Brokerage firm CLSA Maintains its rating on Steel Dynamics(NASDAQ:STLD). In a research note issued to the investors, the brokerage major Lowers the price-target to $27.00 per share. The shares have been rated Perform. The rating by CLSA was issued on Sep 21, 2016.
In a different note, Citigroup said it Initiates Coverage on Steel Dynamics, according to a research note issued on Aug 22, 2016. The shares have been rated ‘Buy’ by the firm. On Aug 19, 2016, KeyBanc said it Downgrades its rating on Steel Dynamics. The shares have been rated ‘Sector Weight’ by the firm. On Jul 20, 2016, Bank of America said it Downgrades its rating on Steel Dynamics. The shares have been rated ‘Neutral’ by the firm. On Jul 13, 2016, Barclays said it Maintains its rating on Steel Dynamics. In the research note, the firm Raises the price-target to $27.00 per share. The shares have been rated ‘Overweight’ by the firm.
Steel Dynamics (STLD) shares turned negative on Tuesdays trading session with the shares closing down -0.09 points or -0.37% at a volume of 51,95,903. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.3. The peak price level was also seen at $24.3 while the days lowest was $23.35. Finally the shares closed at $24.21. The 52-week high of the shares is $28.01 while the 52-week low is $15.32. According to the latest information available, the market cap of the company is $5,901 M.
Steel Dynamics(STLD) last announced its earnings results on Jul 18, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.02B. Analysts had an estimated revenue of $2.04B. Earnings per share were $0.58. Analysts had estimated an EPS of $0.56.
Several Insider Transactions has been reported to the SEC. On Aug 1, 2016, Keith E Busse (director) sold 13,155 shares at $27.00 per share price.Also, On Jul 27, 2016, Jurgen Dr Kolb (director) sold 17,900 shares at $26.85 per share price.On Aug 28, 2015, Richard P Jr Teets (Executive Vice President) purchased 6,000 shares at $18.75 per share price, according to the Form-4 filing with the securities and exchange commission.
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.