Morgan Stanley lowered shares of Companhia Siderurgica Nacional (NYSE:SID) from an overweight rating to an equal weight rating in a research note published on Tuesday morning, The Fly reports.

Several other research firms have also issued reports on SID. Standpoint Research lowered Companhia Siderurgica Nacional from a buy rating to a hold rating in a research note on Friday, March 29th. Goldman Sachs Group upgraded Companhia Siderurgica Nacional from a sell rating to a neutral rating in a research note on Sunday, April 14th. Zacks Investment Research upgraded Companhia Siderurgica Nacional from a hold rating to a buy rating and set a $4.75 price objective on the stock in a research note on Thursday, April 11th. ValuEngine upgraded Companhia Siderurgica Nacional from a sell rating to a hold rating in a research note on Wednesday, May 1st. Finally, HSBC upgraded Companhia Siderurgica Nacional from a hold rating to a buy rating in a research note on Friday, February 22nd. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $4.75.

NYSE:SID opened at $4.67 on Tuesday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.68 and a current ratio of 1.14. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 4.92 and a beta of 1.78. Companhia Siderurgica Nacional has a 12-month low of $1.91 and a 12-month high of $4.69.

Companhia Siderurgica Nacional (NYSE:SID) last released its quarterly earnings data on Thursday, April 18th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $1.56 billion for the quarter. Companhia Siderurgica Nacional had a return on equity of 38.05% and a net margin of 14.97%. Equities research analysts predict that Companhia Siderurgica Nacional will post 0.41 EPS for the current fiscal year.

The company also recently announced an annual dividend, which was paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.163 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a dividend yield of 3.84%. Companhia Siderurgica Nacional’s dividend payout ratio (DPR) is currently 16.84%.

Several hedge funds and other institutional investors have recently made changes to their positions in SID. JPMorgan Chase & Co. increased its stake in shares of Companhia Siderurgica Nacional by 797.9% during the third quarter. JPMorgan Chase & Co. now owns 1,993,863 shares of the basic materials company’s stock worth $4,546,000 after purchasing an additional 1,771,802 shares during the period. Morgan Stanley increased its stake in shares of Companhia Siderurgica Nacional by 459.5% during the third quarter. Morgan Stanley now owns 1,560,624 shares of the basic materials company’s stock worth $3,558,000 after purchasing an additional 1,281,702 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Companhia Siderurgica Nacional by 100.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 144,800 shares of the basic materials company’s stock worth $317,000 after purchasing an additional 72,500 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of Companhia Siderurgica Nacional by 34.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 55,404 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 14,294 shares during the period. Finally, Susquehanna Fundamental Investments LLC increased its stake in shares of Companhia Siderurgica Nacional by 455.5% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 175,161 shares of the basic materials company’s stock worth $384,000 after purchasing an additional 143,630 shares during the period. Institutional investors own 4.17% of the company’s stock.

Companhia Siderurgica Nacional Company Profile

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.

Featured Story: What are the benefits of a balanced fund?

The Fly

Analyst Recommendations for Companhia Siderurgica Nacional (NYSE:SID)

Receive News & Ratings for Companhia Siderurgica Nacional Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia Siderurgica Nacional and related companies with MarketBeat.com's FREE daily email newsletter.