National Steel (NYSE:SID) Stock Price Expected to Rise, UBS Group Analyst Says

National Steel (NYSE:SID) had its target price raised by UBS Group from $1.30 to $1.40 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “sell” rating on the basic materials company’s stock. UBS Group’s target price indicates a potential downside of 20.23% from the company’s current price.

A number of other equities analysts also recently weighed in on SID. Zacks Research upgraded National Steel from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of National Steel in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell” and an average price target of $1.40.

National Steel Price Performance

SID opened at $1.76 on Monday. The firm has a market capitalization of $2.33 billion, a P/E ratio of -10.32 and a beta of 1.74. The stock has a fifty day moving average of $1.62 and a 200-day moving average of $1.51. The company has a quick ratio of 0.91, a current ratio of 1.32 and a debt-to-equity ratio of 2.49. National Steel has a 12-month low of $1.24 and a 12-month high of $1.84.

National Steel (NYSE:SID) last issued its quarterly earnings results on Monday, November 10th. The basic materials company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.08 billion. National Steel had a negative net margin of 2.88% and a negative return on equity of 7.77%. Equities analysts forecast that National Steel will post -0.02 EPS for the current fiscal year.

Institutional Trading of National Steel

A number of institutional investors have recently added to or reduced their stakes in SID. Inspire Investing LLC grew its position in National Steel by 155.7% in the first quarter. Inspire Investing LLC now owns 31,681 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 19,289 shares in the last quarter. EntryPoint Capital LLC lifted its stake in shares of National Steel by 23.0% in the 1st quarter. EntryPoint Capital LLC now owns 46,975 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 8,798 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in National Steel by 0.6% during the first quarter. American Century Companies Inc. now owns 2,187,196 shares of the basic materials company’s stock valued at $3,653,000 after buying an additional 13,632 shares in the last quarter.

National Steel Company Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel Industry, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and profiles; long steel products; steel packaging solutions for the food industry; chemical packaging solution; and carbochemical products.