Steel Dynamics (STLD) PT Set at $60.00 by Cowen
Steel Dynamics (NASDAQ:STLD) received a $60.00 target price from investment analysts at Cowen in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the basic materials company’s stock. Cowen’s price objective would indicate a potential upside of 38.79% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Steel Dynamics from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine cut shares of Steel Dynamics from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Credit Suisse Group boosted their price target on shares of Steel Dynamics from $43.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. BidaskClub upgraded shares of Steel Dynamics from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. Finally, Jefferies Group reiterated a “buy” rating and set a $53.00 price target on shares of Steel Dynamics in a report on Thursday, January 11th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $46.64.
Steel Dynamics (NASDAQ:STLD) opened at $43.23 on Monday. The company has a current ratio of 4.04, a quick ratio of 2.29 and a debt-to-equity ratio of 0.74. Steel Dynamics has a twelve month low of $32.15 and a twelve month high of $48.28. The company has a market cap of $10,461.42, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 0.95 and a beta of 1.34.
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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.
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