Companhia Siderúrgica Nacional (SID) Stock Forecast & Price Target

$2.10

+0.02 (+0.96%)

(As of 09/6/2024 ET)

Companhia Siderúrgica Nacional - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Strong Sell
Based on 2 Analyst Ratings

Based on 2 Wall Street analysts who have issued ratings for Companhia Siderúrgica Nacional in the last 12 months, the stock has a consensus rating of "Strong Sell." Out of the 2 analysts, 2 have given a sell rating for SID.

Consensus Price Target

$2.95
40.48% Upside

High Forecast	$3.00
Average Forecast	$2.95
Low Forecast	$2.90

According to the 2 analysts' twelve-month price targets for Companhia Siderúrgica Nacional, the average price target is $2.95. The highest price target for SID is $3.00, while the lowest price target for SID is $2.90. The average price target represents a forecasted upside of 40.48% from the current price of $2.10.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Strong Sell	Strong Sell	Sell	Sell
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$2.95	$2.95	$2.95	$2.30
Forecasted Upside	40.48% Upside	-3.04% Downside	-3.04% Downside	-13.86% Downside

Get Companhia Siderúrgica Nacional Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for SID and its competitors with MarketBeat's FREE daily newsletter.

Ad Weiss Ratings

What is Nvidia’s New $1 Trillion SuperProject?

Taiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as 4,744%. Now, if you’re like everybody else, you want to know what Nvidia’s doing next … and who they’re going to partner with …

Find out details on these three critical Nvidia partners immediately.

SID Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SID Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Companhia Siderúrgica Nacional Stock vs. The Competition

Type	Companhia Siderúrgica Nacional	Basic Materials Companies	S&P 500
Consensus Rating Score	1.00	2.69	2.51
Consensus Rating	Strong Sell	Moderate Buy	Moderate Buy
Predicted Upside	40.48% Upside	192.84% Upside	11.36% Upside
News Sentiment Rating	Very Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/9/2024	Bank of America 4 of 5 stars	Downgrade	Neutral ➝ Underperform	$3.90 ➝ $2.90	-5.07%
4/4/2024	Itau BBA Securities 2 of 5 stars	Reiterated Rating	Market Perform ➝ Underperform	$3.00	-0.99%
6/30/2023	JPMorgan Chase & Co. 3 of 5 stars	Downgrade	Overweight ➝ Neutral
4/14/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Sell
9/21/2022	Bradesco Corretora Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:23 PM ET.

SID Forecast - Frequently Asked Questions

What is Companhia Siderúrgica Nacional's forecast for 2024?: According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Companhia Siderúrgica Nacional is $2.95, with a high forecast of $3.00 and a low forecast of $2.90.
Should I buy or sell Companhia Siderúrgica Nacional stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Companhia Siderúrgica Nacional in the last twelve months. There are currently 2 sell ratings for the stock. The consensus among Wall Street research analysts is that investors should "sell" SID shares.
Does Companhia Siderúrgica Nacional's stock price have much downside?: According to analysts, Companhia Siderúrgica Nacional's stock has a predicted downside of -3.04% based on their 12-month stock forecasts.
Do Wall Street analysts like Companhia Siderúrgica Nacional more than its competitors?: Analysts like Companhia Siderúrgica Nacional less than other "basic materials" companies. The consensus rating for Companhia Siderúrgica Nacional is Strong Sell while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how SID compares to other companies.