2 weeks Ago By Defense World Staff
Shares of Vale S.A. ( NYSE:VALE – Get Free Report ) have been given an average rating of “Hold” by the eleven research firms that are presently covering the firm, MarketBeat Ratings reports.
One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $16.17.
A number of brokerages have weighed in on VALE. StockNews.com started coverage on shares of Vale in a research report on Friday, October 18th.
They issued a “buy” rating for the company. JPMorgan Chase & Co. reduced their price target on Vale from $16.
50 to $15.00 and set an “overweight” rating for the company in a report on Monday, September 23rd. Wolfe Research cut Vale from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, October 9th.
Morgan Stanley decreased their target price on Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a research report on Thursday, September 19th.
Finally, Scotiabank decreased their price objective on shares of Vale from $17.00 to $16.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 15th.
Read Our Latest Stock Analysis on VALE Institutional Investors Weigh In On Vale Vale Stock Performance Shares of NYSE VALE opened at $10.81 on Wednesday. The company has a 50 day simple moving average of $10.
79 and a two-hundred day simple moving average of $11.22. The stock has a market cap of $48.
44 billion, a price-to-earnings ratio of 5.00, a PEG ratio of 0.29 and a beta of 0.
94. The company has a current ratio of 0.91, a quick ratio of 0.
58 and a debt-to-equity ratio of 0.39. Vale has a 12 month low of $9.
66 and a 12 month high of $16.08. Vale ( NYSE:VALE – Get Free Report ) last posted its quarterly earnings results on Thursday, October 24th.
The basic materials company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.41 by $0.
15. The company had revenue of $9.55 billion for the quarter, compared to analyst estimates of $9.
61 billion. Vale had a net margin of 22.59% and a return on equity of 21.
07%. During the same period in the prior year, the company earned $0.66 earnings per share.
As a group, analysts predict that Vale will post 2.12 earnings per share for the current year. Vale Company Profile ( Get Free Report 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.
The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services. Recommended Stories Five stocks we like better than Vale Upcoming IPO Stock Lockup Period, Explained Palantir Cracks $50, Is There Still Time to Get on Board? What is the Nikkei 225 index? Insider Buying Signals Upside for These 3 Stocks 3 REITs to Buy and Hold for the Long Term These 2 Big Players Are Set to Compete With Elon Musk’s Starlink Receive News & Ratings for Vale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vale and related companies with MarketBeat.
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