A strong break-out to the upside has recently been seen in ArcelorMittal. The current technical chart pattern could allow for a continuation of the upward dynamic. Investors have an opportunity to buy the stock and target the € 13.05.
The company shows low valuation levels, with an enterprise value at 0.38 times its sales.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
Low profitability weakens the company.
Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
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.
For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
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