Jefferies Financial Group Has Lowered Expectations for Vale (NYSE:VALE) Stock Price

Vale (NYSE:VALE) had its price target dropped by Jefferies Financial Group from $14.00 to $11.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 28.50% from the company’s previous close.

Several other analysts also recently issued reports on the company. Scotiabank cut their price objective on Vale from $16.00 to $14.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 20th. StockNews.com began coverage on shares of Vale in a report on Friday, December 13th. They set a “buy” rating on the stock. UBS Group lowered shares of Vale from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $14.00 to $11.50 in a research note on Monday, November 11th. Wolfe Research downgraded shares of Vale from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, October 9th. Finally, Barclays decreased their target price on Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vale currently has a consensus rating of “Hold” and a consensus target price of $13.89.

Vale Stock Down 0.7 %

NYSE VALE opened at $8.56 on Monday. The company has a market capitalization of $38.38 billion, a P/E ratio of 3.96, a PEG ratio of 0.27 and a beta of 0.92. Vale has a 12 month low of $8.52 and a 12 month high of $15.30. 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 company’s 50 day simple moving average is $9.65 and its 200 day simple moving average is $10.41.

Vale (NYSE:VALE) last announced its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 EPS 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 the consensus estimate of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same quarter in the prior year, the firm earned $0.66 EPS. Equities research analysts expect that Vale will post 2.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VALE. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Vale during the 3rd quarter worth about $28,000. Point72 Hong Kong Ltd bought a new position in Vale during the third quarter valued at approximately $36,000. Wilmington Savings Fund Society FSB acquired a new stake in Vale in the third quarter valued at approximately $79,000. Vienna Asset Management LLC bought a new stake in Vale in the third quarter worth approximately $117,000. Finally, Phillips Wealth Planners LLC acquired a new position in shares of Vale during the 3rd quarter worth $118,000. Hedge funds and other institutional investors own 21.85% of the company’s stock.

About Vale

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.