Vale S.A. (VALE) Rating Increased to B- at TheStreet
Vale S.A. (NYSE:VALE) was upgraded by research analysts at TheStreet from a “c+” rating to a “b-” rating in a report issued on Wednesday.
VALE has been the subject of several other research reports. Zacks Investment Research upgraded Vale from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Wednesday, October 18th. Jefferies Group LLC restated a “hold” rating and issued a $8.50 price objective on shares of Vale in a report on Friday, July 14th. Morgan Stanley started coverage on Vale in a report on Monday, September 25th. They issued a “weight” rating for the company. Cowen and Company restated a “hold” rating and issued a $10.00 price objective on shares of Vale in a report on Friday, July 14th. Finally, Royal Bank Of Canada set a $11.00 price objective on Vale and gave the company a “hold” rating in a report on Friday, July 28th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $10.06.
Shares of Vale (NYSE VALE) traded down $0.06 during mid-day trading on Wednesday, reaching $10.07. The company’s stock had a trading volume of 21,798,740 shares, compared to its average volume of 28,602,740. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.52. Vale has a one year low of $6.85 and a one year high of $11.72. The firm has a market cap of $52,500.00, a price-to-earnings ratio of 6.84, a PEG ratio of 0.63 and a beta of 1.56.
Vale (NYSE:VALE) last announced its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.15. Vale had a return on equity of 19.02% and a net margin of 15.25%. The company had revenue of $9.05 billion during the quarter. analysts predict that Vale will post 1.25 EPS for the current year.
A number of large investors have recently made changes to their positions in VALE. Raymond James Trust N.A. boosted its stake in Vale by 8.4% during the 2nd quarter. Raymond James Trust N.A. now owns 11,560 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 893 shares during the period. Verition Fund Management LLC bought a new stake in Vale during the 2nd quarter valued at approximately $107,000. Wedbush Securities Inc. boosted its stake in Vale by 0.7% during the 2nd quarter. Wedbush Securities Inc. now owns 12,991 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 84 shares during the period. Baldwin Investment Management LLC boosted its stake in Vale by 0.3% during the 2nd quarter. Baldwin Investment Management LLC now owns 13,701 shares of the basic materials company’s stock valued at $120,000 after purchasing an additional 36 shares during the period. Finally, Private Advisor Group LLC bought a new stake in Vale during the 2nd quarter valued at approximately $127,000. Hedge funds and other institutional investors own 9.73% of the company’s stock.
Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.
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