Analyst Ratings for Steel Dynamics Inc. (STLD)

Updated: 2017-07-26

An average rating of Buy has been given to Steel Dynamics Inc. (NASDAQ:STLD) by analysts covering the stock. About 30 days ago, STLD was issued an average rating of Buy.

13 analysts declared STLD a buy, 0 gave an overweight rating, 2 gave a hold rating, 0 issued an underweight rating, and 1 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 1. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

A number of analysts gave price targets for STLD. The most optimistic analyst gave a price target of 48, implying potential capital gains of 32.74 percent. The most pessimistic price target was 21, implying potential capital losses of -41.92 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes -2 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 2.02 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -5.2 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 3 analysts increased their quarterly estimates, while 3 analysts made negative revisions. Also over the last month, 4 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.

STLD has an estimated earnings growth rate of 23.14 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of STLD is 0.72.

In the last 52-weeks, STLD has achieved a high of 40.17 and a low of 22.79. The current market price is above the trailing year's low by 58.67 percent, and 9.98 percent below the high. STLD has a price/earnings ratio of 16.71. Investors typically compare the P/E ratio to a company's peers in the industry. The STLD value stock report compares STLD to some of its peers using value stock charts. The market cap of STLD is $9.21 billion. STLD's next earnings release will be on 0000-00-00, which is days away.