Companhia Siderurgica Nacional (NYSE:SID) Cut to Sell at ValuEngine

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ValuEngine downgraded shares of Companhia Siderurgica Nacional (NYSE:SID) from a hold rating to a sell rating in a research note issued to investors on Friday, ValuEngine reports.

Several other research firms have also commented on SID. Zacks Investment Research raised shares of Hope Bancorp from a sell rating to a hold rating in a research report on Wednesday, April 17th. Goldman Sachs Group raised shares of China Telecom from a neutral rating to a buy rating and set a $53.90 price target for the company in a research report on Sunday, April 14th. Morgan Stanley upped their price target on shares of from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the company an equal weight rating in a research report on Tuesday, June 11th. Standpoint Research lowered shares of Companhia Siderurgica Nacional from a buy rating to a hold rating in a research report on Friday, March 29th. Finally, TheStreet raised shares of Sanofi from a c+ rating to a b- rating in a research report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $4.75.

Shares of NYSE:SID opened at $4.51 on Friday. Companhia Siderurgica Nacional has a fifty-two week low of $1.93 and a fifty-two week high of $4.69. The stock has a 50-day simple moving average of $4.29. The company has a current ratio of 1.14, a quick ratio of 0.68 and a debt-to-equity ratio of 2.23. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 4.75 and a beta of 1.69.

Companhia Siderurgica Nacional (NYSE:SID) last issued its earnings results on Thursday, April 18th. The basic materials company reported $0.32 earnings per share for the quarter. Companhia Siderurgica Nacional had a return on equity of 38.05% and a net margin of 14.97%. The business had revenue of $1.56 billion during the quarter. As a group, sell-side analysts anticipate that Companhia Siderurgica Nacional will post 0.41 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SID. Claro Advisors LLC purchased a new stake in shares of Companhia Siderurgica Nacional during the 1st quarter valued at about $42,000. OLD Mission Capital LLC purchased a new stake in Companhia Siderurgica Nacional in the 4th quarter worth approximately $43,000. Concentrum Wealth Management purchased a new stake in Companhia Siderurgica Nacional in the 1st quarter worth approximately $47,000. F3Logic LLC purchased a new stake in Companhia Siderurgica Nacional in the 1st quarter worth approximately $57,000. Finally, SG Americas Securities LLC purchased a new stake in Companhia Siderurgica Nacional in the 1st quarter worth approximately $68,000. 4.17% of the stock is owned by hedge funds and other institutional investors.

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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