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ArcelorMittal (0RP9) Gets a Buy from Citi

Tipranks - Tipranks - Mon Jun 15, 4:28AM CDT

ArcelorMittal received a Buy rating and a €67.00 price target from Citi analyst Ephrem Ravi yesterday.

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According to TipRanks, Ravi is a 5-star analyst with an average return of 15.5% and a 62.95% success rate.

Currently, the analyst consensus on ArcelorMittal is a Moderate Buy with an average price target of €53.97.

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Based on ArcelorMittal’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of €15.46 billion and a net profit of €575 million. In comparison, last year the company earned a revenue of €14.8 billion and had a net profit of €805 million

Based on the recent corporate insider activity of 18 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.

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