Canaccord Genuity Reiterates a 'Buy' on Vale S.A. (VALE); Q1/11 Results a Slight Miss
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Price: $14.23 --0%
Rating Summary:
11 Buy, 15 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
Rating Summary:
11 Buy, 15 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
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Canaccord Genuity reiterates a 'Buy' on Vale S.A. (NYSE: VALE), PT lowered by $1 to $43.
Canaccord analyst says, "Vale reported Q1/11 diluted EPS of US$1.29. We calculate adjusted EPS of US$1.01, below our estimate of US$1.04 and Thomson First Call consensus of US$1.11."
"Our new EPS estimates for 2011 and 2012 are $5.34 and $5.03, down 1% and 8% from our prior estimates of $5.37 and $5.46. Our new EBITDA forecasts for 2011 and 2012 are US$40.8 billion and US$39.3 billion, almost unchanged and down 5% from our prior estimates of $40.7 billion and $41.6 billion."
For more ratings news on Vale S.A. click here and for the rating history of Vale S.A. click here.
Shares of Vale S.A. closed at $31.02 yesterday.
Canaccord analyst says, "Vale reported Q1/11 diluted EPS of US$1.29. We calculate adjusted EPS of US$1.01, below our estimate of US$1.04 and Thomson First Call consensus of US$1.11."
"Our new EPS estimates for 2011 and 2012 are $5.34 and $5.03, down 1% and 8% from our prior estimates of $5.37 and $5.46. Our new EBITDA forecasts for 2011 and 2012 are US$40.8 billion and US$39.3 billion, almost unchanged and down 5% from our prior estimates of $40.7 billion and $41.6 billion."
For more ratings news on Vale S.A. click here and for the rating history of Vale S.A. click here.
Shares of Vale S.A. closed at $31.02 yesterday.
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