Companhia Siderúrgica Nacional (NYSE:SID) Raised to “Buy” at StockNews.com

Companhia Siderúrgica Nacional (NYSE:SID) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Separately, UBS Group began coverage on shares of Companhia Siderúrgica Nacional in a research note on Wednesday, March 12th. They issued a “sell” rating and a $1.30 price target on the stock.

Companhia Siderúrgica Nacional Trading Down 2.7%

SID stock opened at $1.63 on Friday. The company has a market capitalization of $2.15 billion, a PE ratio of -10.83 and a beta of 1.83. Companhia Siderúrgica Nacional has a 12 month low of $1.27 and a 12 month high of $2.85. The firm’s 50-day moving average is $1.62 and its 200 day moving average is $1.64. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.34 and a quick ratio of 0.93.

Companhia Siderúrgica Nacional (NYSE:SID) last posted its quarterly earnings results on Wednesday, March 12th. The basic materials company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $11.85 billion. Companhia Siderúrgica Nacional had a negative net margin of 2.37% and a negative return on equity of 5.79%. On average, research analysts anticipate that Companhia Siderúrgica Nacional will post -0.02 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SID. JPMorgan Chase & Co. increased its position in Companhia Siderúrgica Nacional by 48,194.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 441,898 shares of the basic materials company’s stock valued at $1,056,000 after purchasing an additional 440,983 shares during the period. Blue Trust Inc. increased its position in Companhia Siderúrgica Nacional by 2,305.2% during the 4th quarter. Blue Trust Inc. now owns 49,331 shares of the basic materials company’s stock valued at $71,000 after purchasing an additional 47,280 shares during the period. SBI Securities Co. Ltd. purchased a new position in Companhia Siderúrgica Nacional during the 4th quarter valued at about $35,000. Pinnacle Wealth Planning Services Inc. increased its position in Companhia Siderúrgica Nacional by 41.3% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 9,314 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in Companhia Siderúrgica Nacional by 256.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 56,327 shares of the basic materials company’s stock valued at $81,000 after purchasing an additional 40,511 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 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.