Brokerage Firm Rating Update on Steel Dynamics (STLD)

Steel Dynamics (STLD) : 10 analysts are covering Steel Dynamics (STLD) and their average rating on the stock is 1.7, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Steel Dynamics (STLD) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Steel Dynamics (STLD) : 9 investment research analysts covering Steel Dynamics (STLD) have an average price target of $29.44 for the near short term. The highest target price given by the Brokerage Firm to the stock is $33 and the lowest target is $25 for the short term. Analysts expect the variance to be within $2.51 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup initiates coverage on Steel Dynamics (NASDAQ:STLD). Citigroup has a Buy rating on the shares. As per the latest report, the brokerage house announces the price target to $33 per share. The rating by the firm was issued on August 22, 2016.

Steel Dynamics (NASDAQ:STLD): The stock was completely flat for the day, closing at $24.97 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $24.86, the stock touched an intraday high of $25.14 and a low of $24.67. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $24.97. The total trading volume on Wednesday was 2,004,510.

Steel Dynamics, Inc. (SDI) is a steel producing and a metal recycling company. The Company operates in three segments: steel operations, metals recycling and ferrous resources operations, and steel fabrication operations. The Company offers hot roll, cold roll, galvanized, galvanneal, Galvalume, Galfan, and painted sheet steel; a range of structural steel beams and rails; engineered steel of various sizes and chemistries; and various merchant-bar products, rounds, angles, flats and channels. The Company also offers steel finishing and fabrication services. In the metals recycling operations of its metals recycling and ferrous resources segment, its products include an array of both ferrous and non-ferrous scrap processing, scrap management, transportation, and brokerage products and services. Its steel fabrication segment produces steel joists and steel decking materials.

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