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

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.

Companhia Siderurgica Nacional (NYSE:SID) last posted its quarterly earnings data on Thursday, April 18th. The basic materials company reported $0.32 EPS for the quarter. The company 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%. As a group, analysts predict that Companhia Siderurgica Nacional will post 0.41 EPS for the current year.

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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Analyst Recommendations for Companhia Siderurgica Nacional (NYSE:SID)

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