Jefferies Group Reaffirms “Hold” Rating for Vale (VALE)

Vale (NYSE:VALE)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Group in a research report issued to clients and investors on Thursday. They currently have a $14.00 price target on the basic materials company’s stock. Jefferies Group’s price objective would indicate a potential downside of 0.85% from the company’s current price. Jefferies Group also issued estimates for Vale’s FY2020 earnings at $1.76 EPS.

A number of other research firms also recently issued reports on VALE. Deutsche Bank downgraded Vale from a “buy” rating to a “hold” rating and raised their target price for the stock from $12.00 to $12.50 in a research report on Tuesday, January 16th. Barclays set a $15.00 price target on Vale and gave the company a “buy” rating in a research report on Monday, January 8th. Credit Suisse Group reiterated a “buy” rating and issued a $16.00 price target on shares of Vale in a research report on Wednesday, January 24th. Royal Bank of Canada set a $15.00 price target on Vale and gave the company a “buy” rating in a research report on Tuesday, December 5th. Finally, Morgan Stanley upgraded Vale from an “equal weight” rating to an “overweight” rating and set a $12.00 price target for the company in a research report on Monday, November 27th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Vale has an average rating of “Buy” and an average price target of $12.21.

Vale (VALE) traded down $0.01 during trading hours on Thursday, reaching $14.12. The company’s stock had a trading volume of 25,932,751 shares, compared to its average volume of 28,980,000. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.52. Vale has a twelve month low of $7.47 and a twelve month high of $14.37. The stock has a market capitalization of $75,420.00, a P/E ratio of 10.78, a P/E/G ratio of 0.92 and a beta of 1.67.

Institutional investors have recently bought and sold shares of the stock. Verition Fund Management LLC purchased a new position in Vale during the second quarter worth about $107,000. Rational Advisors LLC purchased a new position in Vale during the fourth quarter worth about $122,000. KCS Wealth Advisory purchased a new position in Vale during the fourth quarter worth about $125,000. GWM Advisors LLC purchased a new position in Vale during the fourth quarter worth about $149,000. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Vale during the third quarter worth about $151,000. Institutional investors and hedge funds own 19.06% of the company’s stock.

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About Vale

Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.

Analyst Recommendations for Vale (NYSE:VALE)

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