FY2016 EPS Estimates for Vale SA Raised by Jefferies Group (VALE)
Vale SA (NASDAQ:VALE) – Stock analysts at Jefferies Group boosted their FY2016 EPS estimates for Vale SA in a research report issued on Friday. Jefferies Group analyst C. Lafemina now forecasts that the brokerage will post earnings per share of $0.40 for the year, up from their previous forecast of $0.30. Jefferies Group currently has a “Hold” rating and a $6.00 target price on the stock. Jefferies Group also issued estimates for Vale SA’s FY2018 earnings at $0.80 EPS.
A number of other research analysts also recently issued reports on VALE. Morgan Stanley upgraded Vale SA from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $4.80 to $6.20 in a report on Tuesday, August 9th. Royal Bank Of Canada lifted their price target on Vale SA from $5.50 to $6.00 and gave the company a “sector perform” rating in a report on Thursday, September 8th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Vale SA in a report on Thursday, September 22nd. Zacks Investment Research upgraded Vale SA from a “hold” rating to a “strong-buy” rating and set a $5.25 price target on the stock in a report on Monday, June 20th. Finally, Vetr upgraded Vale SA from a “hold” rating to a “buy” rating in a report on Saturday. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $5.77.
Vale SA (NASDAQ:VALE) opened at 5.58 on Monday. The company’s market cap is $28.76 billion. The stock has a 50 day moving average price of $5.45 and a 200 day moving average price of $5.10. Vale SA has a 1-year low of $2.13 and a 1-year high of $6.26.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Private Asset Management Inc. increased its position in shares of Vale SA by 0.4% in the third quarter. Private Asset Management Inc. now owns 311,520 shares of the company’s stock valued at $1,713,000 after buying an additional 1,300 shares during the period. Cohen & Steers Inc. acquired a new position in shares of Vale SA during the second quarter valued at $2,103,000. Numeric Investors LLC acquired a new position in shares of Vale SA during the second quarter valued at $5,120,000. GFS Advisors LLC increased its position in shares of Vale SA by 951.6% in the second quarter. GFS Advisors LLC now owns 132,815 shares of the company’s stock valued at $672,000 after buying an additional 120,185 shares during the period. Finally, Prince Street Capital Management LLC acquired a new position in shares of Vale SA during the second quarter valued at $1,227,000.
Vale SA Company Profile
Vale SA (Vale) is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets, and nickel. The Company’s segments include Ferrous minerals, Coal, Base metals, Fertilizers and Others. Its Ferrous minerals segment consists of the production and extraction of ferrous minerals, as iron ore, pellets and its logistic services, manganese and ferroalloys, and other ferrous products and services.
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