Companhia Siderurgica Nacional (SID) Receives Average Recommendation of “Hold” from Analysts

Shares of Companhia Siderurgica Nacional (NYSE:SID) have been given an average rating of “Hold” by the nine research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company.

Several research firms have recently issued reports on SID. Zacks Investment Research lowered Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Bank of America began coverage on Companhia Siderurgica Nacional in a research report on Thursday, August 16th. They issued a “buy” rating for the company. ValuEngine lowered Companhia Siderurgica Nacional from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. Finally, Credit Suisse Group raised Companhia Siderurgica Nacional from a “neutral” rating to an “outperform” rating in a research report on Monday, June 4th.

Shares of SID traded up $0.05 during trading hours on Monday, hitting $2.32. The company had a trading volume of 36,618 shares, compared to its average volume of 1,800,868. The company has a quick ratio of 0.76, a current ratio of 1.25 and a debt-to-equity ratio of 2.99. Companhia Siderurgica Nacional has a 52-week low of $1.91 and a 52-week high of $3.53.

The firm also recently announced a special dividend, which was paid on Friday, September 7th. Shareholders of record on Thursday, August 30th were given a $0.1618 dividend. This is a positive change from Companhia Siderurgica Nacional’s previous special dividend of $0.06. The ex-dividend date of this dividend was Wednesday, August 29th.

A number of large investors have recently modified their holdings of SID. IPG Investment Advisors LLC purchased a new position in Companhia Siderurgica Nacional in the 2nd quarter worth about $119,000. Banco de Sabadell S.A bought a new stake in shares of Companhia Siderurgica Nacional during the 1st quarter valued at about $152,000. Credit Agricole S A bought a new stake in shares of Companhia Siderurgica Nacional during the 2nd quarter valued at about $193,000. A.R.T. Advisors LLC bought a new stake in shares of Companhia Siderurgica Nacional during the 1st quarter valued at about $397,000. Finally, Barclays PLC grew its stake in shares of Companhia Siderurgica Nacional by 28.9% during the 1st quarter. Barclays PLC now owns 347,366 shares of the basic materials company’s stock valued at $914,000 after purchasing an additional 77,779 shares during the period. 1.96% of the stock is owned by institutional investors and hedge funds.

About Companhia Siderurgica Nacional

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Logistics, Cement, and Energy. It produces a line of steel products, including slabs, hot and cold-rolled, galvanized, and tin mill products for the distribution, packaging, automotive, home appliance, and construction industries.

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Analyst Recommendations for Companhia Siderurgica Nacional (NYSE:SID)

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