Companhia Siderurgica Nacional (NYSE: SID) Hogging The Spotlight Today


Millennium Management LLC recently announced the acquisition of new stake in Companhia Siderurgica Nacional (NYSE:SID). This fresh investment now brings its stake to 0.16% valued currently at $5.14 million. In addition, Northern Trust Investments, Inc.(.. raised its holdings by 13874.0 to 1.22 million shares.

With over 1.27 million Companhia Siderurgica Nacional (SID) shares trading Tuesday and a closing price of $2.84 on the day, the dollar volume was approximately $3.6 million. The shares have shown a positive weekly performance of 7.17% and its price on 09/01/20 gained nearly 4.03%. Currently, there are 1.38B common shares owned by the public and among those 649.81M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for SID have a consensus price objective of $2.48. The analysts have set the share’s price value over the next 12 months at a high of $3.39 and a low of $1.33 should the stock experience a downside. Incidentally, analysts’ outlook for the Companhia Siderurgica Nacional stock is 3.00 for the next 12 months. The average price target is -44.9% below its last price level and a downside to the estimated low will see the stock lose -113.53% over that period. But an upside of 16.22% will see the stock hit the forecast high price target while mean target price for the stock is $2.50.

The top 3 mutual fund holders in Companhia Siderurgica Nacional are Vanguard Emerging Markets Stock I, DFA Emerging Markets Core Equity, and Vanguard Total International Stoc. Vanguard Emerging Markets Stock I owns 4.2 million shares of the company’s stock, all valued at over $9.7 million. Vanguard Total International Stoc now owns shares totaling to 0.14% of the shares outstanding.

Shares of Companhia Siderurgica Nacional (NYSE: SID) opened at $2.83, up $0.1 from a prior closing price of $2.73. However, the script later closed the day at $2.84, up 4.03%. The company’s stock has a 5-day price change of 7.17% and 37.20% over the past three months. SID shares are trading -17.68% year to date (YTD), with the 12-month market performance down to -13.15% lower. It has a 12-month low price of $1.02 and touched a high of $3.78 over the same period. Currently, 1.27 million shares have been traded, compared to an average intraday trading volume of 1.67 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.29%, 22.73%, and 21.09% respectively.

Institutional ownership of Companhia Siderurgica Nacional (NYSE: SID) shares accounts for 2.20% of the company’s 1.38B shares outstanding. Mutual fund holders own 0.93%, while other institutional holders and individual stakeholders account for 1.14% and — respectively.

It has a market capitalization of $3.85B and a beta (3y monthly) value of 2.09. The earnings-per-share (ttm) stands at -$0.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.06% over the week and 3.90% over the month.

Analysts forecast that Companhia Siderurgica Nacional (SID) will achieve an EPS of $0.26 for the current quarter, $0.04 for the next quarter and $0.47 for 2021. The lowest estimate earnings-per-share for the quarter is $0.26 while analysts give the company a high EPS estimate of $0.26. Comparatively, EPS for the current quarter was -$0.17 a year ago. Earnings per share for the fiscal year are expected to decrease by -64.90%, and 10.98% over the next financial year. EPS should shrink at an annualized rate of -3.21% over the next five years, compared to 81.00% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Companhia Siderurgica Nacional (SID) as a “Hold” at a consensus score of 3.00. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 6 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the SID, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on August 10, 2020, with the firm’s price target at. JP Morgan coverage for the Companhia Siderurgica Nacional (SID) stock in a research note released on June 22, 2020 offered a Underweight rating with a price target of. Citigroup was of a view on December 16, 2019 that the stock is Sell, while Morgan Stanley gave the stock Equal-Weight rating on June 12, 2019, issuing a price target of. Goldman on their part issued Neutral rating on April 15, 2019.


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