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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  ArcelorMittal    MT   LU1598757687

ARCELORMITTAL (MT)
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OFFRE

Jordan Dufee

Analyst
 
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A support level that should be taken advantage of

Strategy published on 09/12/2018 | 08:57
long trade
Target price hit
Entry price : 24.625€ | Target : 27.1€ | Stop-loss : 23.4€ | Potential : 10.05%
The recent downturn has taken ArcelorMittal shares close to a medium term support level around 24.3 EUR. The timing for a long trade in the stock appears good.
Investors have an opportunity to buy the stock and target the € 27.1.
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • In a short-term perspective, the company has interesting fundamentals.

Strengths
  • The share is getting closer to its long-term support in weekly data, at EUR 23.66, which offers good timing for buyers.
  • Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 24.27 support.
  • The company shows low valuation levels, with an enterprise value at 0.47 times its sales.
  • Its low valuation, with P/E ratio at 5.32 and 5.68 for the ongoing fiscal year and 2019 respectively, makes the stock pretty attractive with regard to earnings multiples.
  • Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
  • Over the past year, analysts have regularly revised upwards their sales forecast for the company.
  • Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
  • For several months, analysts have been revising their EPS estimates roughly upwards.
  • For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
  • Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
  • The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

Weaknesses
  • According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
  • Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
  • The group usually releases earnings worse than estimated.
  • The company is not the most generous with respect to shareholders' compensation.
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials ($)
Sales 2018 78 174 M
EBIT 2018 7 695 M
Net income 2018 5 575 M
Debt 2018 7 638 M
Yield 2018 0,94%
P/E ratio 2018 6,08
P/E ratio 2019 6,50
EV / Sales 2018 0,52x
EV / Sales 2019 0,49x
Capitalization 33 267 M
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Chart ARCELORMITTAL
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ArcelorMittal Technical Analysis Chart | MarketScreener
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ArcelorMittal Technical Analysis Chart | MarketScreener