Analysts Rating Review: Steel Dynamics Inc (NASDAQ:STLD)

Steel Dynamics Inc (NASDAQ:STLD) shares traded 1.2% up during most recent session to reach at the closing price of $34.55. The stock exchanged hands 3.95 Million shares versus average trading capacity of 2.95 Million shares, yielding a market cap of $8.35 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $43.38 within the next 52-weeks. The mean target projections are based on 13 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Steel Dynamics Inc (NASDAQ:STLD) high price target of $48 and with a conservative view have low price target of $36.

Macquarie “Upgrades” Steel Dynamics Inc (NASDAQ:STLD) in a research note issued to investors on 4/24/17 to Outperform with price target of $44.

Additionally on 1/12/17 Credit Suisse “Downgrades” Steel Dynamics Inc (NASDAQ:STLD) to Neutral setting price target at $36 and on 12/06/16 Berenberg “Upgrades” the stock to Buy at $44. Furthermore on 12/05/16 Deutsche Bank “Maintained” the stock to Buy at $42.

On the other hand the company has Relative Strength Index (RSI 14) of 45.13 along with Average True Range (ATR 14) of 1.01, Consequently Steel Dynamics Inc (NASDAQ:STLD)’s weekly and monthly volatility is 2.12%, 2.86% respectively. The company’s beta value is at 1.32.

In terms of Buy, Sell or Hold recommendations, Steel Dynamics Inc (NASDAQ:STLD) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

According to analysts Steel Dynamics Inc (NASDAQ:STLD)’s minimum EPS for the current quarter is at $0.7 and can go high up to $1.07. The consensus mean EPS for the current quarter is at $0.86 derived from a total of 12 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.58 earnings per share for the same quarter during last year.

Previously Steel Dynamics Inc (NASDAQ:STLD) reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.05. The company posted an earnings surprise of 6.4%.

Steel Dynamics Inc (NASDAQ:STLD)’s revenue estimates for the current quarter are $2.51 Billion according to 5 number of analysts, for the current quarter the company has high revenue estimates of $2.58 Billion in contradiction of low revenue estimates of $2.47 Billion. For the current year the company’s revenue estimates are $9.4 Billion compared to low analyst estimates of $9.06 Billion and high estimates of $9.79 Billion according to 10 number of analysts.

Currently Steel Dynamics Inc (NASDAQ:STLD)’s shares owned by insiders are 4.1%, whereas shares owned by institutional owners are 91.7%. However the six-month change in the insider ownership was recorded -1.4%, as well as three-month change in the institutional ownership was recorded 3.13%.

Steel Dynamics Inc (NASDAQ:STLD) 52-week high price stands at $39.84 and low price stands at $22.18, its price distance from 52-week high is -13.28% while its distance from 52-week low price is 55.8%. The stock hit its 52-week high on 12/08/16, and 52-week low on 05/19/16.

Steel Dynamics Inc (NASDAQ:STLD)’s trailing twelve month revenues are $8.4 Billion, whereas its price to sales ratio for the same period is 0.99. Its book value per share for the most recent quarter is $12.49 while its price to book ratio for the same period is 2.77, as for as the company’s cash per share for the most recent quarter is $4, however its price to cash per share ratio for the same period is 8.63. The stock has 5 year expected PEG ratio of 0.93 whereas its trailing twelve month P/E ratio is 16.22.

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