Vale S.A. (NYSE:VALE) Receives $16.31 Average Price Target from Analysts

Vale S.A. (NYSE:VALE) has received a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $16.1538.

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Vale in a report on Friday, May 15th. Morgan Stanley reissued an “equal weight” rating and set a $16.50 target price (down from $19.50) on shares of Vale in a report on Wednesday, July 8th. Scotiabank dropped their target price on Vale from $19.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Monday, July 20th. Bank of America raised Vale from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $19.00 in a report on Thursday, April 2nd. Finally, Wall Street Zen cut Vale from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th.

Institutional Trading of Vale

Hedge funds have recently added to or reduced their stakes in the business. N.E.W. Advisory Services LLC bought a new position in shares of Vale during the fourth quarter valued at about $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its holdings in shares of Vale by 128.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock worth $27,000 after buying an additional 1,155 shares during the period. Bruce G. Allen Investments LLC bought a new stake in shares of Vale in the 4th quarter valued at about $33,000. Triumph Capital Management bought a new stake in shares of Vale in the 3rd quarter valued at about $34,000. Finally, Cornerstone Planning Group LLC boosted its holdings in Vale by 15,360.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 3,072 shares during the period. 21.85% of the stock is owned by institutional investors.

Vale Price Performance

NYSE VALE opened at $14.70 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.48. The company has a market cap of $66.74 billion, a PE ratio of 21.95 and a beta of 0.46. Vale has a 52 week low of $9.36 and a 52 week high of $17.94. The firm’s 50-day simple moving average is $15.28 and its two-hundred day simple moving average is $15.82.

Vale (NYSE:VALE) last posted its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.08). The business had revenue of $9.26 billion during the quarter, compared to the consensus estimate of $9.53 billion. Vale had a net margin of 7.21% and a return on equity of 21.10%. Research analysts predict that Vale will post 1.91 earnings per share for the current year.

About Vale

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.