Vale (NYSE:VALE) Given New $13.50 Price Target at UBS Group

Vale (NYSE:VALE) had its target price decreased by analysts at UBS Group from $14.50 to $13.50 in a report released on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. UBS Group‘s target price would indicate a potential upside of 19.00% from the company’s current price.

Several other equities analysts have also weighed in on VALE. Barclays cut their target price on Vale from $15.00 to $14.50 and set an “equal weight” rating on the stock in a report on Monday. JPMorgan Chase & Co. upped their price target on Vale from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 30th. Weiss Ratings lowered Vale from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. Scotiabank raised Vale from a “sector perform” rating to a “sector outperform” rating and set a $16.00 price objective on the stock in a research note on Monday, October 19th. Finally, Zacks Research lowered Vale from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.58.

Vale Stock Down 0.4%

NYSE VALE traded down $0.04 during trading on Monday, reaching $11.35. The company’s stock had a trading volume of 27,881,149 shares, compared to its average volume of 30,538,602. The company has a current ratio of 1.19, a quick ratio of 0.77 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $51.50 billion, a PE ratio of 75.64 and a beta of 0.42. The business has a 50-day moving average price of $13.87 and a 200-day moving average price of $15.24. Vale has a 1-year low of $11.06 and a 1-year high of $17.94.

Vale (NYSE:VALE) last posted its earnings results on Thursday, October 29th. The basic materials company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.09). Vale had a return on equity of 16.72% and a net margin of 1.64%. The business had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.45 billion. On average, research analysts forecast that Vale will post 1.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vale

Large investors have recently bought and sold shares of the business. Collaborative Fund Advisors LLC raised its position in Vale by 13.6% in the 3rd quarter. Collaborative Fund Advisors LLC now owns 37,153 shares of the basic materials company’s stock worth $498,000 after purchasing an additional 4,456 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in Vale by 7.3% during the 3rd quarter. Pzena Investment Management LLC now owns 63,382 shares of the basic materials company’s stock worth $850,000 after buying an additional 4,305 shares in the last quarter. ARGA Investment Management LP acquired a new position in Vale during the 3rd quarter worth $2,284,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Vale in the 3rd quarter valued at $4,721,000. Finally, ProShare Advisors LLC boosted its position in Vale by 7.1% in the 3rd quarter. ProShare Advisors LLC now owns 15,980 shares of the basic materials company’s stock valued at $214,000 after buying an additional 1,053 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors.

Vale Company Profile

Vale SA is a Brazil-based global mining and logistics company best known for producing iron ore and iron ore pellets, key raw materials used in steelmaking. The company also produces nickel, copper, manganese ore, coal and other mineral products, with operations spanning exploration, extraction, processing and transportation.

Vale operates an extensive logistics network that includes railways, ports and maritime transportation systems, primarily supporting the movement of minerals from its production sites to domestic and international customers.