Jefferies Financial Group Lowers Vale (NYSE:VALE) Price Target to $11.00

Vale (NYSE:VALE) had its price target cut by Jefferies Financial Group from $14.00 to $11.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

A number of other equities analysts have also recently weighed in on the company. StockNews.com initiated coverage on Vale in a report on Friday, December 13th. They issued a “buy” rating for the company. Scotiabank reduced their target price on Vale from $16.00 to $14.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 20th. UBS Group cut shares of Vale from a “buy” rating to a “neutral” rating and dropped their price target for the company from $14.00 to $11.50 in a research note on Monday, November 11th. Wolfe Research cut shares of Vale from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, October 9th. Finally, Barclays dropped their target price on shares of Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.89.

Vale Price Performance

Shares of NYSE VALE opened at $8.50 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. The firm’s 50 day simple moving average is $9.60 and its 200-day simple moving average is $10.39. Vale has a 12 month low of $8.42 and a 12 month high of $15.06. The stock has a market capitalization of $38.11 billion, a price-to-earnings ratio of 3.94, a PEG ratio of 0.27 and a beta of 0.92.

Vale (NYSE:VALE) last released its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. The company had revenue of $9.55 billion during the quarter, compared to analysts’ expectations of $9.61 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%. During the same quarter in the previous year, the company earned $0.66 earnings per share. Analysts expect that Vale will post 2.08 EPS for the current year.

Institutional Trading of Vale

Several large investors have recently bought and sold shares of VALE. Bank of New York Mellon Corp grew its position in shares of Vale by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 62,076 shares of the basic materials company’s stock valued at $693,000 after purchasing an additional 1,187 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Vale by 14.1% in the 2nd quarter. Victory Capital Management Inc. now owns 35,115 shares of the basic materials company’s stock valued at $392,000 after buying an additional 4,330 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Vale in the 2nd quarter worth $186,000. Ping Capital Management Inc. purchased a new position in shares of Vale during the 2nd quarter worth $447,000. Finally, Choreo LLC raised its holdings in shares of Vale by 23.8% during the 2nd quarter. Choreo LLC now owns 21,987 shares of the basic materials company’s stock worth $246,000 after acquiring an additional 4,233 shares during the period. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Company Profile

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.