcelorMittal a buy or a sell?

In the last year, there was no coverage of ArcelorMittal published on Stockchase.

Is ArcelorMittal a good investment or a top pick?

ArcelorMittal was recommended as a Top Pick by on . Read the latest stock experts ratings for ArcelorMittal.

Why is ArcelorMittal stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is ArcelorMittal worth watching?

0 stock analysts on Stockchase covered ArcelorMittal In the last year. It is a trending stock that is worth watching.

What is ArcelorMittal stock price?

On 2024-10-11, ArcelorMittal (MT-N) stock closed at a price of $24.85.