In the latest quarter, Steel Dynamics (STLD) has received ratings from 4 analysts, reflecting a mix of bullish and bearish perspectives. The table below provides a summary of their recent ratings, comparing them to previous months and highlighting the shifting sentiments over the past 30 days.
| Rating | Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish |
|————-|———|—————–|————-|——————|———|
| Total Ratings | 0 | 0 | 3 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 1 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
Analysts have also set 12-month price targets for Steel Dynamics, with an average target of $111.25, a high estimate of $120.00, and a low estimate of $98.00. This average target represents a 6.29% increase from the previous average price target of $104.67.
To further understand these analyst ratings, it is essential to delve into the actions taken by key analysts, their firm affiliations, and adjustments to ratings and price targets. Here are some notable insights:
1. Andreas Bokkenheuser of UBS lowered the rating to Neutral and set a current price target of $119.00, down from the previous target of $120.00.
2. Andreas Bokkenheuser of UBS also announced a Neutral rating with a current price target of $120.00.
3. Bill Peterson of JP Morgan raised the rating to Underweight and set a current price target of $98.00, up from the previous target of $95.00.
4. Carlos De Alba of Morgan Stanley raised the rating to Equal-Weight and set a current price target of $108.00, up from the previous target of $99.00.
Analyzing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Steel Dynamics’ market position. It is important to consider factors such as the company’s market capitalization, revenue growth, net margin, return on equity (ROE), return on assets (ROA), and debt management.
Steel Dynamics operates scrap-based steel minimills and generates maximum revenue from its steel operations segment. The company’s market capitalization is above the industry average, indicating investor confidence and market recognition. However, its revenue growth over the past 3 months has faced challenges, with a decline of approximately -18.84%. Despite this, Steel Dynamics exhibits strong profitability and effective cost management, as reflected in its exceptional net margin of 12.58%. The company also showcases impressive ROE and ROA, surpassing industry averages. Additionally, its debt-to-equity ratio is below the industry average, indicating a healthier balance between debt and equity.
Analyst ratings provide valuable insights into the market perception of a company, but it is essential to remember that analysts’ opinions are subjective and should be considered alongside other research and analysis. By staying informed and considering various factors, investors can make well-judged decisions regarding their investments in Steel Dynamics.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
