ValuEngine Downgrades Vale (NYSE:VALE) to Sell

ValuEngine lowered shares of Vale (NYSE:VALE) from a hold rating to a sell rating in a research report sent to investors on Saturday, July 6th, ValuEngine reports.

A number of other analysts have also weighed in on the stock. TheStreet upgraded shares of ZTO Express (Cayman) from a c+ rating to a b rating in a research report on Thursday, May 16th. Barclays set a $14.00 target price on shares of Vale and gave the company a buy rating in a research report on Friday, April 12th. Royal Bank of Canada restated a buy rating on shares of PrairieSky Royalty in a research report on Friday, May 24th. Bank of America reiterated a buy rating and set a C$11.00 price target on shares of CannTrust in a report on Friday, May 24th. Finally, Jefferies Financial Group reiterated a sell rating on shares of Hi-Crush Partners in a report on Tuesday, April 2nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $14.22.

Shares of VALE opened at $13.80 on Friday. Vale has a 12 month low of $10.89 and a 12 month high of $16.13. The stock’s 50 day simple moving average is $13.06. The company has a market capitalization of $72.00 billion, a PE ratio of 7.19, a PEG ratio of 1.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.82.

Vale (NYSE:VALE) last announced its quarterly earnings data on Friday, May 10th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.09). The firm had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $9.61 billion. Vale had a net margin of 10.03% and a return on equity of 23.20%. As a group, sell-side analysts forecast that Vale will post 1.85 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC increased its holdings in shares of Vale by 9.4% in the 4th quarter. Private Advisor Group LLC now owns 15,726 shares of the basic materials company’s stock worth $207,000 after buying an additional 1,346 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Vale by 16.2% in the 1st quarter. Signaturefd LLC now owns 10,768 shares of the basic materials company’s stock worth $141,000 after buying an additional 1,502 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of Vale by 6.2% in the 4th quarter. Advisor Group Inc. now owns 27,027 shares of the basic materials company’s stock worth $356,000 after buying an additional 1,580 shares during the last quarter. Semmax Financial Advisors Inc. bought a new position in shares of Vale in the 4th quarter worth $29,000. Finally, American Beacon Advisors Inc. bought a new position in shares of Vale in the 1st quarter worth $35,000. 19.06% of the stock is currently owned by institutional investors and hedge funds.

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. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services; and provides related logistic services.

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Analyst Recommendations for Vale (NYSE:VALE)

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