National Steel (NYSE:SID) Price Target Raised to $1.40

National Steel (NYSE:SID) had its price objective boosted by UBS Group from $1.30 to $1.40 in a research note published on Monday,Benzinga reports. They currently have a sell rating on the basic materials company’s stock.

Several other research analysts have also recently commented on the company. Zacks Research raised National Steel from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Weiss Ratings reissued a “sell (d)” rating on shares of National Steel in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell” and a consensus price target of $1.40.

National Steel Price Performance

Shares of SID opened at $1.74 on Monday. The company has a quick ratio of 0.91, a current ratio of 1.32 and a debt-to-equity ratio of 2.49. National Steel has a twelve month low of $1.24 and a twelve month high of $1.84. The stock has a market capitalization of $2.30 billion, a P/E ratio of -10.21 and a beta of 1.74. The company has a 50 day moving average of $1.63 and a 200-day moving average of $1.52.

National Steel (NYSE:SID) last posted its quarterly earnings data on Monday, November 10th. The basic materials company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.08 billion. National Steel had a negative return on equity of 7.77% and a negative net margin of 2.88%. As a group, equities research analysts forecast that National Steel will post -0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Inspire Investing LLC increased its holdings in shares of National Steel by 155.7% during the 1st quarter. Inspire Investing LLC now owns 31,681 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 19,289 shares during the last quarter. American Century Companies Inc. boosted its position in National Steel by 0.6% during the first quarter. American Century Companies Inc. now owns 2,187,196 shares of the basic materials company’s stock worth $3,653,000 after purchasing an additional 13,632 shares during the period. Finally, EntryPoint Capital LLC increased its holdings in shares of National Steel by 23.0% in the first quarter. EntryPoint Capital LLC now owns 46,975 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 8,798 shares during the last quarter.

About National Steel

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel Industry, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and profiles; long steel products; steel packaging solutions for the food industry; chemical packaging solution; and carbochemical products.