- ArcelorMittal launches a robust share buyback plan running through May 2030.
- Analysts forecast a potential 27.57% price increase for ArcelorMittal.
- Consensus indicates an "Outperform" status for the steel giant.
ArcelorMittal (MT) has announced a significant share buyback initiative, set to run until May 2030. This initiative begins with the purchase of up to 10 million shares. The strategy is designed to refine the company's capital structure, bolster employee incentive schemes, and manage its equity obligations. This plan is driven by the company’s robust free cash flow and prevailing market conditions.
Wall Street Analysts' Forecast
According to data from five analysts, the average one-year price target for ArcelorMittal SA (MT) is projected at $31.56, with estimates ranging from a high of $36.20 to a low of $28.50. This average target suggests a promising upside potential of 27.57% from the current trading price of $24.74. For a deeper dive into these estimates, visit the ArcelorMittal SA (MT, Financial) Forecast page.
The consensus recommendation from five brokerage firms places ArcelorMittal SA (MT) at an average rating of 2.2, signaling an "Outperform" status. The rating scale ranges from 1, representing a Strong Buy, to 5, indicating a Sell.
Furthermore, GuruFocus estimates the GF Value for ArcelorMittal SA (MT) in one year to be $24.31, suggesting a modest downside of 1.74% from the current price of $24.74. The GF Value reflects GuruFocus' assessment of the fair price the stock should trade at, calculated based on historical multiples, past business growth, and future business performance projections. Explore more detailed data on the ArcelorMittal SA (MT, Financial) Summary page.
