Companhia Siderurgica Nacional (NYSE:SID) has been given an average rating of “Hold” by the ten analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $4.00.
Several research firms have recently weighed in on SID. Zacks Investment Research downgraded Companhia Siderurgica Nacional from a “strong-buy” rating to a “hold” rating and set a $4.00 target price on the stock. in a research report on Tuesday, September 24th. TheStreet upgraded Companhia Siderurgica Nacional from a “c” rating to a “b-” rating in a report on Friday, June 21st. Finally, ValuEngine cut Companhia Siderurgica Nacional from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st.
A number of institutional investors and hedge funds have recently bought and sold shares of SID. Compagnie Lombard Odier SCmA purchased a new position in Companhia Siderurgica Nacional during the 2nd quarter valued at $28,000. Parallel Advisors LLC boosted its holdings in Companhia Siderurgica Nacional by 179.7% during the 2nd quarter. Parallel Advisors LLC now owns 11,175 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 7,180 shares during the period. HighTower Advisors LLC purchased a new position in Companhia Siderurgica Nacional during the 2nd quarter valued at $52,000. We Are One Seven LLC purchased a new position in Companhia Siderurgica Nacional during the 2nd quarter valued at $65,000. Finally, SG Americas Securities LLC purchased a new position in Companhia Siderurgica Nacional during the 1st quarter valued at $68,000. Institutional investors own 3.73% of the company’s stock.
The firm also recently disclosed a — dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were issued a dividend of $0.0728 per share. The ex-dividend date was Friday, September 27th. Companhia Siderurgica Nacional’s payout ratio is currently 14.74%.
About Companhia Siderurgica Nacional
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. The company operates in five segments: Steel, Mining, Cement, Logistics, and Energy. It offers flat steel, such as 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 that consist 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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