Jefferies Financial Group Has Lowered Expectations for Vale (NYSE:VALE) Stock Price

Vale (NYSE:VALE) had its target price decreased by investment analysts at Jefferies Financial Group from $14.00 to $11.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. Jefferies Financial Group’s price objective points to a potential upside of 28.50% from the stock’s previous close.

VALE has been the subject of a number of other reports. Scotiabank cut their price target on Vale from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Wednesday, November 20th. Barclays reduced their price target on shares of Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a report on Wednesday, December 4th. StockNews.com initiated coverage on shares of Vale in a report on Friday, December 13th. They set a “buy” rating on the stock. UBS Group cut shares of Vale from a “buy” rating to a “neutral” rating and reduced their target price for the company from $14.00 to $11.50 in a research note on Monday, November 11th. Finally, Wolfe Research lowered Vale from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Vale currently has an average rating of “Hold” and an average target price of $13.89.

Vale Trading Down 0.7 %

NYSE:VALE opened at $8.56 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average is $9.65 and its 200-day moving average is $10.41. The firm has a market cap of $38.38 billion, a price-to-earnings ratio of 3.96, a P/E/G ratio of 0.27 and a beta of 0.92. Vale has a 12 month low of $8.52 and a 12 month high of $15.30.

Vale (NYSE:VALE) last released its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The firm had revenue of $9.55 billion during the quarter, compared to analyst estimates of $9.61 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%. During the same quarter in the previous year, the business earned $0.66 EPS. Equities analysts anticipate that Vale will post 2.08 EPS for the current year.

Institutional Trading of Vale

Institutional investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Vale during the third quarter valued at $28,000. Point72 Hong Kong Ltd bought a new position in Vale during the 3rd quarter valued at about $36,000. Wilmington Savings Fund Society FSB acquired a new position in Vale in the third quarter valued at about $79,000. Vienna Asset Management LLC bought a new stake in Vale during the third quarter worth about $117,000. Finally, Phillips Wealth Planners LLC acquired a new stake in shares of Vale during the third quarter worth approximately $118,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

About Vale

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.