UBS Group Raises Vale (NYSE:VALE) Price Target to $16.00

Vale (NYSE:VALE) had its target price boosted by UBS Group from $12.00 to $16.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the basic materials company’s stock. UBS Group’s price target points to a potential upside of 6.49% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Vale in a report on Monday, December 29th. Wells Fargo & Company reiterated a “cautious” rating and issued a $15.50 price target on shares of Vale in a research report on Monday, February 16th. The Goldman Sachs Group boosted their price objective on Vale from $13.80 to $18.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Wall Street Zen cut Vale from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Barclays raised their target price on Vale from $15.50 to $16.50 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.18.

Vale Price Performance

Shares of NYSE:VALE opened at $15.03 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.15 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $68.20 billion, a PE ratio of 26.83 and a beta of 0.52. Vale has a twelve month low of $8.06 and a twelve month high of $17.72. The company has a 50-day moving average price of $15.95 and a two-hundred day moving average price of $13.50.

Vale (NYSE:VALE) last posted its quarterly earnings results on Friday, February 13th. The basic materials company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($1.42). The business had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.86 billion. Vale had a net margin of 6.12% and a return on equity of 20.16%. Equities analysts forecast that Vale will post 1.85 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new stake in Vale during the fourth quarter valued at $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its holdings in shares of Vale by 128.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 1,155 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Vale by 60.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 1,030 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of Vale during the 4th quarter valued at about $33,000. Finally, Triumph Capital Management bought a new stake in shares of Vale during the 3rd quarter valued at about $34,000. Institutional investors own 21.85% of the company’s stock.

About Vale

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.