Companhia Siderurgica Nacional (NYSE:SID) Given Consensus Recommendation of “Hold” by Brokerages

Companhia Siderurgica Nacional (NYSE:SID) has earned an average rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $4.00.

Several research analysts have commented on SID shares. TheStreet upgraded shares of Companhia Siderurgica Nacional from a “c” rating to a “b-” rating in a report on Friday, June 21st. Morgan Stanley lowered shares of Companhia Siderurgica Nacional from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 11th. ValuEngine lowered shares of Companhia Siderurgica Nacional from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research lowered shares of Companhia Siderurgica Nacional from a “strong-buy” rating to a “hold” rating and set a $4.00 price target for the company. in a research note on Tuesday, September 24th.

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Companhia Siderurgica Nacional by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 8,335,438 shares of the basic materials company’s stock valued at $35,926,000 after purchasing an additional 446,622 shares during the last quarter. Morgan Stanley grew its position in Companhia Siderurgica Nacional by 11.9% during the 2nd quarter. Morgan Stanley now owns 3,057,708 shares of the basic materials company’s stock valued at $13,179,000 after purchasing an additional 324,997 shares during the last quarter. Bank of America Corp DE grew its position in Companhia Siderurgica Nacional by 487.3% during the 2nd quarter. Bank of America Corp DE now owns 2,934,247 shares of the basic materials company’s stock valued at $12,647,000 after purchasing an additional 2,434,637 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Companhia Siderurgica Nacional by 216.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,084,734 shares of the basic materials company’s stock valued at $8,985,000 after purchasing an additional 1,426,333 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in Companhia Siderurgica Nacional by 6.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,597,104 shares of the basic materials company’s stock valued at $6,884,000 after purchasing an additional 96,064 shares during the last quarter. Institutional investors own 3.73% of the company’s stock.

SID traded up $0.01 during trading on Friday, hitting $3.03. 24,809 shares of the stock traded hands, compared to its average volume of 3,926,861. The firm has a market capitalization of $4.51 billion, a P/E ratio of 3.19 and a beta of 1.83. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.23 and a quick ratio of 0.71. The firm has a 50-day moving average of $3.33 and a 200 day moving average of $3.89. Companhia Siderurgica Nacional has a 12-month low of $2.10 and a 12-month high of $4.71.

The firm also recently declared a — dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were paid a $0.0728 dividend. The ex-dividend date was Friday, September 27th. Companhia Siderurgica Nacional’s payout ratio is 14.74%.

About Companhia Siderurgica Nacional

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. The company operates in five segments: Steel, Mining, Cement, Logistics, and Energy. It offers flat steel, such as slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products that consist of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.

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Analyst Recommendations for Companhia Siderurgica Nacional (NYSE:SID)

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