Shares of Companhia Siderurgica Nacional (NYSE:SID) have been given a consensus rating of “Buy” by the eleven brokerages that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.
Several research analysts recently issued reports on the company. Morgan Stanley raised Companhia Siderurgica Nacional from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 5th. Zacks Investment Research cut Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. TheStreet upgraded Companhia Siderurgica Nacional from a “c” rating to a “b-” rating in a report on Friday, June 21st. ValuEngine upgraded Companhia Siderurgica Nacional from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Goldman Sachs Group upgraded Companhia Siderurgica Nacional from a “sell” rating to a “neutral” rating in a report on Sunday, April 14th.
Companhia Siderurgica Nacional stock opened at $4.31 on Wednesday. The business has a 50 day moving average of $4.12. 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 firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 6.14 and a beta of 1.80. Companhia Siderurgica Nacional has a one year low of $1.92 and a one year high of $4.69.
The firm also recently disclosed an annual dividend, which was paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 7th were issued a $0.163 dividend. This represents a yield of 3.84%. The ex-dividend date was Monday, May 6th. Companhia Siderurgica Nacional’s dividend payout ratio (DPR) is currently 16.84%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Claro Advisors LLC bought a new position in Companhia Siderurgica Nacional during the 1st quarter valued at approximately $42,000. OLD Mission Capital LLC purchased a new position in shares of Companhia Siderurgica Nacional in the 4th quarter worth $43,000. Concentrum Wealth Management purchased a new position in shares of Companhia Siderurgica Nacional in the 1st quarter worth $47,000. F3Logic LLC purchased a new position in shares of Companhia Siderurgica Nacional in the 1st quarter worth $57,000. Finally, SG Americas Securities LLC purchased a new position in shares of Companhia Siderurgica Nacional in the 1st quarter worth $68,000. Institutional investors and hedge funds own 4.17% of the company’s stock.
About Companhia Siderurgica Nacional
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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