Deutsche Bank Analysts Give Vale (NYSE:VALE) a $15.00 Price Target

Deutsche Bank set a $15.00 price objective on Vale (NYSE:VALE) in a report published on Thursday morning, Stock Target Advisor reports. The brokerage currently has a hold rating on the basic materials company’s stock.

Several other research firms have also weighed in on VALE. Zacks Investment Research lowered shares of GALP ENERGIA SG/ADR from a hold rating to a sell rating in a research note on Monday, May 6th. Barclays set a $14.00 price objective on shares of Vale and gave the stock a buy rating in a research note on Friday, April 12th. Bank of America reiterated a buy rating and set a C$11.00 price objective on shares of CannTrust in a research note on Friday, May 24th. TheStreet upgraded shares of ZTO Express (Cayman) from a c+ rating to a b rating in a research note on Thursday, May 16th. Finally, ValuEngine upgraded shares of Zuora from a hold rating to a buy rating in a research note on Saturday, July 6th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $14.22.

Shares of VALE stock opened at $13.80 on Thursday. The company has a market capitalization of $72.21 billion, a PE ratio of 7.46, a price-to-earnings-growth ratio of 1.77 and a beta of 1.06. Vale has a one year low of $10.89 and a one year high of $16.13. The stock’s 50-day moving average is $13.06. The company has a quick ratio of 0.82, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

Vale (NYSE:VALE) last released its quarterly earnings data on Friday, May 10th. The basic materials company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.09). The business had revenue of $8.20 billion for the quarter, compared to analyst estimates of $9.61 billion. Vale had a return on equity of 23.20% and a net margin of 10.03%. On average, equities research analysts expect that Vale will post 1.85 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the business. FMR LLC increased its stake in shares of Vale by 4.8% in the first quarter. FMR LLC now owns 19,295,751 shares of the basic materials company’s stock valued at $252,003,000 after purchasing an additional 876,702 shares during the period. FIL Ltd increased its stake in shares of Vale by 145.9% in the first quarter. FIL Ltd now owns 17,602,739 shares of the basic materials company’s stock valued at $229,892,000 after purchasing an additional 10,443,564 shares during the period. Norges Bank acquired a new stake in shares of Vale in the fourth quarter valued at approximately $172,007,000. Bank of America Corp DE increased its stake in shares of Vale by 56.9% in the fourth quarter. Bank of America Corp DE now owns 11,685,149 shares of the basic materials company’s stock valued at $154,127,000 after purchasing an additional 4,238,857 shares during the period. Finally, Baillie Gifford & Co. acquired a new stake in shares of Vale in the first quarter valued at approximately $137,831,000. Institutional investors own 19.06% of the company’s stock.

About Vale

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services; and provides related logistic services.

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Analyst Recommendations for Vale (NYSE:VALE)

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