Steel Dynamics Given Average Rating of “Buy” by Analysts (NASDAQ:STLD)
Steel Dynamics (NASDAQ:STLD) has received a consensus rating of “Buy” from the twelve analysts that are presently covering the company, StockRatingsNetwork.com reports. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $19.17.
A number of research firms have recently commented on STLD. Analysts at Cowen and Company raised their price target on shares of Steel Dynamics from $16.00 to $20.00 in a research note on Monday. They now have a “market perform” rating on the stock. Separately, analysts at KeyCorp downgraded shares of Steel Dynamics from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Finally, analysts at Canaccord Genuity downgraded shares of Steel Dynamics from a “buy” rating to a “hold” rating in a research note on Monday, February 24th.
Steel Dynamics (NASDAQ:STLD) traded up 0.56% on Monday, hitting $18.10. 1,021,028 shares of the company’s stock traded hands. Steel Dynamics has a 52 week low of $13.85 and a 52 week high of $19.74. The stock’s 50-day moving average is $17.72 and its 200-day moving average is $17.96. The company has a market cap of $4.036 billion and a P/E ratio of 22.76.
Steel Dynamics (NASDAQ:STLD) last released its earnings data on Wednesday, April 16th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.20 by $0.04. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts expect that Steel Dynamics will post $1.15 EPS for the current fiscal year.
Steel Dynamics, Inc is a steel producer and metals recycler in the United States. The Company operates in three segments: steel operations, metals recycling and ferrous resources operations, and steel fabrication operations.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.