Companhia Siderúrgica Nacional (NYSE:SID) Lowered to Hold at StockNews.com

StockNews.com cut shares of Companhia Siderúrgica Nacional (NYSE:SID) from a buy rating to a hold rating in a research note published on Thursday.

A number of other equities analysts have also commented on the stock. Bank of America lowered shares of Companhia Siderúrgica Nacional from a neutral rating to an underperform rating and cut their price target for the stock from $3.90 to $2.90 in a report on Tuesday, April 9th. Itau BBA Securities restated an underperform rating and issued a $3.00 target price on shares of Companhia Siderúrgica Nacional in a report on Thursday, April 4th.

Companhia Siderúrgica Nacional Stock Performance

Shares of NYSE:SID opened at $2.52 on Thursday. The company’s 50 day simple moving average is $2.87 and its 200 day simple moving average is $3.24. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 1.67 and a beta of 2.01. Companhia Siderúrgica Nacional has a 1 year low of $2.11 and a 1 year high of $4.03. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.32 and a quick ratio of 0.94.

Companhia Siderúrgica Nacional (NYSE:SID) last posted its earnings results on Thursday, March 7th. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The company had revenue of $2.42 billion for the quarter. Companhia Siderúrgica Nacional had a return on equity of 3.15% and a net margin of 1.45%. As a group, research analysts predict that Companhia Siderúrgica Nacional will post 0.12 EPS for the current fiscal year.

Companhia Siderúrgica Nacional Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Friday, January 1st were issued a dividend of $0.1395 per share. The ex-dividend date was Wednesday, May 22nd. This represents a dividend yield of 16.6%. Companhia Siderúrgica Nacional’s dividend payout ratio is currently 311.11%.

Hedge Funds Weigh In On Companhia Siderúrgica Nacional

Institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in Companhia Siderúrgica Nacional in the 3rd quarter worth about $145,000. Pinnacle Wealth Planning Services Inc. bought a new stake in Companhia Siderúrgica Nacional in the 3rd quarter worth about $43,000. Banque Cantonale Vaudoise grew its position in Companhia Siderúrgica Nacional by 50.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 450,000 shares of the basic materials company’s stock worth $1,076,000 after purchasing an additional 150,000 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Companhia Siderúrgica Nacional by 20.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 26,133 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 4,437 shares during the period. Finally, First Affirmative Financial Network bought a new position in shares of Companhia Siderúrgica Nacional during the 4th quarter valued at approximately $54,000.

Companhia Siderúrgica Nacional Company Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products consisting of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.