Steel Authority of India (NSEI:SAIL) Price Target Increased by 9.72% to 104.79

The average one-year price target for Steel Authority of India (NSEI:SAIL) has been revised to 104.79 / share. This is an increase of 9.72% from the prior estimate of 95.51 dated January 16, 2024.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 70.70 to a high of 157.50 / share. The average price target represents a decrease of 18.86% from the latest reported closing price of 129.15 / share.

Steel Authority of India Maintains 1.16% Dividend Yield

At the most recent price, the company's dividend yield is 1.16%.

Additionally, the company's dividend payout ratio is 0.20. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is -0.25%.

What is the Fund Sentiment?

There are 46 funds or institutions reporting positions in Steel Authority of India. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to SAIL is 0.12%, a decrease of 8.05%. Total shares owned by institutions decreased in the last three months by 9.13% to 89,096K shares.

What are Other Shareholders Doing?

IN:SAIL / Steel Authority of India Limited Shares Held by Institutions

VEIEX - Vanguard Emerging Markets Stock Index Fund Investor Shares holds 20,165K shares representing 0.49% ownership of the company. No change in the last quarter.

VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 19,668K shares representing 0.48% ownership of the company. In it's prior filing, the firm reported owning 19,272K shares, representing an increase of 2.01%. The firm decreased its portfolio allocation in SAIL by 0.94% over the last quarter.

DFCEX - Emerging Markets Core Equity Portfolio - Institutional Class holds 6,883K shares representing 0.17% ownership of the company. In it's prior filing, the firm reported owning 6,987K shares, representing a decrease of 1.51%. The firm decreased its portfolio allocation in SAIL by 2.35% over the last quarter.

Dimensional Emerging Markets Value Fund - Dimensional Emerging Markets Value Fund holds 5,294K shares representing 0.13% ownership of the company. In it's prior filing, the firm reported owning 7,056K shares, representing a decrease of 33.28%. The firm decreased its portfolio allocation in SAIL by 24.77% over the last quarter.

PEIFX - PIMCO RAE Emerging Markets Fund Institutional Class holds 5,097K shares representing 0.12% ownership of the company. In it's prior filing, the firm reported owning 4,292K shares, representing an increase of 15.79%. The firm increased its portfolio allocation in SAIL by 30.99% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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