Shares of Companhia Siderurgica Nacional (NYSE:SID) have been assigned an average recommendation of “Hold” from the ten analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company.
Several research firms recently commented on SID. ValuEngine lowered Companhia Siderurgica Nacional from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. Bank of America initiated coverage on Companhia Siderurgica Nacional in a research note on Thursday, August 16th. They issued a “buy” rating for the company. Finally, Santander upgraded Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th.
Companhia Siderurgica Nacional stock opened at $2.22 on Friday. Companhia Siderurgica Nacional has a 52 week low of $1.91 and a 52 week high of $3.53. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 2.71.
Companhia Siderurgica Nacional (NYSE:SID) last released its earnings results on Thursday, September 20th. The basic materials company reported $0.24 EPS for the quarter. The firm had revenue of $1.59 billion during the quarter. Companhia Siderurgica Nacional had a return on equity of 44.84% and a net margin of 16.80%. On average, sell-side analysts anticipate that Companhia Siderurgica Nacional will post 0.19 EPS for the current year.
A number of large investors have recently made changes to their positions in SID. IPG Investment Advisors LLC acquired a new stake in Companhia Siderurgica Nacional during the second quarter worth about $119,000. Marshall Wace LLP acquired a new stake in Companhia Siderurgica Nacional during the third quarter worth about $128,000. Verde Servicos Internacionais S.A. acquired a new stake in Companhia Siderurgica Nacional during the third quarter worth about $136,000. Acadian Asset Management LLC acquired a new stake in Companhia Siderurgica Nacional during the third quarter worth about $166,000. Finally, Credit Agricole S A acquired a new stake in Companhia Siderurgica Nacional during the second quarter worth about $193,000. Institutional investors own 2.38% of the company’s stock.
About Companhia Siderurgica Nacional
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Logistics, Cement, and Energy. It produces a line of steel products, including slabs, hot and cold-rolled, galvanized, and tin mill products for the distribution, packaging, automotive, home appliance, and construction industries.
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