Kepler Capital Sticks to Their Buy Rating for ArcelorMittal (0RP9)

Kepler Capital analyst Boris Bourdet maintained a Buy rating on ArcelorMittal on April 15 and set a price target of €59.00. The company’s shares closed last Wednesday at €52.28.

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According to TipRanks, Bourdet is ranked #117 out of 12147 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ArcelorMittal with a €53.62 average price target, which is a 2.56% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a €62.00 price target.

Based on ArcelorMittal’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €14.97 billion and a net profit of €177 million. In comparison, last year the company earned a revenue of €14.71 billion and had a GAAP net loss of €390 million

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0RP9 in relation to earlier this year.