Recent Investment Analysts’ Ratings Changes for Steel Dynamics (STLD)

Steel Dynamics (NASDAQ: STLD) recently received a number of ratings updates from brokerages and research firms:

  • 2/5/2018 – Steel Dynamics was given a new $60.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 2/2/2018 – Steel Dynamics was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/24/2018 – Steel Dynamics had its price target raised by analysts at Credit Suisse Group AG from $43.00 to $53.00. They now have an “outperform” rating on the stock.
  • 1/24/2018 – Steel Dynamics had its price target raised by analysts at BMO Capital Markets to $55.00. They now have an “outperform” rating on the stock.
  • 1/24/2018 – Steel Dynamics had its “outperform” rating reaffirmed by analysts at Cowen Inc. They now have a $60.00 price target on the stock, up previously from $53.00.
  • 1/24/2018 – Steel Dynamics had its “buy” rating reaffirmed by analysts at Jefferies Group LLC.
  • 1/23/2018 – Steel Dynamics was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/11/2018 – Steel Dynamics had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $53.00 price target on the stock.
  • 1/10/2018 – Steel Dynamics was given a new $49.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 1/10/2018 – Steel Dynamics was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. The company operates through Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Other segments. The Steel Operations segment provides a range of sheet steel products, such as hot roll, cold roll, and coated steel products; structural steel beams and pilings to construction market etc. The Metals Recycling Operations segment is involved in the purchase, process, and resale of ferrous and nonferrous scrap metals into reusable forms and grades. The Steel Fabrication Operations segment produces steel building components comprising steel joists, girders, trusses, and steel decks primarily for the non-residential construction industry. The Other segment offers pig and hot briquetted iron; and iron nugget products that are used in electric arc furnace steel mill production. “
  • 1/8/2018 – Steel Dynamics was given a new $51.00 price target on by analysts at Bank of America Corp. They now have a “buy” rating on the stock.
  • 1/6/2018 – Steel Dynamics was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 12/26/2017 – Steel Dynamics was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. The company operates through Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Other segments. The Steel Operations segment provides a range of sheet steel products, such as hot roll, cold roll, and coated steel products; structural steel beams and pilings to construction market etc. The Metals Recycling Operations segment is involved in the purchase, process, and resale of ferrous and nonferrous scrap metals into reusable forms and grades. The Steel Fabrication Operations segment produces steel building components comprising steel joists, girders, trusses, and steel decks primarily for the non-residential construction industry. The Other segment offers pig and hot briquetted iron; and iron nugget products that are used in electric arc furnace steel mill production. “
  • 12/20/2017 – Steel Dynamics was upgraded by analysts at Longbow Research from a “neutral” rating to a “buy” rating.
  • 12/18/2017 – Steel Dynamics was given a new $43.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.

Shares of Steel Dynamics, Inc. (NASDAQ:STLD) opened at $43.57 on Monday. The company has a market cap of $10,323.99, a PE ratio of 12.93, a P/E/G ratio of 0.94 and a beta of 1.34. Steel Dynamics, Inc. has a 12 month low of $32.15 and a 12 month high of $48.28. The company has a quick ratio of 2.29, a current ratio of 4.04 and a debt-to-equity ratio of 0.74.

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.

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