This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

8 Stocks Slump to 52-Week Lows

Stocks in this article: MCPNOKFSLRPCSNTRIBTUMTACI

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Arch Coal

Shares of Arch Coal hit a 52-week low on Thursday of $6.29. The stock's 52-week high of $30.29 was set one year ago.

"Following ACI's analyst day, despite the significant selloff in the shares (which in our view is overdone, especially given the recent credit facility alleviates near-term liquidity concerns), we continue to see a lack of near-term positive catalysts in the coal sector," Credit Suisse analysts wrote in a May 24 report. "Given our still cautious view on the thermal coal markets, softness in the high vol met market and possible goodwill impairments, we maintain our Neutral Rating. Our Target Price declines from $11 to $8, which represents 6.6x our 2013 EBITDA estimate."

Arch Coal's forward P/E is 91.86; the average for coal companies is 16.69. For comparison, Consol Energy (CNX) has a lower forward P/E of 11.65.

Fourteen of the 30 analysts who cover Arch Coal rated it hold. Eleven analysts gave the stock a buy rating and five rated the stock sell.

The stock has fallen 55.55% year to date.






ArcelorMittal

Shares of ArcelorMittal hit a 52-week low on Thursday of $13.62. The stock's 52-week high of $35.31 was set on July 1.

"Our 12-month price objective is set at EUR20/sh (US$27/ADR)," Bank of America Merrill Lynch analysts wrote in a May 23 report. "Our price objective is based on 7x 2012E EBITDA, in line with ArcelorMittal's historical average EV/EBITDA multiple of 7x."

ArcelorMittal's forward P/E is 4.76; the average for iron and steel companies is 6.79.

Six of the eight analysts who cover ArcelorMittal rated it buy; two analysts gave the stock a hold rating.

The stock has declined 23.8% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

2 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs