Vale S.A. (NYSE:VALE) Given Average Recommendation of “Hold” by Analysts

Shares of Vale S.A. (NYSE:VALE) have been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $15.83.

VALE has been the topic of a number of recent research reports. Wolfe Research lowered Vale from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, October 9th. Morgan Stanley lowered their target price on Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a research note on Thursday, September 19th. Scotiabank lowered their price objective on Vale from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 15th. UBS Group lowered Vale from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $14.00 to $11.50 in a research note on Monday. Finally, JPMorgan Chase & Co. lowered their price objective on Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, September 23rd.

Institutional Investors Weigh In On Vale

A number of large investors have recently modified their holdings of the business. Pacifica Partners Inc. acquired a new stake in shares of Vale during the 2nd quarter valued at $27,000. Lowe Wealth Advisors LLC acquired a new stake in shares of Vale during the 2nd quarter valued at $45,000. Phillips Wealth Planners LLC acquired a new stake in shares of Vale during the 3rd quarter valued at $118,000. Deuterium Capital Management LLC acquired a new stake in shares of Vale during the 1st quarter valued at $122,000. Finally, Vawter Financial Ltd. acquired a new stake in shares of Vale during the 2nd quarter valued at $124,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Performance

VALE opened at $9.96 on Wednesday. Vale has a 12-month low of $9.66 and a 12-month high of $16.08. The stock has a market cap of $44.65 billion, a price-to-earnings ratio of 4.73, a PEG ratio of 0.29 and a beta of 0.94. The business has a 50 day moving average of $10.80 and a 200-day moving average of $11.18. 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 (NYSE:VALE) last announced its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The company had revenue of $9.55 billion for the quarter, compared to analyst estimates of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same quarter last year, the company earned $0.66 earnings per share. On average, equities research analysts expect that Vale will post 2.12 earnings per share for the current year.

About Vale

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.