Brokerages Set Vale S.A. (NYSE:VALE) Price Target at $14.38

Shares of Vale S.A. (NYSE:VALEGet Free Report) have been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $14.38.

VALE has been the topic of a number of recent research reports. Scotiabank reduced their target price on shares of Vale from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 20th. UBS Group cut shares of Vale from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $14.00 to $11.50 in a research report on Monday, November 11th. StockNews.com started coverage on Vale in a research report on Friday, December 13th. They set a “buy” rating on the stock. Morgan Stanley downgraded Vale from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $14.50 to $11.30 in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. dropped their price objective on Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a report on Monday, September 23rd.

Get Our Latest Analysis on Vale

Institutional Investors Weigh In On Vale

A number of institutional investors have recently made changes to their positions in the company. Ballentine Partners LLC boosted its holdings in Vale by 7.8% in the third quarter. Ballentine Partners LLC now owns 13,627 shares of the basic materials company’s stock worth $159,000 after purchasing an additional 987 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Vale by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 62,076 shares of the basic materials company’s stock valued at $693,000 after buying an additional 1,187 shares during the period. IFG Advisory LLC grew its position in shares of Vale by 6.1% during the 2nd quarter. IFG Advisory LLC now owns 22,702 shares of the basic materials company’s stock valued at $254,000 after buying an additional 1,296 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in Vale by 5.0% during the third quarter. Pinnacle Associates Ltd. now owns 28,754 shares of the basic materials company’s stock worth $336,000 after acquiring an additional 1,375 shares during the period. Finally, Keynote Financial Services LLC lifted its holdings in Vale by 13.5% in the third quarter. Keynote Financial Services LLC now owns 11,737 shares of the basic materials company’s stock worth $137,000 after acquiring an additional 1,400 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors.

Vale Stock Up 0.1 %

Shares of NYSE VALE opened at $8.87 on Thursday. The stock has a fifty day moving average price of $9.82 and a 200 day moving average price of $10.48. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. Vale has a 12-month low of $8.69 and a 12-month high of $15.99. The company has a market cap of $39.76 billion, a P/E ratio of 4.11, a P/E/G ratio of 0.27 and a beta of 0.91.

Vale (NYSE:VALEGet Free Report) last posted its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. The business had revenue of $9.55 billion during the quarter, compared to analyst estimates of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same quarter last year, the firm earned $0.66 earnings per share. Research analysts anticipate that Vale will post 2.08 EPS for the current fiscal year.

About Vale

(Get Free Report

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.

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