Date: Jun 8, 2018
Other analysts have also issued research reports about the stock. Citigroup Inc raised shares of Vale SA from a “neutral” rating to a “buy” rating in a research report on Monday, January 23rd. Vetr raised shares of Vale SA from a “hold” rating to a “buy” rating and set a $10.25 price objective on the stock in a research report on Tuesday, January 17th. Zacks Investment Research raised shares of Vale SA from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Wednesday, February 8th. Deutsche Bank AG boosted their price objective on shares of Vale SA from $12.00 to $12.50 and gave the stock a “buy” rating in a research report on Tuesday, March 21st. Finally, TheStreet raised shares of Vale SA from a “d+” rating to a “c-” rating in a research report on Tuesday, January 31st. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $9.34.
Shares of Vale SA (NYSE:VALE) traded down 2.62% on Wednesday, hitting $8.54. 22,684,876 shares of the stock traded hands. The firm’s 50 day moving average is $8.82 and its 200 day moving average is $9.04. Vale SA has a 52 week low of $3.85 and a 52 week high of $11.70. The firm has a market capitalization of $44.01 billion, a PE ratio of 9.38 and a beta of 1.57.
Vale SA (NYSE:VALE) last announced its quarterly earnings results on Thursday, April 27th. The basic materials company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.07. Vale SA had a negative net margin of 19.99% and a positive return on equity of 2.90%. The company had revenue of $8.52 billion during the quarter. On average, analysts expect that Vale SA will post $1.26 EPS for the current fiscal year.
