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.
Many analysts weighed in on price targets for STLD. The most optimistic price target was 48, which equates to a potential upside of 32.74 percent. The minimum price target given was 21, implying a possible loss of -41.92 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. 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. 3 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 3 analysts that decreased their estimates. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of STLD to grow at a rate of 23.14 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. STLD has a PEG ratio of 0.72.
STLD has a 52-week high of 40.17 and a 52-week 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 P/E 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 stock has a market capitalization of $9.21 billion. STLD's next earnings release will be on 0000-00-00, which is days away.