Mensajepor hipotecado » Sab Feb 02, 2019 6:54 pm
Vale SA (VALE) Receives $15.00 Consensus Price Target from Analysts
Posted by Kayla Brandon on Feb 2nd, 2019 Share
Vale logoVale SA (NYSE:VALE) has received an average rating of “Hold” from the eighteen analysts that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $14.86.
Several analysts recently issued reports on VALE shares. Barclays set a $16.00 price target on shares of Vale and gave the company a “buy” rating in a report on Thursday, January 10th. Exane BNP Paribas cut shares of Vale from a “neutral” rating to an “underperform” rating in a report on Thursday, January 24th. ValuEngine cut shares of Vale from a “buy” rating to a “hold” rating in a report on Friday, November 23rd. UBS Group raised shares of Vale from a “sell” rating to a “neutral” rating in a report on Wednesday, October 31st. Finally, Citigroup cut shares of Vale from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a report on Monday, October 29th.
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VALE opened at $12.57 on Wednesday. The firm has a market capitalization of $65.06 billion, a P/E ratio of 9.31 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.21 and a current ratio of 1.65. Vale has a 12-month low of $11.08 and a 12-month high of $16.13.
Several large investors have recently modified their holdings of the business. Great West Life Assurance Co. Can bought a new position in shares of Vale during the third quarter worth about $119,000. James Investment Research Inc. grew its position in shares of Vale by 57.7% during the fourth quarter. James Investment Research Inc. now owns 9,460 shares of the basic materials company’s stock worth $125,000 after acquiring an additional 3,460 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Vale during the fourth quarter worth about $132,000. Summit Securities Group LLC bought a new position in shares of Vale during the third quarter worth about $153,000. Finally, Redhawk Wealth Advisors Inc. bought a new position in shares of Vale during the third quarter worth about $154,000. 19.80% of the stock is currently owned by institutional investors.