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

Vale S.A. (NYSE:VALEGet Free Report) has earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $16.67.

VALE has been the subject of several analyst reports. UBS Group raised shares of Vale from a “neutral” rating to a “buy” rating and raised their price target for the company from $13.00 to $15.00 in a report on Tuesday, May 7th. StockNews.com started coverage on shares of Vale in a research report on Saturday, March 30th. They set a “buy” rating on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $19.00 target price on shares of Vale in a research report on Monday, February 12th. JPMorgan Chase & Co. decreased their target price on shares of Vale from $20.50 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Vale from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, April 4th.

Check Out Our Latest Stock Analysis on VALE

Hedge Funds Weigh In On Vale

A number of hedge funds have recently modified their holdings of the company. Greenleaf Trust boosted its position in shares of Vale by 2.8% during the fourth quarter. Greenleaf Trust now owns 30,283 shares of the basic materials company’s stock worth $480,000 after acquiring an additional 827 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in Vale by 7.0% during the third quarter. Rehmann Capital Advisory Group now owns 14,010 shares of the basic materials company’s stock valued at $188,000 after purchasing an additional 915 shares during the last quarter. Blue Trust Inc. lifted its position in Vale by 10.2% during the fourth quarter. Blue Trust Inc. now owns 10,097 shares of the basic materials company’s stock valued at $160,000 after purchasing an additional 932 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Vale by 6.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 18,673 shares of the basic materials company’s stock valued at $296,000 after purchasing an additional 1,146 shares during the last quarter. Finally, Inspire Advisors LLC lifted its position in Vale by 6.8% during the first quarter. Inspire Advisors LLC now owns 19,277 shares of the basic materials company’s stock valued at $235,000 after purchasing an additional 1,226 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors.

Vale Trading Down 2.3 %

Shares of VALE stock opened at $11.35 on Friday. Vale has a 1 year low of $11.32 and a 1 year high of $16.08. The company’s fifty day simple moving average is $12.26 and its two-hundred day simple moving average is $13.41. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.12 and a quick ratio of 0.79. The stock has a market capitalization of $50.88 billion, a price-to-earnings ratio of 6.27, a PEG ratio of 5.14 and a beta of 0.98.

Vale (NYSE:VALEGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Vale had a return on equity of 19.59% and a net margin of 18.72%. The firm had revenue of $8.46 billion during the quarter, compared to analysts’ expectations of $8.35 billion. As a group, analysts anticipate that Vale will post 2.18 earnings per share for the current year.

About Vale

(Get Free Report

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.

Read More

Analyst Recommendations for Vale (NYSE:VALE)

Receive News & Ratings for Vale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vale and related companies with MarketBeat.com's FREE daily email newsletter.