Steel Dynamics (NASDAQ:STLD) had its price target lifted by equities researchers at BMO Capital Markets to $55.00 in a note issued to investors on Wednesday, The Fly reports. The firm presently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 15.81% from the stock’s current price.
Other equities analysts have also issued research reports about the company. Jefferies Group reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Steel Dynamics in a research note on Friday, October 6th. BidaskClub raised Steel Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. Morgan Stanley set a $36.00 price objective on Steel Dynamics and gave the stock a “hold” rating in a research note on Tuesday, October 24th. KeyCorp set a $49.00 price objective on Steel Dynamics and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, Citigroup upped their price objective on Steel Dynamics from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.64.
Steel Dynamics (NASDAQ STLD) traded up $1.14 during trading hours on Wednesday, reaching $47.49. The company’s stock had a trading volume of 3,387,873 shares, compared to its average volume of 2,440,000. Steel Dynamics has a twelve month low of $32.15 and a twelve month high of $48.14. The company has a quick ratio of 1.95, a current ratio of 4.04 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $11,530.00, a price-to-earnings ratio of 14.09, a PEG ratio of 1.03 and a beta of 1.40.
Steel Dynamics Company Profile
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.