Companhia Siderurgica Nacional (SID) Receives $4.75 Consensus PT from Brokerages

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Shares of Companhia Siderurgica Nacional (NYSE:SID) have received a consensus rating of “Buy” from the twelve analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $4.75.

Several brokerages have weighed in on SID. Standpoint Research cut shares of Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Goldman Sachs Group raised shares of Companhia Siderurgica Nacional from a “sell” rating to a “neutral” rating in a research report on Sunday. Zacks Investment Research raised shares of Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a research report on Thursday. Morgan Stanley raised shares of Companhia Siderurgica Nacional from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 5th. Finally, HSBC raised shares of Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd.

Several large investors have recently bought and sold shares of SID. JPMorgan Chase & Co. lifted its position in shares of Companhia Siderurgica Nacional by 797.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,993,863 shares of the basic materials company’s stock worth $4,546,000 after purchasing an additional 1,771,802 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Companhia Siderurgica Nacional in the 3rd quarter worth about $237,000. Renaissance Technologies LLC lifted its position in shares of Companhia Siderurgica Nacional by 764.2% in the 3rd quarter. Renaissance Technologies LLC now owns 393,200 shares of the basic materials company’s stock worth $896,000 after purchasing an additional 347,700 shares during the period. Jane Street Group LLC lifted its position in shares of Companhia Siderurgica Nacional by 1,531.2% in the 3rd quarter. Jane Street Group LLC now owns 281,017 shares of the basic materials company’s stock worth $641,000 after purchasing an additional 263,789 shares during the period. Finally, Morgan Stanley lifted its position in shares of Companhia Siderurgica Nacional by 459.5% in the 3rd quarter. Morgan Stanley now owns 1,560,624 shares of the basic materials company’s stock worth $3,558,000 after purchasing an additional 1,281,702 shares during the period. 2.43% of the stock is owned by hedge funds and other institutional investors.

Shares of SID opened at $4.26 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.61 and a debt-to-equity ratio of 2.31. Companhia Siderurgica Nacional has a twelve month low of $1.91 and a twelve month high of $4.60.

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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