Jefferies Maintains Steel Dynamics to Buy with Price Target $31.00

Brokerage firm Jefferies Maintains its rating on Steel Dynamics(NASDAQ:STLD). In a research note issued to the investors, the brokerage major Raises the price-target to $31.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Jun 10, 2016.

In a different note, On Jun 8, 2016, Credit Suisse 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 ‘Outperform’ by the firm. On Apr 22, 2016, Cowen & Company said it Maintains its rating on Steel Dynamics. In the research note, the firm Raises the price-target to $25.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 22, 2016, Macquarie said it Maintains its rating on Steel Dynamics. In the research note, the firm Raises the price-target to $25.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 19, 2016, Barclays said it Maintains its rating on Steel Dynamics. In the research note, the firm Raises the price-target to $22.00 per share. The shares have been rated ‘Overweight’ by the firm. On Apr 5, 2016, JP Morgan said it Maintains its rating on Steel Dynamics. In the research note, the firm Raises the price-target to $21.00 per share. The shares have been rated ‘Overweight’ by the firm. On Mar 23, 2016, Credit Suisse said it Maintains its rating on Steel Dynamics. In the research note, the firm Raises the price-target to $25.00 per share. The shares have been rated ‘Outperform’ by the firm.

Steel Dynamics (STLD) made into the market gainers list on Wednesdays trading session with the shares advancing 2.38% or 0.6 points. Due to strong positive momentum, the stock ended at $25.85, which is also near the day’s high of $26.08. The stock began the session at $25.69 and the volume stood at 41,17,641 shares. The 52-week high of the shares is $26.99 and the 52 week low is $15.32. The company has a current market capitalization of $6,296 M and it has 24,35,72,460 shares in outstanding.

Steel Dynamics(STLD) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.74B. Analysts had an estimated revenue of $1.71B. Earnings per share were $0.26. Analysts had estimated an EPS of $0.24.

Several Insider Transactions has been reported to the SEC. On Mar 22, 2016, Keith E Busse (director) sold 91,873 shares at $21.94 per share price.Also, On Aug 28, 2015, Richard P Jr Teets (Executive Vice President) purchased 6,000 shares at $18.75 per share price.On Aug 20, 2015, John C Bates (director) sold 66,989 shares at $21.22 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Steel Dynamics - Is it time to Sell?

Top Brokerage Firms are advising their investors on Steel Dynamics. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.