UBS Group Downgrades Vale (NYSE:VALE) to Neutral

UBS Group downgraded shares of Vale (NYSE:VALE) from a buy rating to a neutral rating in a research note released on Monday, Marketbeat.com reports. The brokerage currently has $11.50 price objective on the basic materials company’s stock, down from their prior price objective of $14.00.

Several other equities analysts have also weighed in on VALE. JPMorgan Chase & Co. cut their price objective on shares of Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a report on Monday, September 23rd. Morgan Stanley reduced their price target on Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a research report on Thursday, September 19th. StockNews.com began coverage on Vale in a report on Friday, October 18th. They issued a “buy” rating for the company. Wolfe Research cut Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. Finally, Scotiabank lowered their price target on Vale from $17.00 to $16.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.83.

Vale Trading Down 0.7 %

VALE stock opened at $9.82 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. Vale has a twelve month low of $9.66 and a twelve month high of $16.08. The company has a market cap of $44.02 billion, a P/E ratio of 4.55, a PEG ratio of 0.27 and a beta of 0.94. The business has a fifty day moving average of $10.79 and a 200-day moving average of $11.15.

Vale (NYSE:VALE) last announced its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.15. The firm had revenue of $9.55 billion during the quarter, compared to analysts’ expectations of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same period in the previous year, the business posted $0.66 EPS. As a group, equities research analysts expect that Vale will post 2.12 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Pacifica Partners Inc. bought a new stake in Vale in the 2nd quarter valued at $27,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Vale in the third quarter valued at about $28,000. Point72 Hong Kong Ltd acquired a new position in shares of Vale during the third quarter worth about $36,000. Lowe Wealth Advisors LLC bought a new position in shares of Vale during the second quarter worth about $45,000. Finally, Phillips Wealth Planners LLC acquired a new stake in Vale in the 3rd quarter valued at approximately $118,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Company Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.