ArcelorMittal shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term. Investors have an opportunity to buy the stock and target the € 28.1.
The company has solid fundamentals for a short-term investment strategy.
The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.51 for the 2020 fiscal year.
Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
For the past twelve months, EPS forecast has been revised 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.
The stock is in a well-established, long-term rising trend above the technical support level at 12.45 EUR
Stock prices approach a strong long-term resistance in weekly data at EUR 20.3.
The stock is close to a major daily resistance at EUR 20.79, which should be gotten rid of so as to gain new appreciation potential.
As estimated by analysts, this group is among those businesses with the lowest growth prospects.
The company does not generate enough profits, which is an alarming weak point.
Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
ę MarketScreener.com 2021
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