Vale SA (VALE) Given Average Recommendation of “Hold” by Analysts
Shares of Vale SA (NYSE:VALE) have been assigned an average rating of “Hold” from the twenty brokerages that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $13.95.
VALE has been the topic of a number of recent analyst reports. Barclays reaffirmed a “buy” rating and issued a $13.40 target price on shares of Vale in a research report on Thursday, February 7th. Morgan Stanley downgraded shares of Vale from an “overweight” rating to an “equal weight” rating and set a $11.40 target price on the stock. in a research report on Thursday, February 7th. HSBC downgraded shares of Vale from a “buy” rating to a “hold” rating and dropped their target price for the company from $18.00 to $14.50 in a research report on Monday, January 28th. Jefferies Financial Group downgraded shares of Vale from a “buy” rating to a “hold” rating and dropped their target price for the company from $18.00 to $14.00 in a research report on Monday, January 28th. Finally, ValuEngine raised shares of Vale from a “sell” rating to a “hold” rating in a research report on Monday, February 4th.
Shares of NYSE VALE traded up $0.04 during mid-day trading on Monday, reaching $13.28. The company had a trading volume of 694,626 shares, compared to its average volume of 24,985,264. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.68 and a quick ratio of 1.19. The company has a market capitalization of $69.08 billion, a price-to-earnings ratio of 7.18 and a beta of 1.13. Vale has a 52-week low of $10.89 and a 52-week high of $16.13.
Vale Company Profile
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, as well as engages in the provision of related railroad, port, and terminal logistics services.
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