Steel Dynamics (NASDAQ:STLD) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.
A number of other equities research analysts have also recently weighed in on STLD. Jefferies Group reissued a “buy” rating on shares of Steel Dynamics in a research report on Wednesday, January 24th. BidaskClub cut shares of Steel Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 23rd. Credit Suisse Group boosted their price target on shares of Steel Dynamics from $43.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. BMO Capital Markets boosted their price target on shares of Steel Dynamics to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Finally, Zacks Investment Research raised shares of Steel Dynamics from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Steel Dynamics has an average rating of “Buy” and a consensus price target of $46.64.
Shares of Steel Dynamics (NASDAQ:STLD) traded down $1.41 on Friday, reaching $44.15. 2,180,400 shares of the company were exchanged, compared to its average volume of 2,286,957. Steel Dynamics has a 52-week low of $32.15 and a 52-week high of $48.28. The stock has a market capitalization of $10,461.43, a PE ratio of 13.10, a PEG ratio of 0.95 and a beta of 1.34. The company has a current ratio of 4.04, a quick ratio of 2.29 and a debt-to-equity ratio of 0.74.
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About Steel Dynamics
Steel Dynamics, Inc is a steel producing and a metal recycling company. The Company is engaged in the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and fabrication and sale of steel joists and deck products. Its segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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