Companhia Siderurgica Nacional (NYSE:SID) was upgraded by equities research analysts at Goldman Sachs Group from a “sell” rating to a “neutral” rating in a report issued on Sunday, MarketBeat reports.

A number of other equities research analysts have also commented on SID. Standpoint Research lowered shares of Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Zacks Investment Research lowered shares of Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. HSBC raised shares of Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. BTIG Research raised shares of Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating in a research note on Wednesday, January 23rd. Finally, Itau BBA Securities raised shares of Companhia Siderurgica Nacional from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $4.75.

NYSE:SID opened at $4.13 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.05 and a debt-to-equity ratio of 2.31. Companhia Siderurgica Nacional has a 52 week low of $1.91 and a 52 week high of $4.60.

Several institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of Companhia Siderurgica Nacional by 797.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,993,863 shares of the basic materials company’s stock valued at $4,546,000 after acquiring an additional 1,771,802 shares during the period. Morgan Stanley lifted its position in shares of Companhia Siderurgica Nacional by 459.5% during the 3rd quarter. Morgan Stanley now owns 1,560,624 shares of the basic materials company’s stock valued at $3,558,000 after acquiring an additional 1,281,702 shares during the period. Dorsey Wright & Associates acquired a new position in shares of Companhia Siderurgica Nacional during the 1st quarter valued at $4,405,000. Renaissance Technologies LLC lifted its position in shares of Companhia Siderurgica Nacional by 764.2% during the 3rd quarter. Renaissance Technologies LLC now owns 393,200 shares of the basic materials company’s stock valued at $896,000 after acquiring an additional 347,700 shares during the period. Finally, Deutsche Bank AG lifted its position in shares of Companhia Siderurgica Nacional by 215.7% during the 4th quarter. Deutsche Bank AG now owns 392,589 shares of the basic materials company’s stock valued at $859,000 after acquiring an additional 268,228 shares during the period. Institutional investors own 2.43% of the company’s stock.

About Companhia Siderurgica Nacional

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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Analyst Recommendations for Companhia Siderurgica Nacional (NYSE:SID)

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