Companhia Siderurgica Nacional (SID) Receives $2.25 Average PT from Analysts

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Shares of Companhia Siderurgica Nacional (NYSE:SID) have been given an average rating of “Hold” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

Several research firms recently commented on SID. Credit Suisse Group upgraded Companhia Siderurgica Nacional from a “neutral” rating to an “outperform” rating in a research report on Monday, June 4th. Zacks Investment Research downgraded Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, TheStreet upgraded Companhia Siderurgica Nacional from a “d+” rating to a “c” rating in a research report on Friday, May 18th.

Institutional investors have recently bought and sold shares of the stock. IPG Investment Advisors LLC bought a new position in shares of Companhia Siderurgica Nacional during the 2nd quarter worth approximately $119,000. Banco de Sabadell S.A bought a new position in shares of Companhia Siderurgica Nacional during the 1st quarter worth approximately $152,000. Deutsche Bank AG lifted its position in shares of Companhia Siderurgica Nacional by 33.6% during the 4th quarter. Deutsche Bank AG now owns 61,795 shares of the basic materials company’s stock worth $151,000 after buying an additional 15,537 shares during the period. Credit Agricole S A bought a new position in shares of Companhia Siderurgica Nacional during the 2nd quarter worth approximately $193,000. Finally, A.R.T. Advisors LLC bought a new position in Companhia Siderurgica Nacional in the 1st quarter valued at $397,000. Institutional investors and hedge funds own 2.90% of the company’s stock.

Shares of SID stock traded down $0.11 during mid-day trading on Friday, reaching $2.33. The stock had a trading volume of 4,103,483 shares, compared to its average volume of 2,555,722. The company has a current ratio of 1.25, a quick ratio of 0.65 and a debt-to-equity ratio of 2.99. Companhia Siderurgica Nacional has a one year low of $1.91 and a one year high of $3.55.

Companhia Siderurgica Nacional Company Profile

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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