Brokerages Set Companhia Siderurgica Nacional (SID) Price Target at $2.25

Companhia Siderurgica Nacional (NYSE:SID) has been assigned a consensus rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company.

Several brokerages have issued reports on SID. Credit Suisse Group upgraded Companhia Siderurgica Nacional from a “neutral” rating to an “outperform” rating in a research report on Monday, June 4th. TheStreet raised Companhia Siderurgica Nacional from a “d+” rating to a “c” rating in a research note on Friday, May 18th. Finally, Zacks Investment Research raised Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a research note on Thursday, July 19th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG grew its stake in shares of Companhia Siderurgica Nacional by 33.6% during the fourth quarter. Deutsche Bank AG now owns 61,795 shares of the basic materials company’s stock worth $151,000 after purchasing an additional 15,537 shares during the period. A.R.T. Advisors LLC acquired a new stake in shares of Companhia Siderurgica Nacional during the first quarter worth $397,000. Citadel Advisors LLC grew its stake in shares of Companhia Siderurgica Nacional by 15.1% during the first quarter. Citadel Advisors LLC now owns 643,739 shares of the basic materials company’s stock worth $1,693,000 after purchasing an additional 84,395 shares during the period. Deltec Asset Management LLC acquired a new stake in shares of Companhia Siderurgica Nacional during the first quarter worth $1,530,000. Finally, Millennium Management LLC grew its stake in shares of Companhia Siderurgica Nacional by 1,548.5% during the fourth quarter. Millennium Management LLC now owns 679,026 shares of the basic materials company’s stock worth $1,664,000 after purchasing an additional 637,835 shares during the period. 2.90% of the stock is owned by institutional investors.

Companhia Siderurgica Nacional traded down $0.11, hitting $2.33, during trading on Friday, according to Marketbeat Ratings. The company’s stock had a trading volume of 4,103,483 shares, compared to its average volume of 2,555,722. The company has a current ratio of 1.25, a quick ratio of 0.65 and a debt-to-equity ratio of 2.99. Companhia Siderurgica Nacional has a 12 month low of $1.91 and a 12 month high of $3.55.

Companhia Siderurgica Nacional Company Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Logistics, Cement, and Energy. It produces a line of steel products, including slabs, hot and cold-rolled, galvanized, and tin mill products for the distribution, packaging, automotive, home appliance, and construction industries.

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Analyst Recommendations for Companhia Siderurgica Nacional (NYSE:SID)

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