Just How Positive is Jefferies on Vale (NYSE:VALE) Following Their Upgrade?

September 8, 2018 - By Victoria Pittman

Vale S.A. (NYSE:VALE) Logo

Vale (NYSE:VALE) Stock Upgrade

It will be interesting to watch today’s trading of shares of Vale (NYSE:VALE) as Jefferies boosted the stock from a “Hold” to a respectable “Buy”.

Vale S.A. (NYSE:VALE) Ratings Coverage

Among 5 analysts covering Vale SA (NYSE:VALE), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Vale SA has $16.5000 highest and $1600 lowest target. $14.17’s average target is 8.92% above currents $13.01 stock price. Vale SA had 6 analyst reports since March 28, 2018 according to SRatingsIntel. The rating was upgraded by Macquarie Research on Tuesday, June 26 to “Outperform”. RBC Capital Markets downgraded Vale S.A. (NYSE:VALE) on Tuesday, April 24 to “Hold” rating. The firm has “Buy” rating given on Wednesday, March 28 by Bank of America. As per Thursday, June 28, the company rating was upgraded by BMO Capital Markets. The firm has “Buy” rating given on Tuesday, April 3 by RBC Capital Markets. The rating was upgraded by Jefferies to “Buy” on Friday, September 7.

The stock increased 0.15% or $0.02 during the last trading session, reaching $13.01. About 15.27 million shares traded. Vale S.A. (NYSE:VALE) has risen 69.29% since September 8, 2017 and is uptrending. It has outperformed by 56.72% the S&P500.

Analysts await Vale S.A. (NYSE:VALE) to report earnings on October, 25. They expect $0.38 EPS, down 5.00 % or $0.02 from last year’s $0.4 per share. VALE’s profit will be $1.99 billion for 8.56 P/E if the $0.38 EPS becomes a reality. After $0.40 actual EPS reported by Vale S.A. for the previous quarter, Wall Street now forecasts -5.00 % negative EPS growth.

Vale S.A., together with its subsidiaries, engages in the production and sale of iron ore and iron ore pallets for steelmaking in Brazil and internationally. The company has market cap of $68.01 billion. The Company’s Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous services and products, as well as engages in the provision of railroad, port, and terminal logistics services. It has a 17.03 P/E ratio. The companyÂ’s Coal segment is involved in the extraction of metallurgical and thermal coal; and provision of logistic services.

Vale S.A. (NYSE:VALE) Ratings Chart

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