Shares of Companhia Siderurgica Nacional (NYSE:SID) have been assigned an average broker rating score of 4.50 (Strong Sell) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation and one has given a sell recommendation to the company. Companhia Siderurgica Nacional’s rating score has improved by 3.6% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 1 year consensus target price of $2.65 for the company, according to Zacks. Zacks has also assigned Companhia Siderurgica Nacional an industry rank of 198 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded shares of Companhia Siderurgica Nacional from a “hold” rating to a “sell” rating in a report on Monday, June 6th.
Shares of Companhia Siderurgica Nacional (NYSE:SID) traded up 1.13% during midday trading on Monday, hitting $2.69. 607,297 shares of the company traded hands. Companhia Siderurgica Nacional has a 12-month low of $0.73 and a 12-month high of $3.92. The stock has a market capitalization of $3.65 billion, a P/E ratio of 20.23 and a beta of 2.37. The stock’s 50-day moving average is $2.88 and its 200 day moving average is $2.68.
A number of large investors have recently bought and sold shares of SID. Parametric Portfolio Associates LLC boosted its stake in Companhia Siderurgica Nacional by 19.1% in the second quarter. Parametric Portfolio Associates LLC now owns 8,927,474 shares of the company’s stock valued at $21,872,000 after buying an additional 1,428,672 shares during the last quarter. Arlington Capital Management Inc. bought a new stake in Companhia Siderurgica Nacional during the second quarter valued at $10,605,000. Van ECK Associates Corp boosted its stake in Companhia Siderurgica Nacional by 70.4% in the second quarter. Van ECK Associates Corp now owns 2,142,826 shares of the company’s stock valued at $5,250,000 after buying an additional 885,201 shares during the last quarter. State Street Corp boosted its stake in Companhia Siderurgica Nacional by 1.2% in the second quarter. State Street Corp now owns 1,636,342 shares of the company’s stock valued at $4,008,000 after buying an additional 18,653 shares during the last quarter. Finally, BlackRock Group LTD boosted its stake in Companhia Siderurgica Nacional by 13.4% in the second quarter. BlackRock Group LTD now owns 1,102,236 shares of the company’s stock valued at $2,700,000 after buying an additional 130,308 shares during the last quarter. Hedge funds and other institutional investors own 3.52% of the company’s stock.
About Companhia Siderurgica Nacional
Companhia Siderurgica Nacional operates throughout the entire steel production chain, from the mining of iron ore to the production and sale of a range of steel products, including coated galvanized flat steel and tinplate. The Company operates through five segments: steel, mining, cement, logistics and energy.
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