Vale's (VALE) "Neutral" Rating Reaffirmed at UBS Group

Key Points

• UBS Group has raised the target price for Vale (NYSE:VALE) from $9.00 to $10.00, maintaining a "neutral" rating on the stock, which suggests a potential upside of 1.97% from the previous close.
• Other analysts have also updated their ratings, with Bank of America raising its target to $11.50 and Barclays increasing theirs to $13.00, while Scotiabank lowered its target to $12.50.
• Vale currently has a consensus rating of "Hold" from analysts, with an average price target of $11.84 and reported earnings of $0.50 per share that beat expectations.

Vale (NYSE:VALE - Get Free Report)'s stock had its "neutral" rating reiterated by research analysts at UBS Group in a research report issued to clients and investors on Monday, Marketbeat reports. They currently have a $10.00 price objective on the basic materials company's stock, up from their prior price objective of $9.00. UBS Group's target price suggests a potential upside of 1.27% from the stock's current price.

Other equities analysts have also issued reports about the company. CICC Research assumed coverage on Vale in a report on Monday, May 12th. They issued an "outperform" rating and a $11.30 price objective for the company. Royal Bank Of Canada reissued a "sector perform" rating and set a $11.00 price target (down from $12.00) on shares of Vale in a report on Thursday, April 17th. Barclays upped their price objective on shares of Vale from $12.75 to $13.00 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Scotiabank lowered their target price on shares of Vale from $13.00 to $12.50 and set a "sector perform" rating on the stock in a research note on Tuesday, July 22nd. Finally, Bank of America raised shares of Vale from a "neutral" rating to a "buy" rating and upped their price target for the stock from $11.00 to $11.50 in a research note on Thursday, April 10th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $11.84.

Vale Stock Performance

Shares of Vale stock traded up $0.01 during trading on Monday, hitting $9.88. 15,048,396 shares of the stock were exchanged, compared to its average volume of 38,132,621. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.74 and a current ratio of 1.22. Vale has a 12 month low of $8.06 and a 12 month high of $12.05. The stock's fifty day moving average is $9.69 and its 200 day moving average is $9.57. The stock has a market cap of $44.82 billion, a PE ratio of 8.03 and a beta of 0.74.

Vale (NYSE:VALE - Get Free Report) last posted its earnings results on Thursday, July 31st. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.16. Vale had a net margin of 14.23% and a return on equity of 18.14%. The firm had revenue of $8.80 billion during the quarter, compared to analyst estimates of $9.54 billion. As a group, sell-side analysts anticipate that Vale will post 1.85 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Park Avenue Securities LLC grew its holdings in shares of Vale by 8.5% in the 2nd quarter. Park Avenue Securities LLC now owns 13,935 shares of the basic materials company's stock worth $135,000 after acquiring an additional 1,087 shares during the last quarter. MAI Capital Management boosted its position in shares of Vale by 5.1% in the 1st quarter. MAI Capital Management now owns 23,597 shares of the basic materials company's stock valued at $235,000 after purchasing an additional 1,155 shares during the period. Blue Trust Inc. increased its stake in Vale by 5.1% in the 1st quarter. Blue Trust Inc. now owns 25,876 shares of the basic materials company's stock worth $258,000 after purchasing an additional 1,248 shares in the last quarter. Snowden Capital Advisors LLC raised its holdings in Vale by 5.9% during the 4th quarter. Snowden Capital Advisors LLC now owns 24,181 shares of the basic materials company's stock worth $214,000 after buying an additional 1,349 shares during the period. Finally, Ascent Group LLC lifted its stake in Vale by 2.3% during the second quarter. Ascent Group LLC now owns 61,364 shares of the basic materials company's stock valued at $596,000 after buying an additional 1,396 shares in the last quarter. Institutional investors own 21.85% of the company's stock.

Vale Company Profile

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.