Companhia Siderurgica Nacional (NYSE:SID) Given Average Recommendation of “Buy” by Brokerages

Companhia Siderurgica Nacional (NYSE:SID) has been given a consensus rating of “Buy” by the eleven analysts that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

A number of brokerages have commented on SID. Morgan Stanley downgraded shares of Companhia Siderurgica Nacional from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 11th. TheStreet upgraded shares of Companhia Siderurgica Nacional from a “c” rating to a “b-” rating in a research note on Friday, June 21st. Standpoint Research downgraded shares of Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Goldman Sachs Group upgraded shares of Companhia Siderurgica Nacional from a “sell” rating to a “neutral” rating in a research note on Sunday, April 14th. Finally, Zacks Investment Research upgraded shares of Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a research note on Thursday, April 11th.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Claro Advisors LLC purchased a new stake in shares of Companhia Siderurgica Nacional in the 1st quarter worth approximately $42,000. Concentrum Wealth Management purchased a new stake in shares of Companhia Siderurgica Nacional in the 1st quarter worth approximately $47,000. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Companhia Siderurgica Nacional by 117.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 22,070 shares of the basic materials company’s stock worth $91,000 after purchasing an additional 11,900 shares during the period. F3Logic LLC purchased a new stake in shares of Companhia Siderurgica Nacional in the 1st quarter worth approximately $57,000. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of Companhia Siderurgica Nacional by 34.8% in the 4th 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. 4.17% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:SID opened at $4.13 on Wednesday. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.14 and a quick ratio of 0.68. The company has a market cap of $5.85 billion, a P/E ratio of 4.35 and a beta of 1.78. The firm’s 50-day moving average price is $4.08. 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 issued its earnings results on Thursday, April 18th. The basic materials company reported $0.32 EPS for the quarter. The business had revenue of $1.56 billion for the quarter. Companhia Siderurgica Nacional had a net margin of 14.97% and a return on equity of 38.05%. As a group, analysts predict that Companhia Siderurgica Nacional will post 0.41 earnings per share for the current fiscal year.

The firm also recently declared an annual dividend, which was paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 7th were given a $0.163 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a dividend yield of 3.84%. Companhia Siderurgica Nacional’s payout ratio is presently 16.84%.

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.

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Analyst Recommendations for Companhia Siderurgica Nacional (NYSE:SID)

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