Vale SA (NYSE:VALE) – Investment analysts at Jefferies Group upped their FY2018 EPS estimates for Vale in a research report issued on Wednesday. Jefferies Group analyst C. Lafemina now forecasts that the basic materials company will post earnings of $1.68 per share for the year, up from their prior estimate of $1.63. Jefferies Group has a “Hold” rating and a $14.50 price objective on the stock.
Several other research firms also recently issued reports on VALE. Zacks Investment Research raised Vale from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a research report on Monday, February 19th. Cowen reissued a “market perform” rating and issued a $15.00 target price (up from $11.00) on shares of Vale in a research report on Thursday. Deutsche Bank downgraded Vale from a “buy” rating to a “hold” rating and upped their target price for the company from $12.00 to $12.50 in a research report on Tuesday, January 16th. Credit Suisse Group reissued a “buy” rating and issued a $16.00 target price on shares of Vale in a research report on Friday. Finally, Barclays set a $15.00 target price on Vale and gave the company a “buy” rating in a research report on Monday, January 8th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $13.18.
Vale (NYSE VALE) traded down $0.38 during midday trading on Friday, hitting $13.20. The company had a trading volume of 13,968,140 shares, compared to its average volume of 27,615,322. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.47 and a current ratio of 1.86. Vale has a 52-week low of $7.47 and a 52-week high of $14.67. The firm has a market cap of $70,240.00, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 0.92 and a beta of 1.55.
Large investors have recently bought and sold shares of the business. Certified Advisory Corp purchased a new stake in Vale in the fourth quarter valued at $116,000. Rational Advisors LLC purchased a new stake in Vale in the fourth quarter valued at $122,000. KCS Wealth Advisory purchased a new stake in Vale in the fourth quarter valued at $125,000. GWM Advisors LLC purchased a new stake in Vale in the fourth quarter valued at $149,000. Finally, Quadrant Private Wealth Management LLC purchased a new stake in Vale in the fourth quarter valued at $176,000. 19.03% of the stock is currently owned by institutional investors.
The firm also recently declared a None dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Tuesday, December 26th will be issued a $0.098 dividend. The ex-dividend date is Friday, December 22nd. Vale’s payout ratio is 28.33%.
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Vale Company Profile
Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.