Santander upgraded shares of Companhia Siderurgica Nacional (NYSE:SID) from a hold rating to a buy rating in a research report report published on Tuesday morning, The Fly reports.
Several other research firms have also weighed in on SID. Bank of America initiated coverage on Companhia Siderurgica Nacional in a report on Thursday, August 16th. They issued a buy rating for the company. ValuEngine upgraded Companhia Siderurgica Nacional from a sell rating to a hold rating in a report on Tuesday, September 18th. Finally, Zacks Investment Research lowered Companhia Siderurgica Nacional from a buy rating to a hold rating in a report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $2.25.
SID opened at $2.59 on Tuesday. Companhia Siderurgica Nacional has a twelve month low of $1.91 and a twelve month high of $3.53. The company has a current ratio of 1.25, a quick ratio of 0.76 and a debt-to-equity ratio of 2.99.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Northern Trust Corp increased its position in Companhia Siderurgica Nacional by 10.7% in the 2nd quarter. Northern Trust Corp now owns 1,208,285 shares of the basic materials company’s stock worth $2,441,000 after buying an additional 116,482 shares during the period. Barclays PLC increased its position in Companhia Siderurgica Nacional by 28.9% in the 1st quarter. Barclays PLC now owns 347,366 shares of the basic materials company’s stock worth $914,000 after buying an additional 77,779 shares during the period. A.R.T. Advisors LLC bought a new position in Companhia Siderurgica Nacional in the 1st quarter worth approximately $397,000. Credit Agricole S A bought a new position in Companhia Siderurgica Nacional in the 2nd quarter worth approximately $193,000. Finally, Verde Servicos Internacionais S.A. bought a new position in Companhia Siderurgica Nacional in the 3rd quarter worth approximately $136,000. Hedge funds and other institutional investors own 1.96% of the company’s stock.
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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