An Estimate Of Target Price: ArcelorMittal (MT), Aflac Incorporated (AFL)

MT trading volume has lost -608645 shares compared to readings over the past three months as it recently exchanged 2351355 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2960000 shares, and this is 0.79 times the normal volume. A look at its technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 50.18 point.

ArcelorMittal (NYSE:MT) dipped by -22.51% over the past three months which led to its overall six-month decrease to stand at -26.06%. The equity price rose 3.2% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 1.81% gain over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -38.74% and is now up by 6.24% since start of this year.

The shares of ArcelorMittal dropped by -41.44% or -$15.54 from its last recorded high of $37.5 which it attained on January 29 to close at $21.96 per share. Over the past 52 weeks, the shares of ArcelorMittal has been trading as low as $19.5 before witnessing a massive surge by 12.62% or $2.46. This price movement has led to the MT stock receiving more attention and has become one to watch out for. It dipped by -2.01% on Sunday and this got the market worried. The stock’s beta now stands at 2.46 and when compared to its 200-day moving average and its 50-day moving average, MT price stands -24.73% below and -3.96% below respectively. Its average daily volatility for this week is 2.21% which is less than the 2.97% recorded over the past month.

Experts from research firms are bullish about the near-term performance of ArcelorMittal (MT) with most of them predicting a $38.15 price target on a short-term (12 months) basis. The average price target by the analysts will see a 73.72% rise in the stock and would lead to MT’s market cap to surge to $39.68B. The stock has been rated an average 0, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 4 analysts that track ArcelorMittal (NYSE:MT) and find out that 0 of them rated it as a Hold. 4 of the 4 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Aflac Incorporated (NYSE:AFL) currently stands at $45.69 after it went down by $-0.08 or -0.17% and has found a strong support at $45.41 a share. If the AFL price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $45.13 mark would also be bad for the stock as it means that the stock would plunge by 1.23% from its current position. However, if the stock price is able to trade above the resistance point around $45.91, then it could likely surge higher to try and break the upward resistance which stands at $46.13 a share. Its average daily volatility over the past one month stands at 2.32%. The stock has plunged by 0.74% from its 52-weeks high of $45.35 which it reached on Sep. 24, 2018. In general, it is 9.37% above its 52-weeks lowest point which stands at $41.41 and this setback was observed on Sep. 02, 2018.

Analysts have predicted a price target for Aflac Incorporated (AFL) for 1 year and it stands at an average $46.86/share. This means that it would likely increase by 2.56% from its current position. The current price of the stock has been moving between $45.35 and $45.85. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $40. On the other hand, one analyst is super bullish about the price, setting a target as high as $53.

The AFL stock Stochastic Oscillator (%D) is at 85.28%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 1.58 which compares to the 1.01 recorded by the industry or the 10.24 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 10.88, which is lower than the 11.67 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 1.9% over the past five years.

Analysts view Aflac Incorporated (NYSE:AFL) as a Hold, with 2.9 consensus rating. Reuters surveyed 16 analysts that follow AFL and found that 10 of those analysts rated the stock as a Hold. The remaining 6 were divided, with 4 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Aflac Incorporated (AFL) shares or sell it if they already own it.