Companhia Siderúrgica Nacional (NYSE:SID – Get Free Report) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.
Several other research analysts also recently commented on SID. Itau BBA Securities reissued an “underperform” rating and issued a $3.00 price objective on shares of Companhia Siderúrgica Nacional in a research note on Thursday, April 4th. Bank of America lowered Companhia Siderúrgica Nacional from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $3.90 to $2.90 in a research report on Tuesday, April 9th.
View Our Latest Report on Companhia Siderúrgica Nacional
Companhia Siderúrgica Nacional Stock Performance
Companhia Siderúrgica Nacional (NYSE:SID – Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.06). Companhia Siderúrgica Nacional had a return on equity of 1.69% and a net margin of 0.76%. The firm had revenue of $2.42 billion during the quarter. On average, analysts predict that Companhia Siderúrgica Nacional will post 0.12 EPS for the current year.
Hedge Funds Weigh In On Companhia Siderúrgica Nacional
A number of hedge funds have recently modified their holdings of SID. Van ECK Associates Corp grew its holdings in shares of Companhia Siderúrgica Nacional by 41.9% in the fourth quarter. Van ECK Associates Corp now owns 1,703,380 shares of the basic materials company’s stock valued at $6,694,000 after purchasing an additional 502,993 shares in the last quarter. Banco BTG Pactual S.A. purchased a new stake in shares of Companhia Siderúrgica Nacional during the fourth quarter worth $1,510,000. TCG Advisory Services LLC purchased a new stake in shares of Companhia Siderúrgica Nacional during the fourth quarter worth $623,000. Banque Cantonale Vaudoise raised its stake in shares of Companhia Siderúrgica Nacional by 50.0% in the third quarter. Banque Cantonale Vaudoise now owns 450,000 shares of the basic materials company’s stock valued at $1,076,000 after acquiring an additional 150,000 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Companhia Siderúrgica Nacional by 880.8% in the first quarter. BNP Paribas Financial Markets now owns 69,051 shares of the basic materials company’s stock valued at $216,000 after purchasing an additional 62,011 shares during the period.
Companhia Siderúrgica Nacional Company Profile
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products consisting of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.
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