Companhia Siderurgica Nacional (NYSE:SID) was downgraded by analysts at Standpoint Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, March 29th, The Fly reports.
Other analysts have also recently issued reports about the company. Morgan Stanley raised Companhia Siderurgica Nacional from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 5th. BTIG Research raised Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating in a research report on Wednesday, January 23rd. Zacks Investment Research cut Companhia Siderurgica Nacional from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. HSBC raised Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. Finally, Itau BBA Securities raised Companhia Siderurgica Nacional from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. Companhia Siderurgica Nacional presently has an average rating of “Buy” and a consensus price target of $4.75.
Shares of NYSE SID traded down $0.01 during trading hours on Friday, reaching $3.88. The stock had a trading volume of 2,199,007 shares, compared to its average volume of 4,654,298. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.05 and a quick ratio of 0.61. Companhia Siderurgica Nacional has a fifty-two week low of $1.91 and a fifty-two week high of $4.60.
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.
Further Reading: What is the formula for calculating total return?
Receive News & Ratings for Companhia Siderurgica Nacional Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia Siderurgica Nacional and related companies with MarketBeat.com's FREE daily email newsletter.